TBILISI, DFWatch–Direct foreign investments in Georgia was 11 percent less in 2015 than in 2014, according to precise data published Monday by Georgia’s National Statistics Department, GeoStat.
According to the report, the amount of investments
Economy
Russian lawmakers demand punishment of Georgia for joining EU sanctions
TBILISI, DFWatch–A group of lawmakers in the Russian Duma are preparing to demand that the Kremlin take punitive measures against Georgia for joining the European Union’s economic sanctions against Russia.
The Duma’s foreign relations committee is working
Georgia notes 18% rise in number of tourists in first half of 2016
TBILISI, DFWatch–The number of foreign visitors to Georgia went up 12.9% and the number of tourists 18.1% in the last six months, the National Tourism Administration said on Monday.
The latest figures confirm that Georgia continues to attract more visitors.
UAE signs USD 32 million contract with Georgia’s Delta
TBILISI, DFWatch–The United Arab Emirates has signed a contract to buy military equipment worth USD 32 million from the Georgian state-owned company Delta.
Delta’s former director Ucha Dzodzuashvili said the first batch of equipment
Georgian businessman to open McDonald's in Armenia
TBILISI, DFWatch–A Georgian businessman may open the first ever McDonald’s restaurant in rival Armenia, Sputnik Armenia reports.
The news agency reports that the opening of the first of the chain’s restaurants in Armenia was decided at a meeting
Foreign investments in Georgia in Jan-Mar: up 103% from 2015
TBILISI, DFWatch–Georgia’s direct foreign investments in the first quarter of 2016 was 103 percent more than in the same period last year, Georgia’s National Statistics Office writes in a preliminary report.
Investments in the first quarter amounted to USD 376 million.
Georgian Manganese loses lawsuit over GEL 200 million tax penalty
TBILISI, DFWatch–The company Georgian Manganese, which owns manganese mines in Chiatura and a ferro-alloy plant in Zestaponi, lost a court case against the government on Tuesday and must pay a 200 million laris (USD over 88.2 million) tax penalty
Car dealers demonstrate against ban on right-hand drive vehicles
TBILISI, DFWatch–Car dealers demonstrated in Rustavi on Friday against the government’s initiative to ban the registration of cars with right-hand drive from 2017.
The protest took place at Georgia’s largest car market, located in Rustavi,
Gori wind farm expected to start producing electricity in December
TBILISI, DFWatch–Construction of wind a farm in Gori, 80km west of the capital, will be completed by the end of 2016, according to the Energy Ministry.
Deputy Energy Minister Irakli Khmaladze said the power station
Georgia's foreign trade Jan-Feb down 2%
TBILISI, DFWatch–Georgia’s foreign trade turnover in the first two months of 2016 was 2 percent less than last year, totaling USD 1,413 million.
According to a new monthly report by the National Statistics Department (GeoStat), export was down 13 percent to USD 281 million,