Tbilisi transport authorities have assigned new minibuses to 11 routes in the capital city where public transportation has not been available, mayor Kakha Kaladze unveiled on February 2. The new routes in the city where the fresh fleet will now operate include: Avshniani settlement, settlements behind the 4th and 8th Gldani Microdistricts, settlements surrounding the…
A new system of fare payments for public transport has started operating in Georgia’s capital Tbilisi, introducing cards enabling unlimited transit for select time periods. In the new system, passengers are able to choose between unlimited 90-minute, single-day, one-week cards, as well as options for several month-long cards and a year-long pass. Unlimited one-day card…
The Government of Georgia is planning to purchase an additional batch of Javelin anti-tank portable missile system produced in the United States, with the Defence Ministry revealing it would benefit from a simplified purchase agreement in obtaining the modern weaponry from the country’s strategic partner. The purchase, with a total value of $26,246,866, will be…
Georgia’s trade turnover with Turkey in 2021 amounted to $2.1 billion, up by 40% YoY, the National Statistics Office (Geostat) reported. Thus, Turkey remained the top Georgian trade turnover partner over 2021, followed by Russia ($1.6 billion) and China ($1.4 million). Turkey’s share accounted for 15% of the total foreign trade turnover of Georgia in…
Plans for launching a factory of Stadler Rail, an internationally recognized rail technology company, in Georgia were discussed at a meeting between Georgia’s prime minister Irakli Garibashvili and Stadler Chairman of the Board of Directors of the company. Garibashvili and Peter Spuhler, the interim CEO of the Switzerland-based company, reviewed the possibility of building a…
Commercial banks in Georgia loaned 43.03 billion GEL and received deposits of 37.16 billion GEL in December 2021, the National Bank of Georgia (NBG) said. The volume of loans increased by 1.63 billion GEL (+3.93%) YoY. The number of deposits increased by 1.42 billion GEL (+3.96%) MoM. In December 2021, the sum of term deposits…
Georgia has exported 18,400 tons of hazelnuts between August 1, 2021 and January 23, 2022, up by 28% YoY, the Georgian Ministry of Agriculture and Environmental Protection has reported. The exports generated $84.5 million in revenue, up by $8.3 million. The export price of hazelnuts increased by 11%. Georgian hazelnuts were exported to the following…