Economy

Georgian PM Responds to the European Commission's Conclusion

Moldova and Ukraine are given the status in advance, while Georgia must first fulfill conditions first, - Georgian Prime Minister Irakli Gharibashvili said.

Thousands Rally in Georgia in Support of EU Membership

Thousands of people in Tbilisi have turned out to demonstrate for a closer relationship with the European Union, days after the European Commission recommended deferring Georgia’s candidacy.

European Commission: Georgia Must First Meet Certain Conditions Before Granting Candidate Status

Ukraine and Moldova have been nominated for EU candidate status by the European Commission, but Georgia must first meet specific criteria before getting candidate status.

IMF Executive Board Approves US$280 million Stand-By Arrangement for Georgia

The Executive Board of the International Monetary Fund (IMF) today approved a US$280 million StandBy Arrangement for Georgia which provides support for the authorities’ economic policies over the next three years.

Georgia Allocates €6.5 Million for Rehabilitation of 15 Schools in Mountainous Regions

Georgia has two agreements with the Scandinavian Environment Finance Corporation, according to which a total of 6.5 million euros has been allocated for the rehabilitation of schools in mountainous regions.

Exports in January-May Grew by 36% Making Up 2 billion USD

Foreign trade has improved tremendously, and this trend continued in May as well, Georgian Prime Minister Irakli Garibashvili stated at today's Cabinet meeting.

Georgian PM: We are Ready to Host EuroBasket with New Sports Palace in Place

Now that the new Sports Palace has been finalized, we are ready to host EuroBasket, Georgian Prime Minister Irakli Garibashvili told the press after visiting the newly built Tbilisi Sports Palace.

Tbilisi TV Tower to be Handed Over to Investor for 28 Years after Modernization

The Tbilisi tower modernization project is economically viable and will take 3 years to implement. This statement was made by the head of the property management service of Tbilisi City Hall.

Samkharadze: Spanish Company made Large Investment in GWP that Hopefully Solves Water Supply

According to Nikoloz Samkharadze, a member of the Georgian Dream, last year almost $ 200 million has been invested in GWP.