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Economy

Money Transfers to Georgia Constituted 138 million USD in March

Money transfers to Georgia in March 2019 made up 138.4 million USD (371.4 million GEL), up 4.5% (+5.9 million USD), as compared to the same period of 2018. According to the official indicators of the National Bank of Georgia (NBG), Russia ranks first in terms of money transfers to Georgia …

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Role of Fisheries in Economic Development Discussed at Conference in Batumi

Representatives of the fishing industry gathered in the Georgian capital of Batumi for a conference entitled “Fisheries for the Economic Development of the Country”. The participants included representatives from governmental and non-governmental organisations from Georgia, Ukraine, Turkey, Norway, Azerbaijan and Armenia. Prior to the conference, participants visited fish farms in Keda …

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Eighteen Wind Power Plant Projects Submitted to Ministry of Economy

Government of Georgia has signed 18 wind power plant construction projects with various investors, the statement released by Ministry of Economy and Sustainable Development of Georgia reads. Total installed generation of all projects makes up 1200 megawatts. Expected generation will be 4654 million kw/h and total investments will make up …

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Number of Companies Exporting to EU Increased by 37%

Deputy Minister of Economy and Sustainable Development, Genadi Arveladze introduced the report on the Implementation of the National Action Plan 2018 of the Deep and the Comprehensive Free Trade Area Agreement (DCFTA) between Georgia and EU Member States and the Action Plan 2019 to the Members of the Parliamentary Committee …

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From Oligarchy to Democracy

Ukraine is getting ready for a presidential runoff vote, where a TV personality  and comedian Vladimir Zelenski will compete with the current president Petro Poroshenko. The existing situation in the country shows how political and economic systems differ in the post-Soviet countries. If we do not recall eastern dictatorial regimes, …

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Energy Transition Dialogue 2019 Held in Berlin

Deputy Minister of Economy and Sustainable Development, Natia Turnava, participated in Energy Transition Dialogue 2019 held in Berlin, Germany, where she delivered a speech on Energy Diversification and New Technologies as Preconditions for Stability and Peace in Country. Natia Turnava overviewed the global importance of the diversification of energy resources …

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George Kobulia Met with ITB Berlin Representatives

Minister of Economy and Sustainable Development of Georgia, George Kobulia held a meeting with the management of the world’s leading travel trade show – the ITB Berlin, who are having a working visit in Georgia. The ITB Berlin 2022 and the possibility to make Georgia official host of the event …

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Georgian Railway Handled Record Volume of Containers in 1Q19

Georgian Railway transported 18 000 containers in the first quarter of 2019 and this is a record volume, up 31% compared to the first quarter of 2018. Moreover, growth was recorded in other directions too. As a result, Georgian Railway is regaining the 2015-2016 growth indicators. The growth is preconditioned …

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Tbilisi-Kars Railway will Give New Impetus to Development of Tourism

The start of passenger transportation through the Baku-Tbilisi-Kars (BTK) transport corridor will give new impetus to the development of tourism in Azerbaijan, national secretary of Azerbaijan in TRACECA and expert in transport and logistics Akif Mustafayev told Trend.az. According to the expert, passenger transportation by BTK, the beginning of which …

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Agreement on Direct Flights Between Grozny and Tbilisi Reached

Direct flights between Grozny and Tbilisi are scheduled to start. Airport management of the Chechen capital officially has already expressed the desire to start flights between the sides. General Director of Grozny Airport Sultan Gambulatov says direct flights between Grozny and Tbilisi will start from May. “After the disintegration of …

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