TBILISI, DFWatch–China has gifted 245 units of tractors and other machinery to Georgia. The hardware, which also includes bulldozers, excavators, trucks and off-road vehicles, is worth about USD 10 million.
Accepting this gift from one of Georgia’s top trading
TBILISI, DFWatch–Georgia’s wine export was reduced by 58 percent in the first four months of 2015, compared to the same period last year. The reason is less sales to Russia (-76 percent) and Ukraine (-57 percent).
From January through April, Georgia exported wine
TBILISI, DFWatch–The European Bank for Reconstruction and Development (ERBD) has announced a new 45 million euros program to support women entrepreneurs in eastern European countries including Georgia.
The program is called ‘Women in Business’ and will involve ERBD
TBILISI, DFWatch–Several low cost airlines are looking to enter the Georgian market, according to the Ministry of Economy.
Prospective new carriers include Ryanair, EasyJet, Air Berlin, and the Greek company Ellinair.
According to the ministry, Ellinair applied to the
TBILISI, DFWatch–Georgia’s foreign trade turnover in the first three months of 2015 was 10 percent less than in the same period last year.
The foreign trade turnover in January-March, 2015 was USD 2,279 million, according to the new report of Georgia’s National
TBILISI, DFWatch–The amount of money transfers to Georgia in March fell by 23.5 percent compared to the same period last year, according to a report by the National Bank of Georgia (NBG).
The amount of money transfers in March was USD 92.2 million, which is USD
TBILISI, DFWatch–An Israeli company plans to build a new factory in Georgia with the goal of producing parts for Boeing, Airbus and Bombardier passenger planes.
The construction of the ‘high tech and modern’ aviation plant will begin in three months, Economy
TBILISI, DFWatch–Wizz Air is ending flights between Georgia and Ukraine from April 20 because the company Wizz Air Ukraine is being dissolved.
“This decision was made, with regret, due to the ongoing instability in Eastern Ukraine, the devaluation and volatility
TBILISI, DFWatch–Georgia wants to use its free trade access to the EU to become a springboard for Chinese trade with Europe.
Last year, Georgia signed an association agreement with the EU. Included was what’s called a deep and comprehensive free
TBILISI, DFWatch–The amount of money transfers to Georgia in February fell by 21.7 percent compared to same period last year, according to a new report by the National Bank.
The total amount of incoming transfers in February was USD 82.0 million laris;