Georgian deputy economy minister Mariam Kvrivishvili on November 8 announced the country’s authorities had started talks with easyJet airline for resuming direct flights between London and Tbilisi. Kvrivishvili made the announcement following her meeting with airline representatives at the global travel and tourism event World Travel Market London. The deputy minister said resumption of direct…
Georgian parliament speaker Shalva Papuashvili on November 8 met with representatives of Tokyo Electric Power Company and Itochu Corporation to promote Georgia’s investment and transit potential. At the meeting with Masaki Honda, the managing director of TEPCO, Papuashvili welcomed the purchase of a 31.4% stake in the Georgian company Dariali Energy by TEPCO Renewable Power,…
Georgian authorities and the International Monetary Fund have reached a staff-level agreement on policies for completion of the first review of the stand-by arrangement following “productive discussions” between the parties, which will allow the organisation to allocate $38 million for the country, the IMF announced on November 7. The fund’s mission visited Georgia on October…
Georgian finance minister Lasha Khutsishvili on November 7 said the country’s partnership with the International Monetary Fund was “particularly important” in light of “current challenges” created by the conflict in Ukraine. Khutsishvili made the remark at a press briefing with James John, the head of the IMF team, who summarised the fund mission’s visit to…
TAV Georgia, the company operating Tbilisi and Batumi airports, said passenger traffic increased at both venues compared to 2021. Tbilisi airport serviced 332,999 passengers in October, up by 67% YoY and by 17% from the pre-pandemic figure from 2019, the company said. Batumi airport serviced 52,536 passengers, up by 17% and by 11% respectively. In…
The United States Agency for International Development is launching a five-year programme designed to create jobs and improve livelihoods of people living in over 90 communities along the administrative line separating the Russia-occupied regions from the rest of the country. The organisation said the $24-million initiative would aim to help residents in realising “their full…
Koba Gvenetadze, the governor of the national bank of Georgia, on November 2 said the financial institution expected domestic inflation to begin to decline from February and approach the target level in the second half of 2023. Gvenetadze warned if inflation exceeded expectations, the development would lead to a wage-price spiral – a prolonged loop…