Passenger traffic increased by 5.4% in the first three quarters of 2019 compared to the same period of last year, Georgian Civil Aviation Agency (GCAA) reported. Georgian airports serviced 4,139,955 passengers in total in the first nine months of 2019. The number of passengers is about 9-10% below forecast data for that period, due to…
Sixty new Isuzu buses, purchased by Tbilisi Transport Company, have been presented by Tbilisi Mayor Kakha Kaladze. Remaining 160 buses will enter the capital city before the end of the year to replace outdated public transport. “Our goal is to replace the yellow bus fleet as soon as possible. They are outdated, uncomfortable and are…
Andrei Yarmak, economist and expert at the Food and Agriculture Organization (FAO), says that traditional Georgian dessert churchkhela has a great potential to become a successful export item, as it can be sold as a healthy dessert alternative. “In Europe, the US and many countries demand for healthy food increases very fast and supermarkets are…
The European Bank of Reconstruction and Development (EBRD) has approved $60 million to co-finance the construction of the 9-km long Kvesheti-Kobi tunnel, which forms a part of the North-South corridor. The Roads Department of Georgia reports that the Asian Development Bank (ADB) has already allocated $415 million for the construction of the Kvesheti-Kobi road and…
The Georgian GDP increased by 6.1% in July, show the latest data from the National Statistics Office of Georgia (Geostat). Geostat reported that GDP grew by 5.1% overall in January-July. In July the estimated real growth compared to the same period of the previous year was posted in the following activities: construction, manufacturing, trade, real…
The Italian city of Bologna and the German city of Cologne will soon be added as two new destinations offered by Hungarian lowcoster Wizz Air operating from Kutaisi International Airport. Starting from November Wizz Air will fly from Kutaisi to Bologna two times a week. Flights to Cologne from Kutaisi International Airport will be available…
The unemployment rate in Georgia decreased by 0.7% to 11.4% in the second quarter of 2019, said the National Statistics Office of Georgia (Geostat). In Q2 the economically active population constituted 63.7% of the working age population (population aged 15 and older). “In comparison with the same quarter of the previous year, the economic activity…