Economy

Growth of Construction Sector Dropped Last Year

The National Statistics Office published a report on Gross Domestic Product (GDP) of 2018. During the year 2018, the construction sector dropped 3.1%.

Paata Lomidze: Estonian Model of Profit Taxation will Boost Insurance Sector

Paata Lomidze, Director General of the insurance company GPI Holding, says if the Estonian model of taxation of profits, will apply to the insurance sector, this will boost the sector development and growth.

Foreign Direct Investment See 5 Years’ Bottom

According to preliminary indicators, foreign direct investments (FDI) in 2018 was listed at 1,232.4 million USD, down 34.9% year on year.

Average Salary for Men is 1468 GEL, for Women – 906 GEL

According to Geostat, the national statistics service of Georgia, according to the fourth quarter of 2018, average salaries in Georgia made up 1202 GEL, up 61 GEL year on year.

South Korea to Shape Delegation for Deepening Economic Ties with Georgia

South Korea plans to shape a special delegation for enhancing economic ties between Georgia and Korea.

Prime Minister: Government to Develop Mediation Institute in Georgia

Government of Georgia plans to develop the mediation institute.

Deputy Economy Minister Rules out that Georgia Import A Mass of Russian Natural Gas

The price of Russian natural gas has cheapened for the private sector, under the new contract agreement with GazProm, Natia Turnava, Deputy Minister of Economy and Sustainable Development of Georgia, noted.

Foreign Direct Investments in Fishing Industry Grows by 29%

Foreign direct investments in agriculture sector and fishing industry have increased by 29%.

Georgian Rural Development Association Helps Develop Algeti National Park

With the support of the EU, a new ecotourism attraction – an adventure park – will be set up in Georgia’s Algeti National Park.