Georgian Finance Minister Lasha Khutsishvili and South Korea’s Minister of Economy and Finance Choo Kyung-ho on May 4 discussed possibilities of increasing investments from South Korea to Georgia and highlighted the importance of launching free trade and investment protection agreements between the countries. The meeting was held as part of the 56th Annual Meeting of…
Georgian Finance Minister Lasha Khutsishvili on May 4 highlighted the “strong economic” performance of Georgia and noted its double-digit growth over the past two years despite global challenges at a Business Session of the Asian Development Bank Board of Governors. At the session held as part of the ADB’s 56th Annual Meeting on May 2-5…
Tbilisi Mayor Kakha Kaladze on May 3 announced passengers of the capital city would be able to pay taxi fares using quick response codes starting this month. Kaladze said the “innovative and fast method” would be approved for use after it was proposed by the Georgia-based fintech company BKN301 Georgia, and added their use would…
Georgian Finance Minister Lasha Khutsishvili will join finance ministers, central bank governors and government officials from Asian Development Bank member countries in the bank’s 56th annual meeting in Incheon, Korea. The Ministry of Finance said Khutsishvili would address a session entitled Reinvigorating Regional Cooperation in Central and West Asia – the Role for the Central…
The Georgian economy grew by 7.2% YoY in the first quarter of 2023 and by 7.3% in March, the latest data for the gross domestic product by the National Statistics Office of Georgia on Friday showed. The office said the estimated real growth compared to the same period of the previous year was observed in…
Hungarian budget airline Wizz Air plans to station its fourth passenger jet at western the Kutaisi International Airport in December and resume direct flights from the location to Copenhagen, United Airports of Georgia Director Irakli Karkashadze has announced. Karkashadze said a “significant agreement” had been reached with the airline enabling the airport to gradually increase…
Tbilisi Mayor Kakha Kaladze on April 26 said his office would purchase 160 new 18-metre-long buses “in the first stage” of the latest push to update and expand the public transport fleet in the Georgian capital. Kaladze said the new vehicles were planned to be purchased throughout 2024, with the first batch to be delivered…