Economy

Solar Power Plant to Open in Gardabani

A new solar power plant of 50 megawatts will be built in the village of Aakhali Samgori, Garbdani Municipality.

Kutaisi-Riga Regular Flights Resumed after 6-month Break

The first Riga-Kutaisi-Riga regular flight has been fulfilled after a 6-month break.

Air Traffic in Georgia Reduced by 80%

According to EUROCONTROL, air traffic in Georgia is significantly reduced.

Construction of Rustaveli-Mtatsminda Ropeway Returning to an Active Phase

The construction of a cable car connecting Rustaveli Avenue to Mtatsminda in Tbilisi is returning to an active phase.

Georgian PM and European Commissioner Financing Agreements Worth 129 Million EUR for COVID Recovery

Georgian Prime Minister Giorgi Gakharia held a meeting with European Commissioner for Neighborhood and Enlargement Oliver Varhelyi in Brussels.

Imports of goods decreased by 19.3% - TBC Capital

Imports of goods decreased by 19.3% year on year, largely due to the decline in imports of transport equipment (-35.0% y / y) and oil products (-33.4% y / y).

Georgia’s Foreign Debts Rise to GEL57.3 billion as for June 30, 2020

Georgia’s foreign debts marked $18.8 billion (GEL 57.3 billion) as for June 30, 2020, that is, 111.5% in the annual GDP.

TBC Bank is Leader – Rating of Commercial Banks in terms of Assets

Assets of commercial banks have shrunk by GEL 197 million to GEL 50.98 billion (in the current prices).

EBRD and FAO to Assist Georgia in Agro Tourism

EBRD and FAO have put forward a new initiative for the Georgian tourism industry promotion.