Economy

Minister of Finance: GEL Rate Falls to 2.80 Point, but There is no Inflation Pressure

GEL exchange rate deprecation is driven by external factors, Minister of Finance Ivane Machavariani told reporters.

Will Enforcement of Regulations will Raise Tariffs on Taxi Services

Taxi drivers are obliged to drive taxis painted white color starting on October 1, 2019.

German solar Energy Module Manufacturing Plant Opened in Kutaisi

As noted by the Head of Government of Georgia, it is important that country is focused on the hi-tech production and manufacturing of solar energy modules is indeed such enterprise.

Changes to Take Place in Georgia-Ukraine Free Trade Agreement

Changes will be made to the Georgia-Ukraine free trade agreement. Changes will be signed by Natia Turnava, Minister of Economy of Georgia, who is visiting Ukraine.

Wizz Air Postpones Launch of Six New European Destinations from Kutaisi

Hungarian low-cost airline Wizz Air has postponed the launch of six new European destinations from Georgia's Kutaisi for a month, the airline press service said, Trend reports via Georgia Online.

Georgia Grows into Service-oriented Economy

Christine Lagarde, the managing director of International Monetary Fund (IMF) keeps visiting Georgia. 

Giorgi Chogovadze: Kutaisi Airport will Be 4 Times Bigger in 2020

Kutaisi airport terminal expansion works are being carried out in intense regime.

Military Expenses and Economy – The Militarization Effect on Georgia and the World

What is the effect of military expenses on an economy? These is no clearly determined answer to this question.

Production Price Index Grows by 5.7%

In April 2019 the production price index of in industrial sector rose by 0.2% month on month and by 5.7% year on year.