Between 2012 and 2014, the Georgia Oil and Gas Corporation (GOGC) spent 3.8 million lari (about $US2.26 million) to finance patrols watching to make sure nobody was stealing gas from oil or gas pipelines.
TBILISI, DFWatch–Hungarian low-cost airline Wizz Air is launching cheap flights between London Luton and Kutaisi, a city in the western Imereti region of Georgia.
United Airports Georgia announced the direct flights Kutaisi-London-Kutaisi two times per week, on Thursdays
TBILISI, DFWatch–Georgian President Giorgi Margvelashvili views a controversial deal recently struck between the Georgian government and the Russian-owned energy giant Gazprom as less favorable than the previous agreement, and ‘harmful’ to the political and economic
TBILISI, DFWatch–Almost 6.3 million people visited Georgia from abroad in 2016. This is 7.9 percent more than last year, the head of Georgian National Tourism Administration announced on Tuesday.
Out of the total number, over 2.7 million stayed in the country for 24 hours or longer
TBILISI, DFWatch–Tbilisi City Court on Sunday ordered the pre-trial detention of two Georgians who are suspected of embezzlement of more than USD 25 million from thousands of microfinance customers.
The court rejected a motion to release the accused
TBILISI, DFWatch–The Georgian government offers a temporary aid package to people who have their mortgage loans in US dollars, to ease the disastrous consequences of the lari’s continued race to record low depths.
The decision was made at a
TBILISI, DFWatch–The flow of money into Georgia grew by 14 percent in October, according to the latest monthly report by the National Bank.
The money flow into the country was USD 102.5 million, USD 12.6 million more than in October 2015.
91.9 percent of transfers
TBILISI, DFWatch–The Georgian lari is on course for a new historic low, after setting a record earlier this year at 2.4921 laris per US dollar. Today it is valued at 2.4899.
Prime Minister Giorgi Kvirikashvili explained the new drop in the value of the lari is as a result of growing imports.
TBILISI, DFWatch–Two months after promising to build a new road to Tusheti, Prime Minister Giorgi Kvirikashvili now suggests building an air strip in the inaccessible region in the northeast of the country.
It’s an attractive tourist destination, but difficult to access.