The FINANCIAL

Russia Is Interested In Sustaining The Karabakh Conflict, Intelligence

The FINANCIAL -- The Nagorno-Karabakh conflict con- tinues to play a key role in the bilateral relations of Armenia and Azerbaijan, with both Yerevan and Baku seeing Moscow as holding the keys to resolving the conflict . It is vital for Armenia to maintain Russia’s political and military support, without which it would be difficult to provide military protection to ethnic Armenians in ...

The U.S. and EU Ambassador commend adoption of amendments to the Georgian Labour Code

The FINANCIAL -- Parliament of Georgia adopted amendments to the Georgian Labour Code to protect workers' rights. For the first time, Georgian workers will be guaranteed overtime pay, layoff ...

EU and Georgia sign €129 mln financing agreements for COVID-19 recovery

The FINANCIAL -- Today, Commissioner for Neighbourhood and Enlargement Olivér Várhelyi and the Prime Minister of Georgia signed two financing agreements to tackle the crisis caused by COVID-19 ...

NATO Secretary General: Georgia is one of NATO's most important partners

The FINANCIAL -- The meeting between Georgian Prime Minister Giorgi Gakharia and NATO Secretary General Jens Stoltenberg was held today at the NATO Headquarters in Brussels. The process of Georgia's ...

Georgia's GDP declined by 5.3% in August 2020

The FINANCIAL -- National Statistics Office of Georgia published data of rapid estimates of economic growth. Estimated real Gross Domestic Product (GDP) declined by 5.3 percent in August 2020 ...

COVID Pandemic Accelerates Digital Transformation, Georgia Tries to Catch Up

Digital transformation is becoming just as important today as buying a tractor for a farmer during the Industrial Revolution. Since the global pandemic has boosted the demand for modern technologies ...

Spanish-made unmanned aerial vehicles will equip Georgian Defence Forces

The FINANCIAL -- The Ministry of Defense of Georgia bought Spanish-made unmanned aerial vehicles. The purchase of drones follows recently announced defence projects under Garibashvili's initiative, ...

EU launches legal action against UK

The FINANCIAL -- The European Commission has today sent the United Kingdom a letter of formal notice for breaching its obligations under the Withdrawal Agreement. This marks the beginning of a formal ...

Geostat published statistical survey of Non-profit institutions 2019

The FINANCIAL -- National Statistics Office of Georgia published data of Main Indicators of Non-profit Institutions (2019). The biggest share in entire structure of turnover belongs to ...

ADB approved $150 mln loan to Georgia for improving water supply and sanitation

The FINANCIAL -- The Asian Development Bank (ADB) approved $150 million (in euro equivalent) in loans to improve water supply and sanitation services in Georgia and help the government craft an ...

In 2019 average monthly salary of employed persons equaled to 1 161.7 GEL while women made up 864.7

The FINANCIAL -- National Statistics Office of Georgia published data of Activities of Enterprises in 2019. In the Year 2019 compared to the previous year the volume of business sector turnover ...

The Growth of Small Businesses in Georgia

As the coronavirus pandemic continues to affect business across the country, the Women Business Council in Georgia has created an online platform to help empower female entrepreneurs. The ...

In the Government Effectiveness indicator Georgia ranks 37th in the world

The FINANCIAL -- World Bank published research according to which Georgia's ratings are improved in Worldwide Governance Indicators. In the Control of Corruption indicator, Georgia ranks 41st among ...