The UN predicts that more people will die from malnutrition linked to the economic crisis than from the coronavirus itself.
Category: Economy
Economic and business news in Georgia and Batumi
Georgia will allocate another $185 million to help the population
Georgia will allocate another $185 million to help the population. The assistance budget will amount to 610 million lari, Giorgi Gakharia announced. – Prime Minister of Georgia, writes Georgian news. Read also: B…
Georgia leads in reduction of air travel in Europe
Georgia is leading the decline in air travel among European countries. The number of flights in Europe has decreased by 6.5 million flights over the past year, writes Eurocontrol (European Organization for the Safety of Air Navigation) in a report.…
Georgia plans to restore flights from February 2021
This was announced by the Minister of Economy and Sustainable Development of Georgia Natia Turnava as part of the 2020 report
The number of foreign guests in Georgia decreased by 91.6%
According to a report published by the National Tourism Administration of Georgia, in November 2020, 45,363 international visitors visited Georgia, which is 91.6 percent less than in the same period last year.
Water tariffs will be increased in Tbilisi in 2021
The water tariff in Tbilisi will be increased in 2021. NEURG decided to increase the water tariff in Tbilisi. For subscribers whose homes are equipped with water meters, the price …
Georgia will increase pensions from January 2021
In Georgia, pensions will be increased from January 2021 by 20 lari for pensioners under 70 years of age, and by 25 lari for those over 70 years old. In 2021, by…
A textile factory with 4,000 jobs was opened in Rustavi
Georgian-Turkish company “Adjara Textile” opened a textile factory with 4,000 jobs in the city of Rustavi.
National Bank of Georgia - 67% of Georgians repay loans
National Bank of Georgia – 67% of Georgians repay loans, stated the head of the National Bank of Georgia (NBG) Koba Gvenetadze.
The state will forgive income tax from 750 lari
According to the amendments, from December 1, the employer will have the right not to pay 750 lari in income taxes per month when calculating employee salaries.
Bitcoin price reached $25,000
Bitcoin price reached $25,000. Reported by the CoinDesk portal. The price of the Bitcoin cryptocurrency rose to $25,000 per bitcoin on Friday evening.
There will be fluctuations in the lari exchange rate in Georgia in 2021
Strengthening macroeconomic risks and difficult socio-economic years lie ahead. The economy will return to pre-pandemic levels by the end of 2022 at best.
UK and EU agree on #Brexit deal
The UK and the European Union agreed on a deal (trade agreement after leaving the European Union) on Brexit, which could not be agreed upon for more than a year
Tax benefits for tenants of municipal property in Tbilisi
The Tbilisi City Hall exempted tenants of municipal property from rental taxes from December to December.
Enguri HPP will stop working for 4 months
The largest hydroelectric power station in Georgia will suspend its operation at the beginning of 2021. This was announced by Georgian Minister of Economy and Sustainable Development Natia Turnava, Georgian news reports. Read also: Tbilisi…
Brexit without a deal and what does Georgia have to do with it?
Everyone knows that Great Britain has decided to leave the European Union. The process of Britain leaving the EU has been called “Brexit”. But it turned out to be not so simple. Both the UK and the EU want to secure a better position for themselves…
Forecast of GDP, trade balance and inflation rate in Georgia 2021
ISET-PI updated its growth forecast Forecast of GDP, trade balance and inflation rate in Georgia
Tbilisi Energy will not increase gas tariffs in Georgia
Gas supply company Tbilisi Energy will not increase gas tariffs in Georgia for commercial consumers, the acting company announced today. Minister of Economy Natia Turnava. She noted that the Ministry of Economy has repeatedly communicated with Tbilisi…
Georgian real estate market analysis 2021
Before going to Georgia, many watched various videos and read many articles about Georgian real estate. The most memorable of this information – beautiful…