President of Italy Sergio Mattarella and Minister of Economic Development Michele Geraci have visited Georgia this week and met with Ministers of economics and sustainable development Giorgi Arveladze and Genadi Chikovani to discuss trade and economic relations between Georgia and Italy and opportunities for increased cooperation The meeting also...
Income from tourism in Georgia has increased in 2018. In first six months of the years tourism has bought $1.36 billion to countries economy. The most of the amount was recorded in June with $325 million, which is 22% increase from the same period of last year According to...
Ministry of Economy and Sustainable Development has released the statement on its official website that Government of Georgia and Government of People’s Republic of China have conducted on the first Draft Agreement of International Passenger and Freight transportation between two countries on July 3-4 The Ministry of Economy has...
Number of passengers in leading airports of Georgia, Airport of Kutaisi and Airport of Tbilisi has increased by 30% and 28% this year, resulting in total 30% rise in passengers around the country (2,103,151 Passengers) Batumi Airport has shown increased activity as well with 44% grows from 133,424 to...
Georgia’s Minister of Finance, Nikoloz Gagua, signed loan and grant agreements yesterday with the Managing Director of the Scandinavian Environment Finance Corporation (NEFCO) and its head investments manager. NEFCO has decided to invest 2.83 mln EUR in a project to help make public buildings in Georgia more energy efficient....
On July first The prime minister of Georgia has announced that small businesses will be taxed with new regime and will pay minimum tax burden (1%) this has also given the new definition to small businesses, whose annual income does not exceed 500 000 GEL New regime has already...
Georgia has signed FTA (free trade agreement) with hong kong, according to the ministry of economy and sustainable development the FTA was negotiated in 2016 and aims to the eliminate or reduce tariffs, the liberalization of non-tariff barriers, ensure the flexibility regarding rules of origin to facilitate bilateral trade,...
According to the report of department of tourism and resorts of Adjara the number of tourists in first 2 quarters of 2018 has increased by 23%. The report states that 808 437 tourists have visited Adjara region in 2018 so far. Dolphinarium, botanical gardens of Batumi, cable way, Mtirala...
On July 11th National Bank of Georgia had bought 10 million USD in order to strengthen the national currency. Georgia has faced drastic fall in value of national currency in 2016 and it has been fluctuating since then. The value of Georgian Lari today is 2.4401$. Change in currency...
the global inclusion award was held at Riyadh, Saudi Arabian on July 3rd, the initiative honors those who thrive to better the economic citizenship of children and youth at the national, regional and international level. National Bank of Georgia has won the award in 2018, beating Federation of...