Economy

Georgian Airports Regain the Pre-Pandemic Passenger Turnover Indicators by Only 24%

Georgian Airports have regained only 23.6% of the pre-pandemic passenger turnover indicators. In the first half of 2021, the passenger turnover has shrunk by 76.14% compared to the pre-pandemic period

Galt&Taggart Places Georgian Leasing Company Bonds worth $12 Million and €3 Million

Galt&Taggart has successfully placed 2-year bonds of Georgian Leasing Company worth $12 million.

Oil and Gas Corporation Profits Plunge to GEL 3.2 Million in 2020

According to the 2020 consolidated indicators, revenues of Georgian Oil and Gas Corporation (GOGC) amounted to GEL 1 billion and net profits constituted GEL 3.2 million.

Eighteen Major Companies to Buy Electricity

Electricity System Commercial Operator (ESCO) has registered 18 companies as direct electricity buyers on the wholesale market.

USAID ZRDA Invests GEL 600,000 in Tusheti Development in 2018-2021

On July 13, EXPO Georgia will host a presentation of the USAID ZRDA project for tourism business sustainable development in Tusheti.

EU to Allocate 3.9 Billion Euros to Georgia

The EU will allocate 3.7 billion euros for Georgia. EU Commissioner for European Neighborhood and Enlargement, Olivér Várhelyi briefed Prime Minister Irakli Gharibashvili on the EU decision.

Construction of 15km Gurjaani Bypass Completed

Construction works at 15.5km long Akhmeta-Telavi-Bakurtsikhe section (Bakurtsikhe-Gurjaani) finished. 

AYFB President: Energy Exchange Management Should Publicize Planned Works

This statement was released by Giorgi Kapanadze, head of the Association of Young Financiers and Businessmen (AYFB).

Health Minister: We will Narrow Export of Patients from Georgia

“Exports of patients from Georgia will not be carried out anymore”, Georgian Health Minister Ekaterine Tikaradze noted when introducing the 10-year medical tourism development plan in Georgia.