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.
TBILISI, DFWatch–Georgian Railways is considering creating a new train line connecting the airports in Tbilisi and Kutaisi, with regular departures.
Spokesperson Dachi Tsaguria told Kutaisi Post that Georgian Railways is currently researching whether the new
TBILISI, DFWatch–Georgia’s winter resort Gudauri had 127% growth in visitors since last year. Now developers plan a Radisson and a Sheraton hotel there.
Malkhaz Kunelauri from the real estate company RED-CO told journalists that the first phase of the planned new hotels
TBILISI, DFWatch–Georgian Railway is in talks about increasing rail freight between Iran and Bulgaria through Georgia.
The target group of the plan is Iranian investors looking to establish a foothold in the European market.
Through using the railway connection
TBILISI, DFWatch–Georgia has secured a free trade agreement with China which is expected to boost Georgia’s export of wine.
The agreement, which still needs to be confirmed formally, will exempt goods and services that were previously charged more than 40 percent
TBILISI, DFWatch–Despite the falling oil price, Azerbaijan has confirmed its commitment to the implementation of large-scale projects like the Southern Gas Corridor, Azerbaijan’s Deputy Energy Minister Namig Abbasov said at a conference
TBILISI, DFWatch–This year’s grape harvest has begun in Georgia’s eastern Kakheti region.
More than 1,850 tons of rkatsiteli grape and more than 1,110 tons of saperavi has been processed in Dedoplistskaro.
Wine producing companies pay 80 tetris for saperavi,
TBILISI, DFWatch–Every day, about 200 tons of agricultural products is brought from Georgia into the Akhalgori district of South Ossetia, Sputnik Ossetia reports.
Akhalgori is a part of the breakaway region which was under Georgian control until the war in 2008. Many people cross