CONTEST OF PROJECT IDEAS HAS BEEN ANNOUNCED WITHIN A PROJECT FUNDED BY THE EU AND GERMANY

Within frameworks of the project “EU4ITD – Catalyzing Economic and Social Life” (CESL), funded by the EU and Germany, a competition of project ideas has been announced. Acceptance of applications will end on May 31. More...

GEORGIA AND UZBEKISTAN TO COOPERATE IN DEVELOPMENT OF STARTUP ECOSYSTEM

Georgia and Uzbekistan signed an action plan for cooperation in development of the startup ecosystem, Georgian Ministry of Economy and Sustainable Development reported. The document was signed within the framework of the visit of the Ministry’s delegation to Uzbekistan. More...

MEMBER OF GEORGIAN COMMUNICATION COMMISSION: WITHIN FRAMEWORK OF “LOG-IN GEORGIA” PROJECT, OPTICAL TRUNK LINE OF 1,300 KM WAS BUILT

Within frameworks of the current “Log-in Georgia” project, OpenNet company has built already 1,300 km of optical trunk cable, reported Vakhtang Abashidze, member of Georgian National Communication Commission. This provides internet access for 150,000 residents, he noted. More...

TBILISI CITY HALL ANNOUNCED NEW TENDER FOR PROVISION OF HOUSING TO VICTIMS OF COOPERATIVE CONSTRUCTION

For decades, about 3,500 families could not get apartments, for which they had paid within cooperative construction, but as of today, we satisfied already up to 2,500 people, declared Tbilisi Mayor Kakha Kaladze.

To provide housing to the remaining families, bidding was additionally invited for development of a land plot nearby to Mount Makhata, the Mayor said at the city government meeting on March 26. More...

BUDGET FOR 2025AND STAFF LIST OF GEORGIAN NATIONAL WINE AGENCY APPROVED

On March 21, Georgia’s government issued an order, which approves the budget for 2025 and staff list of the National Wine Agency.

Receipts of the Agency in 2025 are set at 85.18 million lari, including budget funds of 81.18 million lari. More...

GEORGIAN NATIONAL WINE AGENCY CONTINUES COOPERATION WITH AMERICAN MARKETING COMPANY

Georgian National Wine Agency signed a contract with the American marketing company Colangelo&Partners. Since 2022, this company has been promoting Georgian wine in the US market under the contract with the Agency. More...

NEW DIRECTOR APPOINTED IN GEORGIAN RURAL DEVELOPMENT AGENCY

Giorgi Darchia was appointed director of the Rural Development Agency, Georgian Ministry of Environment Protection and Agriculture reported.

According to the Ministry, Darchia has many-year experience of work in financial organizations both in Georgia and abroad. More...

NAVIGATION RULES FOR GEORGIA’S INLAND WATERWAYS APPROVED

On March 26, director of Georgian Maritime Transport Agency issued an order, which approves navigation rules for the country’s inland waterways. The order enters into force on April 1. More...

Tabula: “IVANISHVILI’S GOVERNMENT WILL ASSIST THE LEAST DEVELOPED COUNTRIES WITH $10,000”

Georgia will provide assistance to the least developed countries in the amount of $10,000. This is envisaged by order of Georgia’s Prime Minister Irakli Kobakhidze of March 21. More...

Rezonansi: “COST OF HYDROELECTRIC POWER STATIONS’ CONSTRUCTION HAS INCREASED, COMPANIES ARE DISSATISFIED WITH SET ELECTRICITY TARIFF”

The cost of materials used in the construction of hydroelectric power stations in Georgia has increased significantly, former Georgian Energy Minister David Mirtskhulava indicates. Developers of hydroelectric power stations cannot balance expenses and income, which creates problems for them, he says. More...

Bankebi da Finansebi: “GIA MORCHILADZE ELECTED CHAIRMAN OF THE PENSION AGENCY’S MANAGING BOARD”

The newly appointed managing board of Georgian Pension Fund held the first meeting. At the meeting, Gia Morchiladze was elected the board chairman, while Theona Guntsadze was elected his deputy. More...

Bankebi da Finansebi: “GRAND CHAMBER OF EUROCOURT UPHELD THE DECISION ON GEORGIA’S VIOLATION OF ARTICLE 6 OF THE EUROPEAN CONVENTION”

On March 17, the Grand Chamber of the European Court of Human Rights decided to reject the complaint of Georgia’s government, organization Young Lawyers reports. The government appealed against the ruling of European Court, made in August 2024. More...

QUARTERLY TOURISM UPDATE (TOURISM INDICATORS IN 2024)

SUMMARY

In 2024, a total of 6.5 million international visits to Georgia were recorded, marking a 4.6% increase compared to 2023 (but still only reaching 83.6% of the corresponding figure in 2019). The year-on-year (YoY) rise was driven by a 9.2% increase in overnight trips, while same-day trips declined by 9.0%. More...