A study of the fuel market by the Georgian Competition Agency has found that the effect of rising fuel prices on the local market was not in line with rising fuel prices on the international market, Minister of Economy and Sustainable Development of ...
In April 2022 the Consumer Price Index increased by 1.8 percent compared to the previous month, while the annual inflation rate amounted to 12.8 percent, the National Statistics Office of Georgia (Geostat) said on Tuesday. The agency says that t...
Both bottling plants of the Georgian mineral water Borjomi have been temporarily shut down due to sanctions imposed on Russia,as Russian billionaire, businessman Mikhail Fridman, whose Alfa Group has had a controlling stake in the company since 2013,...
In January-March 2022, the foreign trade turnover of goods increased compared to previous years, the National Statistics Office of Georgia (Geostat) has stated. The turnover of the first quarter of the current year is ahead not only of the data f...
Georgian Minister of Economy and Sustainable Development Levan Davitashvili stated today that the price of fuel is expected to go down soon in the country thanks to newly signed contracts. The minister has not specified with whom the contacts had b...
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, ...
