Economy

Airplane Compound Materials Manufacturing Company ATC Expands Production Line

Despite losses amid the pandemic, the airplane compound materials manufacturing company ATC has launched new projects.

EBRD Regional Director: Besides Wind and Solar Power Stations, Georgia Should Also Develop Hydro Power Plants

Georgia uses only 20% of its hydropower potential, Catarina Bjorlin Hansen, regional director of the European Bank for Reconstruction and Development (EBRD) for the Caucasus noted.

Georgia Received $5 Million in Beer Exports in 2020

In 2020, beer exports from Georgia increased.

Georgian Company Established First Commercial Avocado Farm

The Georgian Geonuts Company has established the first avocado farm on six hectares in Lanchkhuti municipality, Guria.

Batumi’s New Multimodal Terminal Starts Cargo Services

Batumi’s new multimodal terminal has started serving cargoes.

State to Spend $3 Million at the First Stage on Establishing National Drug Quality Lab

It takes at least $ 3 million to set up a drug quality lab. The Deputy Minister of Health Tamar Gabunia stated about it. 

Sebastian Molineus on World Bank's EUR85 Million Project to Georgia

The World Bank continues to intervene in the Georgian economy. The International Finance Institute has provided € 85 million in financial assistance to the country to create jobs and support companies affected by the pandemic.

World Bank Pledges EUR 85 Million to Support Job Creation and Firms Affected by the Pandemic in Georgia

Micro, small and medium sized enterprises in Georgia impacted by the COVID-19 pandemic are to benefit from EUR 85 million in financing support, approved today by the World Bank’s Board of Executive Directors.

AYFB: Economy Ministry Should Release Official Statement on Enguri HPP Electricity Distribution to Secessionist Abkhazia

Association of Young Financiers and Businessmen (AYFB) urges the Economy Ministry of Georgia to release an official statement on how Enguri HPP electricity will be distributed to Russia-occupied Abkhazia after Enguri HHP rehabilitation.