Economy

Georgia’s Hazelnuts Exports Hit 2,648 tons; Exports Markets

As for September 10, 2020, Georgia has exported 2,648 tons of hazelnuts, up from 1,599 tons of hazelnuts exported in the same period of 2019, the Georgian Agriculture Ministry reports.

Apple Gardens Arranged on 1,128 hectares under Plant the Future Program

Apple gardens have been arranged on 1,128 hectares in Georgia, as part of the Plant the Future state program. The co-funding component constituted GEL 9 million.

Wind Power Plant in Kartli to Receive Revenue of 9,4 Million GEL in First Six Months of 2020

According to the GCAP, the wind power plant generated 46,6 GWh, which is 51% capacity load. 

Telasi is Operating at a Loss

"Telasi" is at a loss. The company announced a reduction in sales revenue in the face of the СOVID 19 pandemic.

Goga Melikidze: Yield on Pension Assets Exceed Annual Inflation 2.3 Times

The yield on pension assets exceeds the annual inflation 2.3 times, Goga Melikidze, a senior officer of the Pension Agency’s Investment Board noted.

6 Cities to Gradually Receive 175 New Buses

The Municipal Development Fund of the Ministry of Regional Development and Infrastructure of Georgia has purchased 175 buses for 6 cities within the framework of the Urban Transport Development Program.

Government Suspends Underground Gas Storage Project to Spend EUR 120 million on COVID Crisis

Government Suspends Underground Gas Storage Project to Spend EUR 120 million

Georgia’s Foreign Trade Turnover with Saudi Arabia Triples

Georgian Economy Minister Natia Turnava and Saudi Arabia Ambassador in Georgia Abdullah Al-Mutairi discussed trade-economic cooperation and other relevant issues.

Government Undertakes Program for Buying off Apartments, Budget Total GEL 200 million

The Government has submitted a development sector support state program as part of the working meeting with the development sector representatives at the Ministry of Economy and Sustainable Development.