New Owner of Wind Power Station to Pay 17.5 million USD to EBRD

29.7 million USD was spent on building a wind power station and the Government plans to sell the asset for 14.2 million USD.

Kartli Wind Power Station Put out for Auction

Kartli wind power station has put out for auction at 14.25 million USD. The public auction was announced by Georgian Energy Development Fund and Georgian Oil and Gas Corporation (GOGC).

Despite Real Attractiveness as an Investment Destination, Georgia Fails to Make Full Use of this Opportunity because of Political Turmoil

What is the economic reality of Georgia? Why are FDI inflows declining? What is the future of the national currency?

Electricity Imports Grow by 20%, Exports Decline by 59%

Electricity System Commercial Operator (ESCO) has published a final report for the month of August. According to this report, electricity imports in August made up 119.17 million kw/h and exports constituted 0.08 kw/h.

IMF Mission Deems Trend of Economic Indicators in Georgia to Be Positive

Discussions were related to the economic position of the country, performance of the Extended Fund Facility (EFF) and key fiscal indicators for 2020.

Anaklia Consortium Introduces 2 Major Investors

Anaklia Development Consortium abstains from commenting on confidential discussions that was held with the Ministry as part of the ordinary bilateral communication between the Parties. The Consortium has spread the following statement.

Cost of Living in August Made up 189.2 GEL

The cost of living in August rose by 2 GEL, compared to July, and the figure made up 189.2 GEL.

Adjara Government to Extend Boulevard to Turkish Border in 2020

Adjara Government plans to extend the boulevard to the state border with Turkey, Adjara Government head Tornike Rizhvadze noted.

Infrastructure Ministry to Implement Surami Development Plan

“We have decided to launch and implement Surami Development Plan”, Minister of Infrastructure Maia Tskitishvili noted after the government meeting.