The National Bank of Georgia is keeping the refinancing rate unchanged at 11% following a meeting of its Monetary Policy Committee on May 11. The NBG explained that the Russian invasion of Ukraine had created “new risks” for the economy, leading to the decision of the Committee that makes decisions on changes to monetary policy…
Construction works on 88 bridges and 51 tunnels are “actively underway” at the Rikoti Pass, a mountain section dividing Georgia into its eastern and western parts, the Roads Department announced on May 10. The state body said the works were intended to speed up travel across the Pass, with an “almost doubled” traffic speed anticipated…
Georgia’s Civil Aviation Agency on May 7 rejected as “unverified and baseless” a report by the opposition-minded Formula News outlet that claimed earlier during the day an aircraft owned by the sanctioned Russian oligarch Evgeny Giner had been allowed to be parked at the Tbilisi International Airport “for nearly a month now”. The Agency said…
The Georgian National Food Agency has fined 20 slaughterhouses across the country for violating hygienic norms. In its reveal of the inspection results, the Agency said inspection of slaughterhouses as “high-risk facilities” for health matters was its priority. A total of 302 state controls have been carried out in slaughterhouses across Georgia so far this…
Tbilisi International Airport will be able to receive larger aircraft following an upgrade that has seen the construction of an additional lane and a taxiing pitch, the country’s Economy Ministry has announced. The upgrades will increase both capacity and safety of the runway of the airport and will reduce the take-off and manoeuvring time for…
Georgia and the Czech Republic have signed an agreement on priority directions in trade and economic relations between the two countries, the Georgian Economy Ministry announced on May 2. The agreement was revealed during the 6th Session of the Intergovernmental Commission on Economic Cooperation, where questions of deepening relations in trade, investment, energy, transport, tourism,…
About 150 Georgian wines were presented to visitors of an event organised in London, the National Wine Agency of Georgia announced on May 2. Hosted by Sarah Abbott, the Director of Swirl Wine Group, a contractor of the Georgian Agency, the event was attended by over 70 guests including sommeliers, professionals of the field and…