Economy

Tbilisi International Airport Prepared in Accordance with Epidemiological Safety Standarts

Natia Turnava, the Minister of Economy and Sustainable Development, got acquainted with the preparation works necessary for the restoration of flights at the Tbilisi International Airport.

GEL Strengthens to 3.07 Rate in 2 Days

Over the past week, the GEL exchange rate against USD has strengthened by 10 Tetri. After the June 2 trading session, 1USD amounted to 3.07 GEL, up from 3.1716, week on week, the National Bank of Georgia (NBG) reports.

Government Takes Internal Debts of 130 million GEL

On June 2 the Government of Georgia held two auctions and took internal dents of 130 million GEL, namely, sold Treasury Notes of 70 million GEL and Treasury Bills of 50 million GEL.

Government Sells 69 Properties as part of 100 Investment Offers for Business

The government of Georgia has sold 69 properties of 120 ones as part of “The 100 Investment Offers for Business” privatization program, the 2019-2020 government’s report reads. The document was submitted to the parliament.

Vakhtang Butskhrikidze: The Rise of Economy will Start at a Fast Pace

According to TBC Capital, the economic decline will be 4.5% this year.

Minister of Economy and Sustainable Development and Chairman of Ajara Government paid a visit to the Shuakhevi HPP

Minister of Economy and Sustainable Development of Georgia Natia Turnava and the Chairman of Ajara Government Tornike Rizhvadze paid a visit to the Shuakhevi Hydropower Plant.

Bank of Georgia launches partnership with Visa, Soplidan.ge and Farmers' Association to Support Farmers

Bank of Georgia continues to support local entrepreneurs and farmers and is launching a campaign with Visa, soplidan.ge, and the Farmers' Association.

Vienna Insurance Group Financing the Development of a Covid-19 Medication

Vienna Insurance Group has provided large-scale funding to the Austrian biotech company Apeiron Biologics AG, which is working on a COVID-19 drug.

GEL 2 Million Invested in Road Bridge Construction in Gardabani Municipality

MDF and the Ministry of Regional Development and Infrastructure are implementing the project for road bridge construction over Lochini.