In July 2018, compared to June, inflation rate made up -0.3%, but annual inflation index totaled 2.8%. According to Geostat, national statistics service of Georgia, change in prices in the following groups have influenced monthly inflation indicator: food and soft drinks: prices declined by 1.1%, which made -0.32% on the …

On 30 July 2018 the Constitutional Court of Georgia declared unconstitutional the administrative responsibility for private use of marijuana. Mr.Bakhturidze responded to the ruling with a statement implying that Philip Morris in Georgia has been involved in “lobbying of “marijuana legalization in Georgia”. This statement is wrong. Philip Morris has …

Apple, a company founded 42 years ago in a Santa Clara Valley garage to make personal computers, is now worth $1 trillion. It becomes the first American company to achieve that feat. A trillion is an unimaginably big number no matter what you’re counting—but especially when it’s money. It’s the …

According to the rating of “Best European Countries for Business 2018” Georgia ranks 18th among 46 European countries. The European Chamber publishes this rating, which evaluates the country’s existing business environment. Points that are assigned to countries are derived from the World Bank business doing and the International Transparency Corruption …

According to the NDI survey, 54% of the respondents use internet every day, at least once a week, at least 1% per month, 5% more rarely, 28% never, and 1% said they do not know what the Internet is. Once a week or more, internet is used in Tbilisi – …

World Bank Group commitments to developing countries hit nearly $64 billion in fiscal year 2018, which ended June 30, with record increases in human development, climate finance, and IDA support. World Bank Group Commitments fiscal years 2018 and 2017 (in U.S. billions)  World Bank Group FY18* FY17 IBRD 23.0 22.6 IDA 24.0 …

The new hotel “Best Western Sairme Resort” is ready to host you at 950 meters above sea level. Balneological-climatic resort has very interesting history. The first sources about Sairme waters come  from the late 19th century. According to the legend two brothers –hunters who were pursuing the trail of a …

Nikoloz Chikovani, Special Manager of Georgian Manganese, said that the process of recultivation of the Chiatura mines has begun, according to which several miners have already been recruited, planted grass and trees. “Fortunately, the grass and trees started to bloom. Soon we will have a detailed plan and timelines, including …

According to Ministry of Economy and Sustainable Development’s LTD ”Georgian Airports Association”, as for the data of July 2018, the passenger traffic in Kutaisi Davit Aghmashenebeli Airport has increased by 52% compared with the same period last year. In July, Kutaisi Airport served a record number of passengers – 75,372 passengers …

On 8–9 August, officials from the Ministry of Culture and Sport of Georgia will visit Austria to learn about the country’s experience in the development of a grassroots sports strategy, as well as methods for its implementation and possible problems to be taken into account. The visit is being organised …

The use of Tbilisi International Airport for transit purpose increased by 3 times. As AviaNews was informed by Ministry of Economy and Sustainable Development “Georgian Airports Association”, Tbilisi International Airport served 740 740 transit passengers in 2017, which is 326% more than in 2016. In 2017, the increase is 203% …

The Batumi Municipality and the European Bank for Reconstruction and Development (EBRD) jointly develop the “Green City Plan”, which will involve the EBRD Green Cities Framework Program. The project of the action plan was officially launched by Batumi Mayor Lasha Komakhidze together with the Deputy Director of EBRD Municipal Infrastructure …