Tbilisi International Airport is set to welcome a new direct flight route this summer as Swiss carrier Edelweiss Air launches operations between Zurich and the Georgian capital. The airline, a subsidiary of the Lufthansa Group, will begin flights on ...
The Revenue Service of Georgia has placed a tax lien on the country’s largest mining company, Georgian Manganese. The precise amount of outstanding debt that prompted the decision, which is dated January 16, 2025, has not been publicly disclosed. Th...
Chiatura Management Company (CMC), in agreement with Georgian Manganese, has decided not to resume underground mining operations in Chiatura, citing financial unviability. The decision was announced in an official statement released by the company. ...
As of February 1, small business owners in the construction sector will no longer benefit from a preferential tax rate, resulting in a significant tax hike. Under the new regulations, self-employed individuals providing construction services will no ...
Nika Gilauri, former Prime Minister and a founder and managing partner of the consulting firm Reformatics, expressed concerns about Georgia’s economic outlook during a meeting with business leaders. He stated that the ongoing political crisis in the...
Georgia’s foreign exchange reserves grew by $324 million in December 2024, reaching a total of $4.45 billion, according to the National Bank of Georgia (NBG). Natia Turnava, Acting President of the National Bank, emphasized the importance of buildin...
Giorgi Margvelashvili, co-founder of Tbilvino, has called on the ruling party to address the ongoing political crisis in Georgia by releasing detainees and announcing new elections. He made the statement after major business leaders met with Prime Mi...
TBC Bank and the Bank of Georgia on Thursday announced a joint commitment to allocate five million GEL to support citizens and small and medium-sized enterprises (SMEs) impacted by recent developments in the country. The banks emphasized their share...
The volume of foreign direct investments (FDI) in Georgia for the third quarter of 2024 amounted to 197.7 million USD, marking a 55.2% decrease compared to the revised figures for the same period in 2023, the Georgian National Statistics Office said ...
Starting Friday, Georgia’s Chiatura manganese mine and Zestaponi ferroalloy plant will cease operations temporarily, affecting thousands of employees who now face several months of uncertainty. Georgian Manganese, the company holding a 100% stake in ...
