Economy

Turkish Airlines Regains Leading Position on Georgia Air Market

Turkish Airlines has regained a leading position on the Georgian air market. In January-June Turkish Airlines’ passenger turnover rose by 2% year on year and by 4% compared to the same period of 2019.

Pfizer Company Obtains Most of Innovation Patents in Georgia

Pfizer pharmaceutical company has obtained the most of innovation patents in Georgia, Geostat, the National Statistics Service of Georgia, reports.

USAID to Launch Georgia’s Energy Future Securing Program Worth $15.7 Million

Securing Georgia’s Energy Future Program (SGEFP) will help the country diversify its energy resources.

Prime Minister: In 10 Years We Will Spend GEL 32 Billion on Infrastructural and Regional Development

"We will spend GEL 32 billion on implementing infrastructural and regional development projects for the next 10 years".

Partnership Fund Puts out 50% Stake of Georgian Natural Products for Auction

Partnership Fund plans to sell its stake in its affiliated company. Namely, the Fund plans to sell the 50% stake in the Georgian Natural Products company.

Georgian Airports Regain the Pre-Pandemic Passenger Turnover Indicators by Only 24%

Georgian Airports have regained only 23.6% of the pre-pandemic passenger turnover indicators. In the first half of 2021, the passenger turnover has shrunk by 76.14% compared to the pre-pandemic period

Galt&Taggart Places Georgian Leasing Company Bonds worth $12 Million and €3 Million

Galt&Taggart has successfully placed 2-year bonds of Georgian Leasing Company worth $12 million.

Oil and Gas Corporation Profits Plunge to GEL 3.2 Million in 2020

According to the 2020 consolidated indicators, revenues of Georgian Oil and Gas Corporation (GOGC) amounted to GEL 1 billion and net profits constituted GEL 3.2 million.

Eighteen Major Companies to Buy Electricity

Electricity System Commercial Operator (ESCO) has registered 18 companies as direct electricity buyers on the wholesale market.