Economy

Initiative at Greenhouse in Samtredia Brings Fresh Vegetables to Georgia

A greenhouse in a small city of Samtredia, western Georgia, grows tomatoes, cucumbers and lettuce in water.

National Bank of Georgia Upgrades 10 Lari Banknotes

Upgraded banknotes in denominations of 10 lari will be in circulation in Georgia from October.

Direct flights between Russia and Georgia may resume in November

Direct flights between Russia and Georgia may resume in November.

ADB Expects Inflation Rate in Georgia will be above Target Rate

The Asian Development Bank (ADB) downgraded Georgia's economic growth forecast.

EBRD Shows Willingness to Engage in Anaklia Project Implementation

We are ready to engage in Anaklia project implementation if we see a valuable commercial solution

Changes and Risks to Come from the Revision of the Universal Healthcare Funding Mechanism

The government of Georgia plans to revise the universal healthcare funding mechanism. 

Parliament to Revise 2019 State Budget, Domestic Debt to Rise to Historical 900 million GEL

Government of Georgia has forwarded the 2019 state budget revision bill to the Parliament.

Electricity Consumption to Double in 2020-2030

Energy security and hydro resources, annually growing electricity consumption statistics, and growing electricity imports.

Saudi Arabia's Budget Airline Launches Regular Flights to Tbilisi

Saudi Arabia's   first budget  airline, Flynas, launches direct regular flights from Riyadh Airport  to Tbilisi starting October 2, 2019.