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Ivane Machavariani: “In 2017-2022, the capital expenditures to GDP ratio will be 8% on average which is more than the GEL 25 billion value project.”

The FINANCIAL -- Verdict: FactCheck concludes that Ivane Machavariani’s statement is ...

CNN: U.S. Making Plans to Sail Warship into Black Sea

The FINANCIAL -- CNN has reported that the United States is making plans to sail a naval warship into the Black Sea, a move that comes with tensions remaining high between Ukraine and ...

Bank of Georgia About Loans and Grants Under EU4Business-EBRD Credit Line

The FINANCIAL -- The Bank of Georgia recently hosted an information event for clients to present the opportunities afforded by loans and grants provided by the EU4Business-EBRD Credit ...

Russia Officially Notified of U.S. Intent to Withdraw From INF Treaty

The FINANCIAL -- Russia says it has received official notification from Washington that the United States intends to withdraw from a Cold War nuclear-arms treaty unless Moscow returns to compliance ...

Presidential Inauguration to be Held in Telavi

The FINANCIAL -- Inauguration of President-elect Salome Zurabishvili will be held on December 16 in the eastern Georgian town of Telavi, administrative capital of Kakheti ...

Pilot Survey of Aquaculture Holdings 2017

The FINANCIAL -- In 2018, National Statistics Office of Georgia conducted a pilot survey of existing aquaculture holdings in the country, in which up to 700 aquaculture holdings were ...

Cuts Planned in Presidential Administration’s Budget, Staff

The FINANCIAL -- Funding for the President’s Administration will decrease by GEL 3.8 million (38.77%) in 2019 and the presidential reserve fund – a pot of money reserved for special projects – ...

HRW Urges EU To Demand Kyrgyzstan Release Imprisoned Rights Activist

The FINANCIAL -- Human Rights Watch (HRW) has called on the European Union to demand that Kyrgyzstan release veteran human rights defender Azimjan Askarov from ...

FM Zalkaliani Condemns Russian Aggression at OSCE Ministerial Council

The FINANCIAL -- On December 6, Foreign Minister Davit Zalkaliani spoke on Russia’s “continued” breach of the sovereignty and territorial integrity of Georgia at the 25th OSCE Ministerial ...

Aid Groups End Work Of Migrant Rescue Ship after 'Sustained Attacks'

The FINANCIAL -- Doctors Without Borders (MSF) and the SOS-Mediterranee aid group say the migrant rescue ship they operate in the Mediterranean Sea is ceasing operations due to "sustained attacks" ...

Record Number of Air Passengers Carried at More than 1 Billion in 2017

The FINANCIAL -- In 2017, 1.043 billion passengers travelled by air in the European Union (EU), up by 7% compared with 2016 and by 39% compared with 2009. Over this period, air passenger transport ...

Coverage Set for Russian Spacewalk at International Space Station

The FINANCIAL -- Two Russian cosmonauts will venture outside the International Space Station at 11 a.m. EST Tuesday, Dec. 11, to conduct a six-hour spacewalk. Live coverage will begin at 10 a.m. on ...

U.S. Says Russia Must Scrap or Modify Novator Missile System to Comply With INF

The FINANCIAL -- Russia must scrap its Novator 9M729 missile systems and launchers or reduce their range to comply with the Intermediate-Range Nuclear Forces Treaty (INF) and prevent a U.S. ...

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