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enterprise

Q2 results of enterprise activity in Georgia

2 mins read

The FINANCIAL — National Statistics Office of Georgia published data of Activities of Enterprises II Quarter, 2020. In the II quarter of 2020 compared to the same quarter of the previous year the volume of business sector turnover decreased by 11.5 percent and amounted to 22.3 billion GEL. The production value of the business sector is characterized by a decreasing tendency. In Q2, its volume equaled to 9.2 billion GEL, which is year-on-year 18.3 percent less. In the II quarter of 2020, 58.8 percent of total turnover comes on large and 17.8 percent – on medium businesses while 23.4 percent is…

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Q2 results of enterprise activity in Georgia

2 mins read

The FINANCIAL — National Statistics Office of Georgia published data of Activities of Enterprises II Quarter, 2020. In the II quarter of 2020 compared to the same quarter of the previous year the volume of business sector turnover decreased by 11.5 percent and amounted to 22.3 billion GEL. The production value of the business sector is…

With USAID support new enterprises opened in Georgia

3 mins read

The FINANCIAL — A new hazelnut collection, processing, and storage farm will serve about 300 farmers in the Kakheti region and employ 16 local residents. The enterprise was built with support from the Ministry of Environmental Protection and Agriculture, the Agricultural and Rural Development Agency, Ferrero, and the Georgian Hazelnut Improvement Project. It is a joint…

Natia Turnava opened copper and aluminium wires producing enterprise

2 mins read

The FINANCIAL — Minister of Economy and Sustainable Development of Georgia, Natia Turnava officially opened a new enterprise of copper and aluminium wires in Tbilisi. The enterprise, after developing its full production capacity, will employ over 250 people.  Its production capacity per year shall reach 12000 tons of copper and aluminium. Which in financial terms amounts to…

EU, Austria, and Sweden announced €860,000 grant for tourism development in the mountainous regions of Georgia

2 mins read

The FINANCIAL — In the frame of the GRETA project (Green Economy: Sustainable Mountain Tourism and Organic Agriculture), the EU, Sweden and Austria have launched the Tourism Development Initiative (TDI), a call for proposals for grants in the area of tourism development in the municipalities of Mestia, Lentekhi, Tsageri, Oni, Ambrolauri, Sachkhere, Chiatura and Tkibuli. The…