Economy

Georgia's Prime Minister Addresses Parents of Children with Achondroplasia, Calls for Cooperation in Accessing Treatment

Georgia's Prime Minister Irakli Gharibashvili has addressed the parents of children suffering from achondroplasia, a genetic disorder that affects bone growth, and called on the state to finance medicine for the treatment of the disease.

Georgia's Partnership Fund to be Renamed 'Development Fund of Georgia' in Ambitious Reform Plan

Georgia's Partnership Fund is set to undergo a reform that will result in the fund being renamed the "Development Fund of Georgia".

National Property Agency Exceeds Privatization Plan, Sells State-Owned Properties Worth Millions in Q1 2023

Georgia’s National Property Agency sold state-owned properties worth more than 46.3 million GEL in the first quarter of 2023, exceeding the privatization plan.

Wizz Air Expresses Interest in Expanding Presence in Georgia Beyond Kutaisi

In a recent meeting between the co-founder of Wizz Air, Jozsef Varadi, and the Georgian ambassador, Tamuna Liluashvili, both parties discussed the ways to further enhance their partnership.

EU and World Bank Release Subnational Public Expenditure and Financial Accountability Assessments for Georgian Municipalities

The European Union and the World Bank have released Public Expenditure and Financial Accountability (PEFA) assessments for three Georgian municipalities

State Agricultural Insurance Program Compensates Losses Exceeding ₾67 Million

For the past nine years, the state agricultural insurance program has been successfully running and constantly improving

Plant the Future" Program Aims to Boost Perennial Crop Production in Georgia

The state program "Plant the Future" has been successful in boosting the production of perennial crops in Georgia, according to the Minister of Environment Protection and Agriculture, Otar Shamugia.

Georgia Leads the Way in Renewable Energy with $800 Million Investment from International Investors

Georgia has made significant progress in renewable energy with the construction of several dozen hydroelectric power stations in the past ten years, and 12 new HPPs put into operation in 2022-2023, with a total installed capacity of over 30 MW.

GIRTEKA's Investment in Georgia: A Boost to the Economy and Job Market

GIRTEKA, one of the largest logistics companies in Europe, has announced its plans to invest €1 million in Georgia over the next three years.