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Economy

Economy Minister Visits Electric Transport Manufacturing Company in Belarus

Economy Minister Visits Electric Transport Manufacturing Company in Belarus

Together with the Georgian delegation, Georgian Economy Minister Natia Turnava has visited BelCommunMash, the leading Belarusian public electric transport manufacturer, and Chinese-Belarus industrial park in Minsk. At BelCommunMash, the Georgian delegation was updated on production of electric buses and the delegation members saw the Holding-manufactured electric vehicles. The Belarusian officials expressed readiness to expand cooperation […]

  • by admin
  • February 24, 2020
  • Economy
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Georgia Exported 519 Tons of Garlic in 2019

Georgia Exported 519 Tons of Garlic in 2019

Garlic is an only product that Georgia-EU free trade agreement limits to export to EU market. This signifies Georgia is authorized to export only 220 tons of garlic a year without customs taxes. Higher volumes will be subjected to EU taxation regime. As examined, the quotas serve to protect the EU market from Chinese garlic, […]

  • by admin
  • February 24, 2020
  • Economy
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Georgia’s Protected Areas Expanding – Erusheti National Park to be Created

Georgia’s Protected Areas Expanding – Erusheti National Park to be Created

According to Gakharia, Erusheti National Park will be created at the decision of the Government. Located in a border zone, the park will be vitally important in terms of both bolstering trans-border cooperation and protecting Red List species. “Another important decision we are taking today concerns protected areas. As you know, the area of Georgia’s […]

  • by admin
  • February 24, 2020
  • Economy
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Georgia increases walnut exports

Georgia increases walnut exports

The revenue of Georgian companies from the export of in-shell walnuts and walnut kernels for the first time exceeded $ 1 million in 2019. EastFruit analysts say that Georgia, which has long been a major net importer of walnuts, dramatically increased exports of this product. In 2019, exports of walnut kernels from Georgia increased 10-fold […]

  • by admin
  • February 17, 2020
  • Economy
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IMF Predicts Georgia’s Economic Growth Will Be 4.3% in 2020

IMF Predicts Georgia’s Economic Growth Will Be 4.3% in 2020

An International Monetary Fund (IMF) team, led by Ms. Mercedes Vera-Martin, visited Tbilisi during February 5-11, 2020 to discuss recent economic and financial developments and progress with structural reforms. At the end of the visit, Ms. Vera-Martin issued the following statement: “Georgia’s growth remains strong. According to preliminary estimates, real GDP grew 5.2 percent in […]

  • by admin
  • February 17, 2020
  • Economy
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New Tender Announced for Anaklia Deep-Sea Port

New Tender Announced for Anaklia Deep-Sea Port

Natia Turnava announces a new tender on Anaklia deep-sea port project. Minister of Economy says transparent tender will reveal new investor. According to Natia Turnava, new tender procedures will start soon and the Ministry of Infrastructure will review the conditions with the involvement of the Ministry of Economy. The Minister reiterates the priority of Anaklia […]

  • by Giorgi
  • February 13, 2020
  • Economy
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Bulgaria and Georgia Discuss Cooperation in Transport and Communications

Bulgaria and Georgia Discuss Cooperation in Transport and Communications

The rich potential of cooperation exists between Georgia and Bulgaria, especially in the areas of transport and communications. Full deployment of this potential in the Black Sea neighborhood acquires great importance. It was noted at the meeting between the Prime Ministers of Georgia and Republic of Bulgaria held within the scope of the World Economic […]

  • by Giorgi
  • February 13, 2020
  • Economy
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Container Shipping Rates by Transcaspian International Transport Route (TITR) are Record High

Container Shipping Rates by Transcaspian International Transport Route (TITR) are Record High

Under the leadership of Director General David Peradze, the Georgian Railway delegation attended the meeting of the International Association of Transcaspian International Transport Route (TITR) in Almaty, Kazakhstan. Members of the Association summarized the results of 2019 and noted that in 2019 the container freight shipped by the Caspian Sea increased by 71% (10.7 tens […]

  • by Giorgi
  • February 13, 2020
  • Economy
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