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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