Economy

Demand for Georgian Products Grow on International Markets, Exports up 29.4%

TBILISI(BPI)- Georgia’s foreign trade turnover in January-October 2017 marked 8.566bln USD, up 12.7% year on year. According to Geostat, national statistics service of Georgia, exports in trade turnover made up 2.203bln USD, up 29.4% year on year, as compared to January-October 2007. Imports totaled 6.363bln USD, up 7.8%. Negative trade balance marked 4.16bln USD and amounted to 48.6% in foreign ...

დაწვრილებით »

With the support of European Union, RDFG has launched employment shuttle program in Tetritskaro

TBILISI(BPI)- The first phase of Employment Shuttle program has started in Tetritskaro through the “Rural Development for Sustainable Growth of Tetritskaro Municipality” project, which is implemented by RDFG with the support of European Union (EU). After the selection process, 20 job seekers from the local community has been selected. For 5 months, they will participate in different activities of the program ...

დაწვრილებით »

Hennessy X.O Unique Odyssey Along the Legendary Silk Road

Hennessy X.O-ს უნიკალური ოდისეა აბრეშუმის ლეგენდარულ გზაზე

TBILISI(BPI)-The Silk Road Odyssey by Hennessy X.O exhibition opening took place on 14th of November in Tbilisi, Zurab Tsereteli Museum of Modern Art and will last for one week. Guests will be introduced to history of Hennessy Maison and Silk Road project exposition. For centuries, Silk Road has been the briefest way of material, custom and communication exchange. The Silk ...

დაწვრილებით »

Government Approves Changes to Enterprise Georgia Program

TBILISI(BPI)- Government of Georgia has made changes to Enterprise Georgia state program. The package of amendments was approved at the November 8 government meeting. After the meeting Marina Morgoshia, head of Enterprise Georgia agency of Ministry of Economy told reporters that the package of amendments will enhance the interest toward the program and enable the current beneficiaries to further advance ...

დაწვრილებით »

EBRD has Increased Georgia’s Economic Growth Forecast

TBILISI(BPI)- The European Bank for Reconstruction and Development is expecting  (EBRD) 4,5% economic growth in Georgia this year, which is a 0.6% increase compared with previous forecast. EBRD is expecting one of the highest growth in Georgia among Eastern Europe and the Caucasus region. The current year’s forecast for the region is as follows: Armenia 3,5% Azerbaijan – -0,5% Belarus – ...

დაწვრილებით »

New Mayor Promises to Simplify Issuance of Construction Permits

TBILISI(BPI)- Kakha Kaladze, new Mayor of Tbilisi, has met with about 30 representatives of construction and development companies. Besides technical regulations, at the meeting the parties also discussed bureaucratic barriers at Tbilisi City Hall. Issuance of building permits takes a long period, while decisions are made easily in case of distinct companies, the private sector representatives noted. Kakha Kaladze recognized ...

დაწვრილებით »

Racha Origin Fir-Trees are Being Sold in Europe

TBILISI(BPI)- Every year in Europe, 45 million Christmas trees trees are sold, 90% of these trees are from the seed that is supplied from Racha. In the tributary of the village Nikortsminda, there is growing Caucasian Sochi, same as Nordman, which is exported to the grill seed in Europe by Fair Trade since 30 years. pinecone brought from Georgia is a specially ...

დაწვრილებით »

Supporting the Extended Producer’s Responsibility in Georgia

TBILISI(BPI)- Over 70 Georgian Government officials, representatives of international and non-governmental organizations, business associations, chambers and companies will get together on November 1, 2017, 09:30, in Hotel Holiday Inn, Tbilisi, to discuss the Extended Producers’ Responsibility (EPR) in Georgia. The meeting participants will discuss the EPR models and policy instruments in developed countries, and the current situation in Georgia, including the ...

დაწვრილებით »

Pension on 1000-GEL Salary will Be 500 GEL on Average

TBILISI(BPI)- “Pensioners will receive about 500 GEL a month on averaged 1000 GEL salary saved for 30 years, excluding basic pension”, Deputy Minister of Economy Nino Javakhadze said. These calculations are not exact, because salaries, saving years and the type of risky investments may be different, Javakhadze said. Saved funds may be withdrawn in several cases: if a person dies, ...

დაწვრილებით »

E-governance Development Tendencies in Georgia

TBILISI(BPI)- Shaping E-Governance environment grows efficiency of services, governance, government’s accountability, transparency of processes. The system is represented in innovative and democratic governance and these factors ensure the strength of the country. The role of E-governance is very important for promoting a transformation of state governance environment and shaping efficient bureaucratic system. It should be noted that Georgia has achieved ...

დაწვრილებით »