Economy

Natia Turnava: Credit Guarantee System will be Completely Switched to the Tourism Industry and Hotel Business

“The credit guarantee system will be completely switched to the tourism industry and hotel business in order to prevent suspending the development and expansion projects,” – said Natia Turnava at 1TV, Minister of Economy and Sustainable Development.

Ex Deputy Economy Minister Appointed as GIG Director General

Lasha Mikava, who was deputy Economy Minister in 2018-2019, has been appointed as GIG director general.

Uzbekistan Airways to Enter Georgian Market

The Uzbekistan Airline company "Uzbekistan Airways" starts regular flights to Georgia.

Motorways as an Economic Development Indicator – Georgia and the World

Low-quality road construction works, protracted projects, thwarted tenders and blacklisted contractors; regretfully, this is our reality in Georgia.

Passenger Flow Increased by 30% in Batumi International Airport

In 6 months, Batumi International Airport has increased by 30% with regular and irregular flights.

Government to Co-finance Bank Loan Interests for Existing Small Hotels

The Government will ensure co-financing on bank loan interests for existing small hotels, and the state will serve as the guarantor for the construction of new ones.

Russian Airlines to Bear $47 million Losses from Flight Ban

Russian airlines are expected to bear 47 266 000 USD losses from flight ban with Georgia, the Russian Transport Minister noted.

Olivier Russo Appointed as Head of Investment Board of Pension Agency

The investment board of Pensions Agency has held its first meeting. Olivier Russo has been appointed as a chairman of the Investment Board.

VAT Reform - Changes to the Tax Code

The Ministry of Finance of Georgia published a draft law on amendments to the Tax Code.