Economy

Four Obligations that Anaklia Consortium Must Fulfill before 2020

The Government of Georgia has all rights to terminate the whole agreement with Anaklia Consortium

Direct Flights From Tbilisi to Bangkok to be Launched in December

Thai Air Asia X is set to launch direct charter flights of Bangkok – Tbilisi starting from December 28.

External Sector Remains Balanced Despite Reduction in Tourism Inflows

In Q2 2019, the CA deficit-to-GDP ratio declined sharply to 3.2%, as opposed to 8.2% of the same figure a year ago.

Inflation Pressures Remained High

Inflationary pressures have remained high on the macro agenda as headline inflation jumped sharply in September to reach 6.4% YoY – a figure slightly above our expectations.

Georgia’s Exports Rose by 0.5% in September

According to early report by Geostat, the national statistics service of Georgia, in September 2019 Georgia’s exports rose by 0.5% compared to September 2018

Poti Sea Port has handled 6 403 000 tons of cargo

In September, APM Terminals Poti has handled the highest ever number of containers in Poti Sea Port, which amounts to 51,272 TEUs.

Georgian International Arbitration Centre (GIAC), EU and UNDP hold sixth annual Tbilisi Arbitration Days

Over one hundred judges, arbitration practitioners, public officials and business representatives from the European Union, Central Asia and Georgia gathered in Tbilisi

Ajaristskali Georgia: Shuakhevi HPP will Launch Power Generation in 2020

Shuakhevi HPP plans to launch test generation, Ajaristskali Georgia representatives noted.

Shuakhevi HPP to start electricity production in 2020

Construction is nearly complete on the Shuakhevi Hydropower Plant (HPP), which will soon begin testing and commercial operation.