According to National Statistics Office of Georgia (GEOSTAT) in 2017 international tourists have spent 5.761 billion Georgian Laris in Georgia which is 21.8% more than in 2016 The average spent on one visit was 888.7 Gel. According to GEOSTAT majority of the money tourist spend on food and drinks,...
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...
On the tributary of Enguri River in Svaneti a construction on Nenska Hydropower Plant has launched, JSC Partnership Fund and Korean K-Water company will be constructing the Plant together. “The Nenskra project itself is somewhat unique for Georgia and represents a huge source of experience and expertise. On top...
David Peradze, CEO of Georgian Railway, and Alexander Doll, Member of the Board of Management for Freight Transport and Logistics at Deutsche Bahn have signed the final partnership agreement. The agreement ensures further joint projects in the rail freight sector and aims to strengthen the relationship between European...
In june 2018 the Digital Economic Association of Georgia (DEAG) has been established in Tbilis with more than 50 members already working to implement Blockchain Technologies in Georgia’s economy. Blockchain has already been implemented in several government sectors of Georgia and it does not seem to stop here. The...
Georgia’s Vice-Premier and Economy Minister, Dimitry Kumsishvili, and the Minister of Economy and Industry of Israel, Eli Cohen, signed a declaration on launching a feasibility study on free trade agreement negotiations between Georgia and Israel in Tbilisi, Georgia “I am sure that this process will give us a positive...
Another one of world’s best known brands to enter Georgian market. Starbucks will be opening its first store in Georgia in late 2018. Starbucks is American coffee company and coffeehouse chain that has been operating since 1971 and was founded in Seattle Washington. Starbucks is one of many international...
Georgian-Swiss company Blauhuenstein Georgia is a meat production and preservation company based in Georgia. The company is planning to increase it’s investment in Georgia due to the success it has seen in the country, resulting from the bettering state of Georgian economics. The company has already invested 27 millio...
Georgia’s mains spa town Tskaltubo will receive 30 mln for development and contruction as announced by the ministry economics and sustainable development The investment will transfer the area into mining place to harvest and process minerals Over three years, multiple tranches of money will accumulate to a total 30...
International congress and Conversion Association has released 2017 ratings and Georgia has improved its rank compared to 2016 by 6 points. The ranking reflects on total number of meeting in the country and number of attendees. The Convention and Exhibition Bureau has 44 members of the business community from...