The award is part of a concerted effort to make Georgia a more business and investor friendly place, key ingredients to sustainable economic growth.

According to him, in April, the estimated real growth compared to the same period of the previous year was posted negative in almost all activities. Growth was registered in Mining and quarrying.

Passengers have to wear medical facemasks. Movement is allowed with open windows. The Patrol Police will not admit passengers without facemasks in Tbilisi Subway.

3 more recoveries have been recorded, which brings the total number of recovered patients to 576.

CIBC is not alone in being caught out when the coronavirus outbreak interrupted gold supply routes and gold futures prices in New York shot above London spot prices.

Recently, IFC and Ipak Yuli Bank of Uzbekistan signed an agreement allowing the bank to better manage currency risks and increase local currency financing for small and medium-sized enterprises, which play a key role in the economic development of Uzbekistan.

The new runway at Ramsar Airport, built of concrete, is 2,700 meters long and 45 meters wide. The construction of the runway began in 2009 and 1.1 trillion rials (about $26.1 million) was spent on the construction.

According to the report, the real estate is the most expensive in Mtatsminda district, while the lowest price is fixed in Samgori.

The National Bank of Georgia (NBG) has set a new exchange rate. As a result of the final trade, official cost of 1 USD has become 3.1865 GEL .

According to the government administration, the agreement signed with KFW is part of the financial support that the Georgian government has received from partner international donor organizations to fight COVID-19 and further rehabilitate the country's economy.

"Recently, we often had business statements that the National Bank should weaken the current regulations. I don’t think this will cause excessive debt, supposedly we will remain within the reasonable limits. The guarantee issued by the state and the assistance provided by the state will help to issue more mortgage loans,”Khetsuriani said.

The Prime Minister of Georgia Giorgi Gakharia has presented a fourth anti-crisis plan today worth 434 million GEL aimed at supporting the construction and development sector of Georgia.

The budget of the program is 70 million GEL.

"The Georgian government will subsidize 4% of mortgage loans, for all mortgage contracts that will be concluded by the end of the year for a 5-year term. We will help every citizen who want to improve his/her living conditions", Gakharia said.

The first domestic railway run will take place between Ankara and Istanbul, and 16 runs will be operated daily, the ministry noted.

From January through April 2020, 93,486 tourists from France visited Turkey, which is 48.5 percent less compared to the same period in 2019.

“The existing gas network provides ample capacities to integrate not only renewable but also decarbonises gases. Hydrogen produced through electrolysis from renewable electricity or from reformed natural gas combined with carbon capture use and storage has the same physical properties,” Eurogas said in its recommendations.

ADB’s CARES package was developed in close coordination with the International Monetary Fund and other development partners as part of a coordinated effort to help Georgia tackle the COVID-19 crisis.

16 more recoveries have been recorded, which brings the total number of recovered patients to 573.