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.

Flights will be carried out by Boeing B737 and Embraer ERJ190 in full compliance with the protocol agreed with the health authorities.

“It has already confirmed and the Georgian government has received support from international donor organizations in the amount of $ 500 billion, which is being used for the time being,” PM said.

In the first four months of 2020, 15 commercial banks operating in Georgia lost a total of GEL 667 million.

"Construction will be one of the most seriously affected sector. We have already developed a specific plan. It’s not just the help for companies but for citizens too", said the Prime Minister.

On top of that, all sorts of municipal transport will resume work from May 29.

“Starting next Monday, June 1, all kinds of shops, including malls, as well as markets and vast open-air restaurants will resume work,” the Prime Minister said.

According to him, several restrictions will be imposed in Tbilisi Metro, including wearing facemasks.