The Japanese government will grant GEL1.5mn ($850.000) to Georgia to buy equipment and upgrade machinery to identify risks of natural disasters in the country, the Ministry of Finance reported on December 16.
The non-project grant aims at improving the automated equipment of monitoring stations to assess air quality in the country and to acquire techniques for determining risk of natural and anthropogenic catastrophes.
The grant tops up a GEL3.6mn ($2mn) fund for completing environmental projects.
Moody's Investors Service on September 13 upgraded JSC Bank of Georgia (BoG) and TBC Bank's local-currency deposit ratings to Ba2 from Ba3 and their foreign-currency deposit ratings to Ba3 ... more
Favouritism has decimated the number of Georgian companies that rear and sell sheep, an investigation by Studio Monitor, an associate of the Organised Crime and Corruption Reporting Project (OCCRP), ... more
Abkhazia, a Georgian breakaway region that is highly reliant on Russian backing, risks losing vital flows of Russian tourism that support its economy. Two incidents there in the past month have ... more