Georgian Economy Minister Introduced Georgia’s Economic Development Long-term Vision – “Economy 2030” The Economic Development Strategy was developed within the framework of a 10-year Government plan initiated by the Prime Minister of Georgia. The economic policy of the Government of Georgia is aimed at the inclusive growth, large-scale involvement of the citizens in the economic…
GDP growth rate reaches 25.8% in May 2021 – The estimated real gross domestic product (GDP) growth rate in May 2021 amounted to 25.8% year-on-year and 11.5% in January-May of 2021 year-on-year. Last month the following industries of the economy posted growth compared to the same period of the previous year: Manufacturing Financial and Insurance…
A Georgian company producing bacteriophages, Biochimpharm, has received a grant of $150,000 from the EU and FAO to support PowerPhage production, a natural, bacteriophage antimicrobial veterinary solution which reduces the use of antibiotics in meat production with a focus on poultry farms. The matching grant is a part of a total $1 million investment raised…
Georgia, a country with a population of 3.7 million citizens has in recent years positioned itself as a growing and developing country that is embracing Western culture while maintaining its glorious cultural and historical identity. Until the covid-19 pandemic spreaded globally, Georgia presented growth in almost every economic and commercial parameter. International companies such as…
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– TOP-10 TRADING PARTNERS OF GEORGIA – In Q1 2021, the share of the top ten trading partners by exports in the total exports of Georgia amounted to 78.2%. The top partners were China (USD 198.7 million), Russia (USD 159.6 million) and Azerbaijan (USD 152.2 million), shows the preliminary data from Statistics Office of Georgia.…
– World’s most expensive wine producer to start producing wine in Georgia – Influential French winemaker Loic Pasquet, founder of the company Liber Pater and producer of the world’s most expensive wine is interested in launching his first project in Georgia together with the local wine company “Askaneli” which aims to bring Georgian wine to…
– Slovakian Former Finance Minister to Become FDI Adviser to Georgian PM -The Prime Minister of Georgia Irakli Gharibashvili appointed Vazil Hudak, former Vice-President of the European Investment Bank and former Minister of Economy of Slovakia, as Foreign Investment Advisor. “Government of Georgia working on a new economic recovery plan in the difficult situation caused…
מעבר לסנטימנט הנוסטלגי הישראלי כלפי התעשייה בארץ, קיימת חשיבות עליונה כי כל מדינה תשמר לעצה יכולת ייצור ולא תסתמך על רכישת תוצרים ממדינות זרות עם הקמתה של מדינת ישראל, הציבה לעצמה המדינה יעד מרכזי, והוא פיתוח התעשייה בישראל הממשלה הפנימה באותן ימים, כי מאחר והמדינה אינה משופעת במשאבים טבעיים, מוטב לה כיעד מרכזי לקבוע פיתוח…
Georgia signs deal with OMV Petrom for oil and gas extraction in Georgian Black Sea waters Largest Eastern European oil company and one of the ten largest oil giants in Europe OMV Petrom and the State Agency of Oil and Gas of Georgia have today signed an agreement on extracting oil and gas on the…