The next meeting of the Ukraine-Georgia Joint Intergovernmental Commission on Economic Cooperation is to be held in September, President Volodymyr Zelensky has said. The Commission’s main task is to intensify trade and economic cooperation between the two countries, Zelensky said at a joint press conference with President of Georgia Salome Zourabichvili in Kyiv. “I am…
Georgia’s external trade turnover amounted to $3.92 billion in January-April, up by 12.8% YoY, preliminary data from the National Statistics Office of Georgia (Geostat) showed. The value of exports increased by 19.6% and totaled $1.19 billion, while imports increased by 10.1%, amounting to $2.73 billion. The trade deficit of Georgia in January-April amounted to $1.53…
The nominal gross domestic product (GDP) amounted to 49.40 billion GEL in 2020, up by 0.3% YoY, while the real growth of GDP reduced by 6.2%, preliminary data from the National Statistics Office of Georgia showed. The largest shares of GDP by activity were held by: wholesale and retail trade; repair of motor vehicles and…
SkyUp Airlines will launch flights on the Kyiv-Tbilisi-Kyiv route twice a week from February 4. According to a representative of Tbilisi International Airport, regular flights between Georgia and Turkey on the Tbilisi-Istanbul-Tbilisi route will also be launched from February 4. Pegasus Airlines will operate flights five times a week. Starting from March, flights are planned…
From January 20 the Enguri hydro power plant (HPP), the largest electricity producer of Georgia that supplies its Russia-occupied region of Abkhazia, will be closed for repairs for three months. Economy Minister Natia Turnava has announced that while the dam is closed, Abkhazia will receive electricity imported from Russia. “Shutting down the Enguri HPP will…
“I congratulate everyone on the commencement of gas supply from the Shah Deniz field to the European Union through the Southern Gas Corridor pipeline system,” said Natia Turnava, Minister of Economy and Sustainable Development. According to her, the project is crucial for strengthening Georgia’s energy independence. “This project is important for Georgia, as the host…
Changes have been made to the state program of “Produce in Georgia” that will benefit local event companies and farmers, Economy Minister Natia Turnava has announced. Following the changes, event companies will also be involved in a credit guarantee mechanism that will enable them to get subsidized bank loans for 12 months. Turnava said this…