Economy

Government to Cut Budget Costs by 600 million GEL

Today we have the following budget parameters: budget revenues will shrink by about 1.8 billion GEL,

Gov't to Subsidise Mortgage Loans By the end of 2020

While presenting a report on coronavirus in the Parliament, Prime Minister of Georgia Giorgi Gakharia said: “a specific plan had already been created for developers and builders.”

Irina Milorava: We should Frequently Reiterate What We lose by Rejecting HPPs

As noted by Irina Milorava, head of the Energy Exchange, only wind and solar power development cannot balance the current energy deficit in the country.

Face Masks Produced in Georgia will be Exported

Medical products produced by ''New Technology Impex'' will be exported.

Largest Infrastructure Project - Road Modernization Projects at Rikoti Gorge Costs 1.6 Billiion

A 180 meter-long tunnel has been cut first time ever within the scope of road modernization at Rikoti Gorge and namely at Khevi-Ubisa segment, by Khevi Village.

The French Development Agency Allocates €190 million to Georgia to Support the COVID19 Pandemic Crisis Response Plan

On April 9, 2020, major international donors, including the French Development Agency (AFD), expressed their strong support for Georgia as it faces the health and economic effects of the COVID19 pandemic.

TAV Georgia will Start Expanding Batumi Airport in July

TAV Georgia will start expanding Batumi Airport in July - Tea Zakaradze, Deputy General Manager of TAV Georgia, the operator of Tbilisi and Batumi International Airports, said.

Kutaisi International Airport Finishes First Phase of New Terminal Construction Works

As the Georgian Airports Association reports, a terrace, facade, stained-glass window and roofing have been arranged at the new passenger terminal of Kutaisi International Airport.

AIIB Approves EUR91.34 Million COVID-19 Emergency Assistance to Georgia

AIIB Board of Directors has approved a loan of EUR 91.34 million in support of an emergency project to help the Government of Georgia