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.
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).
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
Cost of the ongoing, EIB-backed project averages GEL 13 million.
As the Minister of Economy and Sustainable Development Natia Turnava stated today, about 20 airlines have already expressed their desire to resume flights.
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."
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.