Economy

Oil Shipments From Georgia’s Batumi Port Drop 38 pct in Jan-Feb

Oil and related shipments from Georgia’s Black Sea port of Batumi dropped 38 percent in the first two months of 2019 from a year earlier, an official at a KazMunaiGas-operated terminal at the port said on Friday.

12 Protected Areas in Georgia to Receive Comprehensive Support UNDP and GEF

Twelve Protected Areas in Georgia will receive comprehensive support from the United Nations Development Programme.

Statement of Georgian Railway Trade Union

As it is known, JSC “Elmavalmshenebeli” has created is experiencing a very difficult situation. Personnel employed in the factory have not received their salaries for 6 months.

Over 90% of Subscribers Will Be Gasified in 2019-2021

Deputy Minister of Economy and Sustainable Development, Natia Turnava introduced the 2019-2021 Gasification Action Plan to the Prime Minister’s Adviser for the Regional Development, Sozar Subari and the Regional Representatives.

IMF: Georgia’s Economic Growth is Projected at 4.6 percent in 2019

An International Monetary Fund (IMF) team, led by Mercedes Vera-Martin, visited Tbilisi during February 20-26, 2019 to discuss recent economic and financial developments and progress with structural reforms.

EU Launches Rural Development Project in Akhmeta Municipality

Last week, the EU launched a new rural development project in the Akhmeta municipality of Georgia. Entitled “Promoting Inclusive and Participatory Local Development in Akhmeta Municipality".

Government Allocates 4 million GEL for Technical Assistance of Farmers

Government of Georgia has approved a new program to ensure co-funding of mechanization process for farmers in Georgia.

The Number of Employees Exceeds the Number of Self-Employed, for the First Time in Georgia

According to early indicators from Geostat, the national statistics service of Georgia, in the fourth quarter of 2018, the unemployment rate in Georgia rose by 0.1%.

Mercedes Vera-Martin: Fitch’s Rating Proves Sustainability of Georgian Economy

At the meeting with Georgian officials the IMF mission positively appraised the fact that Fitch Rating international rating company has improved Georgia’s sovereign credit rating from BB- level to BB level with the outlook of Stable.