Economy

Overview and Forecast of Georgia's Economy for 2021 by David Gondauri

David Gondauri, Doctor of Business Administration, Professor at the University of Business and Technology shares an Overview and forecast of Georgia's economy for 2021.

Visa and the Ministry of Economy and Sustainable Development sign MoU to boost economic, innovative and cultural development of Georgia

Visa, the world’s leader in digital payments, has signed a two-year Memorandum of Understanding (MoU) with the Ministry of Economy and Sustainable Development of Georgia

₾ 1.545 Billion to be Spent on Projects in Tbilisi in 2022

1.545 billion GEL will be spent on various projects in Tbilisi next year.

Manufacturing Batteries for Electric Vehicles Starts in Kutaisi

The launching of the Kutaisi electric vehicle factory has been delayed due to a pandemic, and according to the Ministry of Economy, the production of electric batteries will start instead.

Air Georgia : We Plan to Start Direct Flights from Georgia to the USA in 1 Year

Air Georgia is preparing for the first commercial flights, - Business Press News reports, which talked to the founder of the Georgian airline Giorgi Kodua.

EU and GIZ in cooperation with the USAID Economic Security program combine efforts to organize the first Construction Material B2B Event

Clusters4Development project, funded by the EU and the German Government teamed up with the USAID Economic Security program to conduct the first Georgian Construction Material B2B event.

Road that Cuts Travel Time to Kakheti in Half- Agreements Signed with Chinese and Turkish Companies

A new 4-lane highway is planned to be built in Kakheti. The first part of the construction envisages the construction of a new road on the 35.2-kilometer section from Tbilisi to Sagarejo.

BTC Celebrates 500 million tonnes of Oil Export

The Baku-Tbilisi-Ceyhan (BTC) oil export pipeline, operated by bp, has achieved a significant milestone by carrying 500 million tonnes of oil in total from the Sangachal terminal near Baku across Azerbaijan, Georgia and Turkey to Ceyhan.

Most Powerful Solar Power Plant in Georgia Installed at Lopota Spa Resort

The most powerful solar power plant in Georgia has been installed at Lopota, which will generate 500 kW of electricity and replace 20% of the electricity used by Lopota Spa with green energy.