Georgia’s foreign trade turnover, both imports and exports, increased by 37% this year and amounted to seven billion dollars, with the country’s largest trading partners being Turkey, China and Russia, the National Statistics Office of Georgia said ...
Remittances from Russia to Georgia have amounted to $313.9 million in May which is 10 times more compared to the same period of 2021. The total remittances from all other countries stood at 191.8 million in May. Remittances from Russia by yea...
Russia earned EUR 93 billion in revenue from fossil fuel exports in the first 100 days of the invasion of Ukraine. The EU imported 61% of this, worth approximately 57 billion EUR, the Centre for Research on Energy and Clean Air (CREA) said in its rep...
The Russian state-owned gas and oil company Rosneft has sold 49% of its shares in Petrocas Energy Group that owns the Gulf gas station chain in Georgia and operates an oil terminal in the country’s Poti port. The Petrocas Energy Group has report...
The Government of Georgia will become a shareholder of Borjomi mineral waters which will solve existing problems in the operations and the ongoing strike of its employees, Prime Minister of Georgia Irakli Garibashvili said on Monday. He noted tha...
Up to 400 striking workers of IDS Borjomi blocked entrances of both bottling plants of the mineral water on Monday, demanding payment of their salaries, reinstatement of 50 “illegally fired employees” and humane working conditions. They claimed tha...
In May 2022 the Consumer Price Index increased by 1.1 percent compared to the previous month, while the annual inflation rate amounted to 13.3 percent, the National Statistics Office of Georgia said on Friday. The agency said that the monthly in...
In 2021 the average monthly incomes (cash and non-cash inflows) of the population in Georgia amounted to 1 360.2 million GEL, which is 13.9 percent increase compared to 2020, the National Statistics Office of Georgia (Geostat) said on Wednesday, stat...
Opportunities for opening an IT and Service Delivery Centre in Georgia, as well as “favourable investment climate existing in the country” have been discussed between Georgian PM Irakli Garibashvili and Amy Weaver, CEO of Salesforce, the largest comp...
Alpha Group of a sanctioned Russian oligarch Mikhail Fridman, which is a key stakeholder in the Georgian mineral water producer Borjomi, is ready to hand a part of shares to the Georgian government for a local IDS Borjomi to resume operations and th...
