Economy

EU to Allocate 1.75 million EUR to National Bank of Georgia

EU has launched a new project to strengthen efforts that the National Bank of Georgia will take in the fields of banking and payment services.

Georgian Airways to Join Air Silk Road Development Project

Georgian Airways will engage in implementing Air Silk Road development project. At this stage, we are exploring the project jointly with the Chinese party.

Foreign Investors Show Interest in Mimino Airport Telavi

A foreign investor has expressed interest to launch international flights from Mimino airport, Sergo Tepnadze, principal of Aviation University told BM.Ge

Fiscal Stimulus Moderated in June

Growth of tax revenues accelerated to 13.2% YoY mostly on the back of higher VAT (+17.6% YoY), profit tax (+68.8% YoY) and property tax revenues (+15.7% YoY).

Georgian Railway's Revenue Decreased by 3.3% to $167 Million Last Year

GR’s revenue in 2018 decreased 3.3% y/y to US$ 167.5mn. Significant reduction in freight transportation and logistics service revenues dragged the positive trends in other revenue streams.

Deputy Economy Minister on GEL Rate: No Grounds for Alarm

Deputy Economy Minister Nikoloz Alavidze noted that the current macroeconomic parameters give no grounds for alarm.

How USA-China Economic War Affects Developing Countries of Asia and Georgia

The globalization era has boosted production at unbelievable paces.  

EBRD to Finance Procurement of Buses for Georgian Regional Centers

The proceeds of the loan to Georgia for the benefit of secondary cities, which might include Kutaisi, Gori, Telavi, Zugdidi, Rustavi and Poti, will finance approximately 100 units of modern diesel (Euro 5) buses. 

Successful Rural Development Projects Launched and Equipment Delivered in Tetritskaro

On 26 July 2019, the launch event of the Adventure-Rope Park and Algeti National Park Visitor’s Center was held along with the official hand-over of equipment to successful grant applicants.