The Consumer Price Index increased by 1.3 percent in October 2021 compared to the previous month, while the annual inflation rate amounted to 12.8 percent, the National Statistics oFfice of Georgia has reported. Geostat says that the monthly inf...
For the first time in the history Georgia has won the Council of Europe International Award for Cultural Routes.On October 23, 2021, in Italy, at the Cultural Routes Competition organized by the Council of Europe, Wine Company SHUMI won the internat...
Asian Development Bank (ADB) has allocated a $10 million loan for Georgian Optima company to build two residential complexes, providing over 3,700 affordable and energy-efficient apartments for people with a low or middle incomes, in capital Tbilisi....
The government of Georgia has plans to increase funding for Defence and Interior Ministries, as well as for the State Security Service by 2022, to boost the country’s defence and security capabilities. Per the 2022 state budget draft, the funding...
The price of white bread has increased by 10 tetries in Georgia, while the price is up by 20 terries for Georgian bread – Shoti. Georgian Bread Bakers Association Malkhaz Dolidze says that the increase in the price of raw materials and transporta...
Turkish company ENKA has stated that they will not build a Namakhvani HPP in western Georgia due to the ‘violation of contract conditions’ by the Georgian side. The forthcoming construction of the HPP in Rioni gorge has caused large scale protests ...
In the second quarter of 2021, hardware Trojans attacked 0.10% of computer users in Georgia, while the figure stood at 0.26% in Armenia and 0.23% in Azerbaijan, Kaspersky Lab Georgia reports. In April-June 2020, 0.23% of users in Georgia encount...
The Georgian National Statistics Office [https://www.geostat.ge/en] says that in the second quarter of 2021 the average monthly nominal earnings in Georgia increased by 15.5 percent (177.9 Gel) compared to the same quarter of the previous year and am...
French company Electricite de France (EDF ) has presented to the Georgian State Electrosystem (GSE) a Hydro Power Roadmap that analyses the potentiality of hydroelectricity power for Georgia from 2020 to 2035. The roadmap was co-financed by the ...
As of June 30, 2021, the Georgian government debt amounted to GEL 29.6 billion, which is about 55% of the country’s GDP for the last one year, Transparency International Georgia (TI Georgia) has stated. TI Georgia reports that in the first six mo...
