A historical bridge in the central Georgian city of Gori has reopened after an European Union-backed rehabilitation, with the 1908 structure now open for pedestrian access. The completion of the restoration of the structure – the first iron-concrete bridge built in Georgia – was revealed by Gori City Hall on January 5. In its announcement,…
Georgian Deputy Finance Minister Mikheil Dundua on January 4 announced interest rates on pension-backed loans would see annual reduction, in comments on Government initiatives for pensioners and socially vulnerable citizens. Georgian Public Broadcaster cited Dundua as saying the Government would work to apply the newly reduced upper interest rate limits for pension-backed loans to loans…
Prices on food, alcoholic beverages, housing, water, electricity, gas and other types of fuel increased in Georgia in December 2022, while prices for transportation decreased, the latest inflation data from the National Statistics Office of Georgia showed. Prices for food and non-alcoholic beverages marked a 0.4% MoM increase, including: vegetables (+3%), fish (+2.1%) and milk,…
Due to the scheduled renovation works, the Kareli-Agara-Khashuri-Surami road in the central Shida Kartli region will be closed for two days this week, the Roads Department has announced. Movement for all types of vehicles will be prohibited on the section. The department said car drivers would be directed through Surami, while trailer and semi-trailer vehicles…
Georgian Deputy Economy Minister Mariam Kvrivishvili on December 27 said one of the Chinese “leading airlines”, China Southern Airlines, would resume its regular direct flights to Georgia, highlighting China as “one of the priority” destinations for the Georgian tourism sector. Kvrivishvili said the flights would increase the number of tourists from China to Georgia and…
Georgian Prime Minister Irakli Garibashvili on December 27 said all military bases across the country had been renovated “according to international standards” throughout the past year, in his comments summarising the Government’s work in 2022. The PM also highlighted the ongoing GEL 70-million ($25.93 million) project on the NATO-standard Mukhrovani base in eastern Georgia’s Kakheti…
Commercial banks in Georgia loaned GEL 43.65 billion ($16.17 billion) and received deposits of GEL 42.62 billion ($15.79 billion) in November, the latest data from the National Bank of Georgia showed. The volume of loans increased by 0.95% MoM and the number of deposits by 0.72%. Last month, the sum of deposits made for a…