- Cooperation between Georgian Government and World Bank – PM of Georgia Mr. Giorgi Gakharia hold a meeting with the Regional Director of the World Bank Mr. Sebastian Molineus. Both parties emphasize an effective and successful cooperation between Georgia and the World Bank in terms of action plan for vaccination, European integration, the most positive impact on the country’s economy and social security reforms: “The World Bank stands ready to continue delivering its support towards developing the infrastructure connecting Georgia with the EU, including the implementation of regional projects of strategic importance. At the same time, the World Bank intends to enable the government effort towards COVID vaccination” – noted PM Gakharia.
According to World Bank overview the Deep reforms in economic management and governance have earned Georgia a reputation of “Star Reformer.” To bolster the private sector, Georgia has introduced rules and regulations that make it easier To Do Business, and the country’s international ratings on governance and the investment climate have soared. The World Bank has been having one of the most diversified investment portfolios in Georgia and its funding has reached 2.7 billion USD so far. Only in 2019, The World Bank’s projects in Georgia included: Georgia I2Q – Innovation, Inclusion and Quality ($102.7 million), Energy Supply Reliability and Financial Recovery ($70.7 million), Energy Supply Reliability and Financial Recovery Guarantee ($50 million).
See the full project list here.
- Regular Flights in Georgia to resume from February – According to Minister of Economy and Sustainability of Georgia, International flights will resume in Georgia starting from 1st of February. All airline companies that have already operated or plan to enter the country’s aviation market in the future will be able to operate regular flights. However, international flights will be carried out in accordance with the rules of all medical protocols and Covid 19 restrictions.
- “Remotely from Georgia” – Over 2,000 individuals have applied for “Remotely from Georgia”, a state programme launched last year to enable foreign citizens to work in the country during the pandemic. As the Georgian National Tourism Agency released its update on the initiative, citizens from 90 countries had applied to travel to, and work from, Georgia between its launch in late August 2020 and January 17, 2021. The State program invites Freelancers, full-time employees and business owners to fill out the application form: https://registration.gov.ge/pub/form/20/ydrv71/ for their stay and work in the country, and required to undergo a 12-day hotel quarantine and a subsequent PCR test related to COVID-19.
- Export volumes of mandarins have increased – 36.7 thousand tons of mandarins were exported from August 2, 2020 to January 24, 2021 and proceeds from sales amounted 17.9 MLN USD. Export volumes of mandarins in the semi-annual period have increased by 22% compared to the respective period of the previous year.
