A natural gas field with a volume of 16 billion cubic meters has been discovered near Tbilisi, said Giorgi Tatishvili, the head of the State Oil and Gas Agency, speaking to BMG. “To imagine, this is equal to the consumption of Georgia for 8 years,” Tatishvili said. This gas reserve was discovered by the French … Read more
TBILISI, DFWatch–Georgia expects air traffic to increase sharply as Covid-19 related restrictions on regular flights are lifted, to reach a level this month seven times what it was in August last year. By summer, the number of flights per week may reach 200, a 20-fold increase, the Minister of Economy Natia Turnava said Thursday at … Read more
TBILISI, DFWatch–At the end of a difficult year with families struggling to get through a pandemic, Georgia’s largest electricity provider announced a price hike that risks causing major discontent. On Monday, the CEO of Energo-Pro Georgia, which in 2016 controlled 62% of the country’s energy distribution, said an increase in electricity tariffs was inevitable. “The … Read more
TBILISI, DFWatch–The Georgian parliament decided Friday to declare a temporary ban on the sale of agricultural lands to aliens until a constitutional ban comes into force.
87 MPs voted in favor of the amendment to the Law on Ownership of Agricultural Land, amid fierce pressure
TBILISi, DFWatch–The number of cars in Georgia grew 8 percent in 2016, continuing a trend of steady expansion of the nation’s auto park of mostly older vehicles.
The growth in 2016 was to 1,125, which is 8 percent, with German carmakers retaining their leading positions.
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