The US and the EU are expected to unveil a new package of sanctions against Russia today, following a massacre in the Ukrainian town of Bucha which has been recently freed from Russian troops. The US sanctions will target Russian banks and offici...
The annual inflation rate has hit 11.8 percent in Georgia, while the Consumer Price Index increased by 2.5 percent in March 2022 compared to the same period of the last year, the National Statistics Office of Georgia said today. The monthly inflati...
FMO, the Dutch entrepreneurial development bank, has placed GEL 30 million bonds with TBC Capital acting as a sole Lead Manager. MKD Law was engaged as a legal counsel on the transaction. The placement was fully purchased by Terabank. The Bank wil...
The company RakutenViber has plans to enter the Georgian market and open an operating office in Tbilisi which will be focused on mobile application development, the Ministry of Economy and Sustainable Development of Georgia has stated. Minister ...
The United States has plans to allocate 88 million USD for Georgia in 2023, the draft document of the US Department of State 2023 budget reads. The document says that the funds will support Georgia’s democratic development, economic development, ...
Georgian Prime Minister’s Special Representative in Relations with Russia, Zurab Abashidze says that none of Georgian officials attended a meeting of Georgian and Russian experts in Moscow yesterday, stating that it was a private initiative. Abas...
The top three trading partners of Georgia by domestic exports in January-February 2022 were China (USD 90.0 million), Bulgaria (USD 83.7 million) and Russia (USD 80.2 million), the National Statistics Office of Georgia said in its preliminary results...
Lettuce leaves producer company GDB in the Lagodekhi region of eastern Georgia is looking for new markets as it was scheduled to sell 200 tons of lettuce leaves to McDonalds in Russia in the spring. McDonalds has closed more than 800 restaurant...
The European Socialists MP Fridon Injia, who appeared in parliament via the party list of a pro-Russian Alliance of Patriots party, says it is time for Georgia to join the Russian banking system Mir.Injia said earlier today that Georgia is voting ag...
Georgia has reserves sufficient for a month or a bit more and needs to find new importers as major providers, Russia and Ukraine, are at war, Levan Silagava, Executive Director of the Georgian Wheat and Flour Producers Association says. Silagava...
