The Georgian Agriculture Ministry said it was expecting an “abundant” apple harvest of between 130-135 thousand tons in the country this year. The forecast has been made by the ministry, while it also points out effects of bad weather and frequent rains, noting the latter has a “significant impact” on the quality of apples. The…
The Georgian Infrastructure Ministry on August 10 said the China Road and Bridge Corporation, the contractor company for a road rehabilitation project in the Guria region, had been fined GEL 1.7 million ($629,664) for failing to fulfill the terms of the deal on three sections of the road. The statement came in response to a…
Commercial advertising income of the Georgian television and radio broadcasters equaled GEL 19 million ($7 million) in the second quarter of 2022, down by GEL 4.1 million ($1.5 million) or by 17.5% YoY, the Communications Commission announced on August 9. Naming the recent ban of gambling ads as the main reason for the reduction in…
Georgian Railway made over GEL 191 million ($70.4) in income from freight in the first six months of 2022, the highest figure over the last seven years, the company announced on August 8. The company transported a total of 6.8 million tons of cargo in the first two quarters of the year, up by 13.3%.…
Passenger flow in western Georgia’s Kutaisi International Airport increased by 11% in July compared to the pre-pandemic figure in 2019, with the number of flights rising by 24 %, the United Airports of Georgia said on August 5. The airport serviced 93,919 passengers, while in 2019 the figure stood at 84,728. A total of 330…
The Investigative Service of the Ministry of Finance has found 22 pharmacies to be selling psychoactive drugs illegally in Tbilisi and other regions of Georgia. A large quantity of psychoactive drugs has been confiscated from the pharmacies. Police found none of the pharmacies had proper permits to sell psychoactive drugs, although they were selling various…
The National Bank of Georgia has decided to keep the refinancing rate unchanged at 11% following a meeting of its Monetary Policy Committee on August 3. The country’s financial institution highlighted inflationary risks still remained a “current global challenge”, noting elevated prices on international markets “severely affected” most countries worldwide, including Georgia. “The sanctions imposed…