Government to Reform Partnership Fund into Development Fund of Georgia
The Partnership Fund will be transformed into the Development Fund of Georgia and the new organization will be financed from the state budget.
Adjara’s Agro Service Center Set out for Auction at GEL 13.8 Million
Adjara’s Agro Service Center has been put out for auction. The starting price of the 100% stake is GEL 13.8 million.
Negotiations Underway with TAP Air to Launch Direct Flights to Portugal
The Government of Georgia plans to launch direct flights to Portugal. Negotiations are underway with Portuguese national air company TAP Air Portugal.
Products that Georgia Buys and Sells in Armenia
Armenia remains Georgia’s one of biggest trade partners. In January-July 2021, the Georgia-Armenia trade turnover amounted to $398 million. As a result, Armenia ranked 7th among Georgia’s top 7 trade partners.
Georgia’s Currency Reserves Hit $4.117 Billion
Georgia has substantially increased its international currency reserves after the International Monetary Fund (IMF) allocated reserve assets to the country.
Galt & Taggart Expects Inflation Rate to Hit 14% in December
Galt & Taggart forecast that the inflation rate will further grow. As noted by Galt & Taggart economist Lasha Kavtaradze, in December 2021, the inflation rate will hit 14%.
Israeli Airlines to Resume Flights to Tbilisi and Batumi
In September Israeli Airlines will resume flights to Tbilisi and Batumi International Airports.
Georgia Imports Vaccines of over $39 Million; Where We Buy Human Vaccines
In January-July 2021 Georgia bought vaccines worth $39.975 million in 16 countries.
ARKIA Airline to Resume Flights to Batumi International Airport
ARKIA airline will resume flights to Batumi International Airport, TAV Georgia, an operating company of Tbilisi and Batumi International Airports, reports.
