“FEVER CENTERS” TO BE PREPARED IN ALL REGIONS OF GEORGIA

Georgian government declared that so-called “fever centers” will be prepared in all regions of the country. Such decision was made at today’s meeting of interdepartmental coordination council on COVID-19 coronavirus pandemic. More...

ECONOMY MINISTER: NOW, OVER 4,200 PEOPLE ARE PLACED IN QUARANTINE MODE IN 64 HOTELS

Georgia’s Minister of Economy and Sustainable Development Natia Turnava reported that currently, over 4,200 people are placed because of COVID-19 pandemic in quarantine mode in 64 hotels of the country.

“Though, following the need, number of quarantine spaces grows daily and in such situation, support from hotels is extremely important”, Turnava pointed. More...

IN 2019, GEORGIA’S FOREIGN DEBT MADE UP 105.1% OF GDP

National Bank of Georgia (NBG) reported that total foreign debt of the country amounted as of December 31, 2019, to $18.6 billion, making up 105.1% of GDP for 2019. As of December 31, 2018, the volume made up $17.8 billion, or 109.6% of GDP for 2018. More...

IN 2019, NEGATIVE BALANCE OF GEORGIA’S PAYMENTS MADE UP 5.1% OF GDP

National Bank of Georgia (NBG) reported that negative balance of the country’s international payments amounted in 2019 to $897.3 million, making up 5.1% of GDP for 2019. Negative balance for 2019 is “historically the lowest”, NBG noted. More...

IN Q4 OF 2019, GEORGIA’S NET INTERNATIONAL INVESTMENT POSITION WORSENED BY $1B

National Bank of Georgia (NBG) reported that net international investment position of the country as of December 31, 2019 was negative, amounting to $23.8 billion. This indicator has worsened quarter-on-quarter by $1 billion (by 4%). More...

WITHIN THE PROJECT OF POTI PORT EXPANSION, “APM TERMINALS” GOT PERMISSION ON FIRST STAGE LAND USE

“After detailed studying and expert examination of documents”, presented by APM Terminals, “we issued permission on the first stage land use” within the project of Poti seaport expansion, Georgia’s Minister of Economy and Sustainable Development Natia Turnava declared today.

She stressed that this is not the final permission, and the project’s details and structure still need specification, while environmental impact assessment report has to be prepared. More...

CRITERIA FOR EVALUATION OF ACTIVITY OF WATER SUPPLY COMPANIES ARE DEFINED

Georgian National Energy and Water Supply Regulating Commission approved today criteria for evaluation of activity of water supply companies. Existing level and target marks of key indicators is individually determined to the companies, the Commission said. More...

RULES OF CERTIFICATION OF TRANSMISSION SYSTEM OPERATOR ARE APPROVED

Georgian National Energy and Water Supply Regulating Commission approved today rules of certification of operator of transmission system in sphere of electricity and natural gas. The rules fully envisage requirements of European directives, the Commission pointed. More...

Kviris Palitra: “STATE ASSISTANCE PROGRAM WILL WORK IN TWO DIRECTIONS”

Georgia’s Minister of Economy and Sustainable Development Natia Turnava declares in interview to the newspaper that the state assistance program, aiming mitigation of negative impact of coronavirus pandemic, will work in two directions.

Assistance will be provided to those businesses, which will maintain jobs as a result of this assistance, as well as to citizens, who were left without job, the Minister explains. More...

Tabula: “DAVITASHVILI: THERE WILL BE NO PROBLEM IN BREAD SUPPLY, PROCESS OF PRODUCTION IS CONDUCTED UNINTERRUPTEDLY”

Georgia’s Minister of Environmental Protection and Agriculture Levan Davitashvili says that continuous monitoring is carried out in respect of uninterrupted bread production and bread price maintenance.

“For today, stocks are more than enough, process of production is conducted smoothly”, Davitashvili declared after visit to bread-baking plants. More...

Bankebi da Finansebi: “LEZHAVA – MONETARY POLICY WILL NOT BE EASED UNTIL RISKS OF PRESSURE UPON INFLATION ARE SOFTENED”

Vice-president of the National Bank of Georgia (NBG) Papuna Lezhava said that toughened monetary policy will be maintained because of those risks, which exist in respect of pressure upon inflation.

“As soon as we will see that these risks are softened, we will ease the monetary policy”, Lezhava declared on air of Business Partner program of Public Broadcaster. More...

Bankebi da Finansebi: “NIKA NANUASHVILI – WE HAVE TO START HUNTING AFTER INVESTORS AND INVESTMENTS”

Nika Nanuashvili, legal director of Georgian Business Association, forecasts that at most in 2 months, the mankind slowly, but steadily will start returning to usual rhythm of life, broken because of coronavirus pandemic. The economy slowly, but steadily will begin recovering, he notes. More...

MONTHLY TOURISM UPDATE (FEBRUARY 2020)

- In February 2020 compared to February 2019, International visitor trips decreased by 0.6%. Among them, the number of tourists increased by 4%. More...