FlyArystan Airlines has launched regular flights between Kutaisi and the city of Shymkent (Kazakhstan), the Association of Airports of the Ministry of Economy of Georgia reports. The first flight was carried out on July 14. Shymkent has become the fourth city in Kazakhstan from which regular flights to Kutaisi are carried out. Currently FlyArystan also…
Georgia received $201.9 million from abroad in June, up by 19.3% YoY, the National Bank of Georgia reported. Russia ($39.08 million), Italy ($31.70 million) and the United States ($24.98 million) were the largest remittance senders in June. Overall, the vast majority (94.3%) of all money transfers from abroad came from 19 countries. Last month, remittances…
The value of Turkey’s cement exports to Georgia increased by 2.3% YoY in January-April, amounting to $13.1 million, the Turkish Ministry of Trade reported. “In April, the volume of cement exports from Turkey to Georgia rose 1.3-fold, to $3.78 million,” the ministry said. (AzerNews/Business World Magazine)
Only 3% of women employed in Georgia are entitled by law to use full-time paid maternity leave, a new report published by the International School of Economics at Tbilisi State University (ISET) and the UN Women shows. “There are exceptions when the employer pays women compensation voluntarily”, reads the report. The report says that the…
The European Union (EU) will allocate EUR 3.9 billion to help Georgia improve transport and logistics connectivity, Georgian Prime Minister Irakli Garibashvili has announced after the meeting with European Commissioner for Neighbourhood and Enlargement Oliver Varhelyi. The EUR 3.9-billion aid package consists of a EUR 1.17-billion grant and the rest is a loan. Varhelyi said…
Economy Minister Natia Turnava has presented a 10-year economic development strategy, which covers 12 major areas, ranging from small business empowerment and investment attraction to specific development policies and quantitative indicators in each key area that the country should achieve until 2025 and 2030. “Our main task in the near and medium-term will be to…
Georgian Prime Minister Irakli Garibashvili projects the Georgian economy to grow by 7.7% this year, while the nominal gross domestic product (GDP) will amount to 57.2 billion GEL (about $18.13 or EUR 15.27 billion). “When we started opening up the economy and removing regulations four months ago, it created quite positive expectations in business and…