Economy

IBRD will allocate Georgia EUR 73.1 Million to Combat Coronavirus

The International Bank for Reconstruction and Development (IBRD), a member of the World Bank Group, announced that it has endorsed granting Georgia a loan amounting to 73.1 million euros to combat coronavirus.

Georgia's External Merchandise Trade Decreased by 11.8%

The exports equaled USD 1 001.3 million (11.9 percent lower), while the imports stood at USD 2 462.2 million (11.8 percent lower).

Air India to Schedule First Flight to Georgia

Amid the ongoing lockdown, Air India has opened bookings on select repatriation flights to be operated from India to six other countries including Georgia. 

Economy Minister: Negotiations are underway with Baltic Countries on Air Traffic Resumption

Today I talked with the Transport and Communications Minister of Lithuania and discussed the prospects how quickly we can restore air traffic between our countries

Lisi Surrounding Earth Roads Rehabilitation Project in Active Phase

Cost of the ongoing,  EIB-backed project averages GEL  13 million. 

SOCAR to sell Diesel Cheaper to Georgian Farmers

A contract has been signed between the Ministry of Agriculture of Georgia and Socar Georgia Petroleum.

Over 20 Airlines Express Readiness to Resume Flights to Georgia Gradually

As the Minister of Economy and Sustainable Development Natia Turnava stated today, about 20 airlines have already expressed their desire to resume flights.

TBC Capital Predicts Possible Scenarios for Georgian Economy

According to the basic scenario, the economy will shrink by 4.5-5.5% in 2020 and grow by 4-5% in 2021, according to a study by TBC Capital, "The Impact of COVID-19 on the Georgian Economy."

Government to Allocate 37 million GEL to Land-poor Farmers

The Government of Georgia will allocate 37 million GEL to assist land-poor farmers. On the whole, the assistance will be issued to about 200,000 farmers. The program implementation will start on May 20, 2020.