Economy

Prime Minister Instructs Agriculture Ministry to Keep Prices Unchanged on Seven Key Products

As noted by Irakli Chikovani, the Prime Minister’s advisor, the Agriculture Ministry and business sector will develop a new mechanism to minimize changes of product prices.

EBRD Reveals €1 Billion Emergency Coronavirus Financing Package

The EBRD has unveiled an emergency €1 billion “Solidarity Package” of measures to help companies across its regions deal with the impact of the coronavirus pandemic.

Georgian Post to be Entrusted to Create Service for Pensioners and Socially Vulnerable Group

Ministry of Economy and Georgian post, together with the Ministry of Healthcare are entrusted to build the service offering mechanism for pensioners and socially vulnerable groups. 

State Orders Closure of Sport and Spa Centers from Tomorrow

Government of Georgia after closure of bars and restaurants bans functioning sports and spa centers.

Georgia's External Debt Decreased by USD 4.2 Million

As of February 29, 2020, Georgia's state external debt exceeded $ 5.673 billion (GEL 15.832 billion), down by $ 4.161 million compared to the previous month.

New Official Exchange Rate

The official exchange rate set by the National Bank of Georgia (NBG) has also been changed and shows that from today 1 USD will cost 3.0118 GEL, which means that Lari reached record-high depreciation against Dollar. 

AirBaltic Suspends Operation of Riga-Tbilisi Airline to Prevent the Spread of COVID-19

To prevent the spread of COVID-19, airBaltic has been suspended operation on Riga-Tbilisi route since March 16.

Giorgi Gakharia: We make Sure that Citizens won't Encounter Deficit on Groceries and Household Items

"Our key goal is to make sure that citizens of this country encounter no deficit on groceries or other household consumption products" announced Giorgi Gakharia, Prime Minister of Georgia at a meeting.

Lufthansa to Cancel 23,000 Flights

In total, Lufthansa Group will cancel 23,000 flights from March 29th till April 24th.