Germany and France allocate over €250 mln to Georgia

The FINANCIAL — The French Development Agency and the Ministry of Finance of Georgia signed a EUR 58 million loan to finance the reconstruction of water and sanitation utilities in Khashuri. The activities financed under the loan will be supplemented by a EUR…

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Economy Minister of Georgia met tourism sector

The FINANCIAL — Minister of Economy and Sustainable Development Natia Turnava held a meeting with the representatives of the tourism sector and discussed the problems emerged due to the corona virus pandemic as well as the possible solutions. The representatives of the hotels,…

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European Commission approves €3.4 billion KLM bailout

The FINANCIAL — The European Commission has approved, under EU State aid rules, a €3.4 billion Dutch aid measure consisting of a State guarantee on loans and a subordinated State loan to KLM. As a result of the imposition of travel restrictions introduced…

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Disney is closing its theme parks around the world

The FINANCIAL – Disney is closing its theme parks worldwide over coronavirus fears. The Walt Disney company will pay its cast members during that period. Disney Cruise Line will also suspend new departures. Meanwhile, worker at Disneyland Paris has tested positive for the…

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Tourism in France expected to drop by 30-40%

The FINANCIAL — France welcomes around 2.7 million Chinese tourists to the country each year. The new coronavirus outbreak is depriving France hotels, restaurants and retailers of big-spending Chinese visitors. Also, France confirmed two new cases of coronavirus. As stock markets around…

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Turkish foreign minister calls for Georgia’s NATO membership

Turkey’s foreign minister called on Thursday for the enlargement of NATO and the addition of Georgia to the organization.“I don’t understand why we have not invited Georgia or we haven’t activated the action plan for Georgia to become a member,” Mevlut Cavusoglu…

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Belarus determined grain procurement volumes for state needs

The FINANCIAL -- Ministry of Agriculture and Food of Belarus determined the volumes of agricultural products and raw materials for state needs in 2016. The corresponding statement No 42 as of December 10, 2015 was published at the web-site of the Ministry.…

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French Consumer Confidence Steady in December

The FINANCIAL -- French consumer confidence was stable in December for the third consecutive month, statistics showed on January 6, belying concerns that the November terror attacks would rattle households in the eurozone's second- largest economy, according to Nasdaq.…

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