Economy

Minister of Finance Ivane Machavariani Elected Chairman of the Board of Governors of the ADB

Within the framework of the 53rd Annual Meeting of the Asian Development Bank (ADB) held in an online format on September 17-18

Prime Minister: Process of Economic Recovery Must Not be Put at Risk with Strict Restrictions

According to the Prime Minister, the process of economic recovery must not be put at risk with strict restrictions. Correspondingly, no such measures are planned.

Georgia’s State External Debts Rose by $164.248 Million in August

As for August 31, 2020, Georgia’s state external debts marked $6.758 billion (GEL 20.746 billion), up to $164.248 million as compared to July 2020.

Glenberries to Arrange Hothouse on 300 Hectares

Glenberries, the chilled fruit and vegetable processing and storage complex, plans to arrange a hothouse on 300 hectares in 2 years and invest GEL 200 million in the project implementation.

TBC Capital Expects GDP Decline of 5-5.5% in 2020

The GDP decline is expected to be in the range of 5-5.5% in 2020, however, in the conditions of the virus increase.

Six Roads Built by POWERCHINA/Sinohydro in Georgia

Company POWERCHINA/Sinohydro keeps cooperating with the Government of Georgia and soon the Chinese company will undertake reconstruction works in the 42-km section of the Khulo-Zarzma road of Batumi (Angi)- Akhaltsikhe highway.

UNWTO Executive Council: We Support Georgia’s Policy Measures to Gradually Reopen Borders

UNWTO Secretary-General Zurab Pololikashvili personally presented the Tbilisi Declaration of the Executive Council to Georgian Prime Minister Giorgi Gakharia today.

Wizz Air and Ryanair Returning to Georgia

Low-cost airlines are returning to Georgia - according to the Minister of Economy, Wizz Air and Ryanair will resume flights to Georgia in a few weeks.

Itsi Tskali Resumes Production

Springwater manufacturing company Itsi Tskali has resumed operation. As the company founder Vladimer Gurgenidze told BusinessPartner TV Program, Itsi Tskali plans to export products of $1 million by the end of 2021.