Irakli Karkashadze, the Director of the United Airports of Georgia (UAG), said the development of the Queen Tamar Airport in the country’s northwestern Svaneti region was “one of the main priorities” in the body’s 2023 plans. The organisation cited Karkashadze as saying “a number of innovations” were planned for the airport, located in the mountainous…
Renovation of Tbilisi International Airport in the Georgian capital, construction of Anaklia deep-sea port on the Black Sea coast and the Khudoni hydropower plant on Enguri River in the northwest of the country were among projects highlighted by Prime Minister Irakli Garibashvili on February 6. Garibashvili noted the projects at the weekly Government meeting, saying…
Prices on food and non-alcoholic beverages, furnishings, household equipment and maintenance increased in Georgia in January, while prices for clothing and footwear decreased, the latest inflation data from the National Statistics Office of Georgia showed. Prices for food and non-alcoholic beverages marked a 1.4% MoM increase, including: vegetables (+7.6%), fruit and grapes (+2.6%), milk, cheese…
Irakli Karkashadze, the newly appointed Director of the United Airports of Georgia, announced that “large-scale” infrastructure works worth GEL 47 million ($17.87 million) were planned for the western Kutaisi International Airport. “First of all, in 2023, we will complete the design of a new 3.5-kilometer runway at the Kutaisi International Airport, as a part of…
Tbilisi International Airport in the Georgian capital will enjoy updated infrastructure including a new terminal, upgraded runway and additional aircraft stations in a project involving “several hundred million dollars”, managing company TAV Georgia announced on February 1. TAV said the work on the upgrades would be launched in the “near future”, with the reveal coming…
While annual inflation in Georgia has “passed the peak” and is on a downward trend, the country’s National Bank (NBG) will pursue a “tight monetary policy” throughout the year to “reduce the risk of rising inflationary expectations” in the medium term. The NBG made the statement following the decision of its Monetary Policy Committee to…
Georgian Economy Minister Levan Davitashvili on January 31 said the “positive trends” of the country’s economic growth from 2022 were expected to be maintained this year due to its multifaceted form over the past 12 months. The ministry cited Davitashvili as pointing to the 11% growth in December 2022 and a 10.1% increase over the…