Bakhtadze: Interest of American investments in the Region is declining
"Unfortunately, geopolitical turbulence is growing in the Black Sea region," said Mamuka Bakhtadze, the former Prime Minister of Georgia and now Chairman of the Board of the US-Georgia Economic Cooperation Fund.
Romanian Oil Company Invests EUR 30 MLN Anually to Explore Gas in Georgia and Bulgaria
Romanian integrated oil company OMV Petrom won an oil exploration license on the Black Sea shelf by the tender on March 10, 2021.
Tbilisi to have Smart Public Transport System Starting Next Year
Smart public transport, upgraded wagons, 200 new buses, reduced waiting times, bicycle lanes - these are the announced changes in the transport policy of the Tbilisi Mayor.
Government Plans to Invest 100 MIillion GEL in Basketball
It is planned to invest 100 million GEL to develop basketball in Georgia and support the National Basketball Federation.
EBRD Allocates 75 Million Euros for Rehabilitation of Metro Tbilisi
EBRD has already decided to finance the Tbilisi Metro Rehabilitation Project in early 2020. The volume of the project is 75 million euros, or 267 million GEL.
TBC Capital: Economic growth will exceed 10% this year
According to preliminary data from Geostat, real GDP growth in October, as expected, compared to the previous year was 6.9%.
Inflation in Georgia Reached 12.5% in November
In November 2021 the Consumer Price Index increased by 0.6% compared to the previous month, while the annual inflation rate amounted to 12.5%, - according to the preliminary data from the National Statistics Office of Georgia.
Three Cities of Georgia Receive €30 000 Grant from EU4Culture
Zugdidi, Poti, and Kutaisi are three cities in Georgia that will receive a €30,000 grant from EU4Culture to support cultural development.
Government Increases Number of Spectators at Cinemas, Theatres, and Opera House
According to the decision made by Coordinating Council, the number of spectators in cinemas, theaters, and operas will increase from December 1st.