Outrider is the largest stakeholder in the existing licensee, Frontera Resources Corporation.

Outrider Management LLC, a California-based investment firm, has asked Georgia Prime Minister Giorgi Gakharia to award it the license to produce oil and gas from Block 12 in the country's Karu Basin. The award would allow Georgia to derive more value from the field and enable Outrider to recover its investment in the troubled company that currently holds the license.

Forbes Georgia has obtained a letter that was sent by the CEO of Outrider Management, Stephen Hope to the Prime Minister of Georgia, Giorgi Gakharia.

"We managed to establish regular platforms for communication with different business associations, sectors, suppliers, and this is good" – Minister of Environmental Protection and Agriculture Levan Davitashvili told the Checkpoints in an interview conducted by Giorgi Isakadze.

At the beginning of this crisis, in March, Georgian banks created preemptively over 1 billion of reserves against the potential deterioration of loans that could happen in the future due to COVID – Alyona Agrenenko, Associate Director at Fitch Ratings responsible for financial institutions told The Checkpoints in an exclusive interview, conducted by Elene Kvanchilashvili after the special webinar, that Fitch Ratings held about Georgia.

As of September 2020, the number of transactions recorded on premium and medium new apartments in Tbilisi is 20% and 19% less than the same period in 2019 – Colliers International reports.

Employees of the Police Department of the Ministry of Internal Affairs and regional units monitor the implementation of the rules and recommendations against the spread of Covid19 carried out in markets on an intensive basis.

"We will have the peak of coronavirus in the second half of November," Paata Imnadze, deputy head of the National Center for Disease Control, told TV Pirveli during Diana Trapaidze's Daily News.

National Bank of Georgia (NBG) sold USD 30 million during its Foreign Exchange Auction today – NBG reports.

According to the Minister of Health, there are several problems related to family doctors, which is why the state will increase the number of Covid clinics.

In January-September 2020, Georgia's exports decreased by 12.1% to $ 2.4 billion. According to a Geostat report, exports of 6 of the country's 10 largest exports decreased. The sharpest decline is observed in exports of automobiles (-37%) and exports of pharmaceuticals (49%).

Arvid Tuerkner, EBRD Managing Director for Turkey, said: “The EBRD has responded rapidly to the needs of local companies with investments in Turkey already exceeding €1 billion this year to date. The new loan will enable Alternatif Bank to continue lending to Turkish businesses and will help to counter the impact of the coronavirus outbreak on the economy.”

According to Prime Minister Giorgi Gakharia, "certain companies, in line with the political process, violated the restrictions imposed on them, and posed a health threat to citizens."

Oil imports also decreased by 32.5%, which is due to the decline in prices for this product and the economic shock of COVID-19.

According to the Prime Minister of Georgia, there are some shortcomings in the system, but these are not systemic shortcomings, which is important.

According to the Prime Minister of Georgia, Giorgi Gakharia, the government is no longer imposing strict restrictions because its economy can no longer withstand this.

The company 'Dagi' won the tender for constructing a new office of the Georgian Public Broadcasting. According to the tender proposal, 'Dagi' will build a new facility on Politkovskaya Street for 43,636,020 GEL.

The businessman believes that restricting the business again would be wrong.

According to businessman Temur Chkonia, "Georgia's economy is fragile and very poor now." The businessman made such an assessment in response to a question about the possibility of repeating lockdown.