TBILISI, DFWatch–Georgia’s president has appointed a new head of the National Bank (NBG).
The appointment was signed by President Giorgi Margvelashvili on Thursday.
Outgoing NBG head Giorgi Kadagidze will be replaced Koba Gvenetadze, a former politician
TBILISI, DFWatch–Direct foreign investments in Georgia went 23 down percent in 2015 compared to the previous year, according to preliminary figures from Georgia’s National Statistics Department, GeoStat.
According to the report, the amount
TBILISI, DFWatch–Air Arabia, Scat, El Al Israel Airlines, ARKIA and Dniproavia are considering flights to Batumi airport on Georgia’s Black Sea coast.
Guram Jalaghonia, head of the Civil Aviation Agency, told Business and Political Insight (BPI) on Monday
TBILISI, DFWatch–The Azot chemical plant in Rustavi with more than 2,000 employees has shut down for a month due to economic factors.
The plant, which lies in Rustavi, a town 20km south of the capital, expected Azerbaijan’s state oil company Socar to reduce
TBILISI, DFWatch–Georgia’s foreign trade turnover in January was USD 528 million, a 24 percent drop compared to the same month last year.
According to the new monthly report by the National Statistics Department, GeoStat, export was USD 122 million;
TBILISI, DFWatch–Plans to open a high-end luxury casino in downtown Tbilisi have been aborted because the Hong Kong based operator, Melco International Development, was unable to reach an agreement with UAE Dhabi Group about leasing of space.
The casino
TBILISI, DFWatch–Georgia exported 13 percent more wine in January, compared to the same period last year.
According to the National Wine Agency, Georgia exported wine to 19 countries around the world. 1,521,802 bottles were exported, worth USD 2.62 million.
TBILISI, DFWatch–The Georgian national currency on Monday reached a new historic low of 2.4923 lari for one US dollar. The price of dollars in exchange booths and banks was more than 2.53 laris.
On January 23, one US dollar was 2.4694. Since the lari was introduced
TBILISI, DFWatch–Georgia’s foreign trade turnover in 2015 was 13 percent less than in 2014, excluding the unofficial economy.
The trade with other countries amounted to USD 9.928 million, according to preliminary figures from the Georgian National Statistics Office (GeoStat).
TBILISI, DFWatch–EU countries Tuesday approved 217 million euros in support for energy infrastructure in the south and southeast of the European continent, including a study of a gas pipeline to Europe from Turkmenistan, via Georgia.
The 15 projects were selected