Economy

Black Sea Transmission Cable Project Georgia as Transcaucasia Electricity Hub

The Black Sea Bed High-Voltage Transmission Cable as New Baku-Tbilisi-Ceyhan Project.

Insurance Industry Ends Pandemic Year in Net Profits of GEL 47.6 Million

Despite the COVID-19 challenges, the Georgian insurance industry has finished the year 2020 in net profits of GEL 47.6 million, up 90% year on year.

EU Allocates EUR 20 Million for Georgia’s Environment Protection Projects

European Union (EU) has approved a grant of EUR 20 million for implementing environment protection projects in Georgia in 2022-2027, the Environment Protection and Agriculture Ministry of Georgia reports.

Kazakh – Georgian Economic Union established under the Initiative of Companies Operating with Kazakh Capital Share

It is noteworthy that the founders of the organization are business companies and corporations operating with Kazakh Capital share on the Georgian market

Snail Meat Processing Plant to be Built in Georgia with Italian-Georgian Investment

Italian-Georgian investment will launch a snail meat processing plant in Georgia. The relevant agreement has already been signed between the parties.

The Caucasus’ First Enterprise of Proteins and Other Supplements Opens in Tbilisi

A new Georgian enterprise has launched an operation with the support of the Enterprise Georgia government program.

Lasha Khutsishvili Becomes Georgia's Minister of Finance

Lasha Khutsishvili will head the Ministry of Finance of Georgia. The Prime Minister Irakli Gharibashvili stated about it at the government session.

Government Puts Ten State-owned Companies on Sale

The Government of Georgia has put out 10 state-owned assets for auction, as part of the expanded government program “100 Investment Offers to Business”.

Turkish Low-Cost Airline Anadolujet Returns to Georgian Market

AnadoluJet, a subsidiary of Turkish Airlines, a low-cost airline, is returning to the Georgian air market.