Dec 14 2014 - 16:51
Georgian Airways (A9, Tbilisi) has resumed its Tbilisi to Moscow Vnukovo service after a two-day suspension aimed at protesting what it said was the skewed allocation of traffic rights in favour of Russian operators,
Dec 12 2014 - 18:49
On Friday the President of Georgia, Giorgi Margvelashvili, held a meeting with the Prime Minister of Armenia, Hovik Abrahamyan. They discussed issues of cooperation in the spheres of economics and culture.
Dec 12 2014 - 16:06
The Asian Development Bank (ADB) has agreed today to grant Tbilisi $108 million for reconstruction of city plumbing. The loan was granted within the framework of a multi-tranche financial instrument worth $500 million for plumbing reconstruction in Zugdidi and Poti and informing the population about sanitary and hygiene norms. The ADB has already approved three tranches worth $218 million, Trend reports.
Dec 12 2014 - 11:35
European Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici has approved a grant worth 46 million euros for Georgia. The sum will be transferred to Georgia in two tranches in 2015. Moscovici said that the EU was backing macroeconomic development in realization of reforms for economic growth and integration of Georgia, Trend reports.
Dec 12 2014 - 09:51
Georgian Minister for Finances Nodar Khaduri will present the project budget for 2015 at the parliament today. According to the final variant of the document, the budget will have an income of 9.875 billion laris ($1 = 1.86 laris), assignations of 9.575 billion laris, Trend reports.The real GDP growth will total 5%, GDP deflator 4%. The economic growth rate is predicted to reach 5.5%, GDP deflator 3.5-4%. The GDP will nominally total 31.9 billion laris. It is expected to reach 41.9 billion laris by 2018.