The National Statistics Office of Georgia on Monday reported foreign direct investments in the first quarter of 2024 [January-February-March] have decreased by 64.4% compared to the same period in 2023. In the first quarter of 2024, the country attr...
The National Bank of Georgia on Tuesday offered 60 million dollars for sale. However, only 48.7 million dollars were sold during the auction amidst turmoil in the country over the controversial foreign influence bill. This marks the second interven...
During the summer navigation season, 13,600 flights are scheduled from Georgia. According to the Ministry of Economy, 18% of these flights are planned for Europe, 17% for Gulf countries, 13% for Russia, and the remaining 52% for other destinations. ...
Georgia’s National Bank on Thursday initiated the sale of $60 million in response to recent turbulence in the currency market. The decision comes amidst heightened agitation within the market, with significant one-time transactions contributing ...
Expanding its membership base, Samtskhe-Javakheti DMO welcomed Borjomi Palace Health and Spa Center into its fold on March 22, as the latter signed the membership agreement. Nestled in the picturesque resort town of Borjomi, Borjomi Palace stands as...
In January-February 2024, Georgia’s primary export partners were Russia ($79.9 million USD), Turkey ($53.7 million USD), and China ($43.6 million USD), the National Statistics Office of Georgia said on Tuesday. The volume of goods exported from G...
Elite Technology has been visited by representatives of GEVEKO Markings from Switzerland. During the visit, Giorgi Mamadashvili, the founder of Elite Technology, engaged with the delegation. Discussions revolved around future collaboration plans, w...
Georgian Deputy Minister of Economy Mariam Kvrivishvili stated this week since the border closure by Azerbaijan in spring 2020 due to the Coronavirus pandemic, Georgia had suffered a loss of over 1.5 million tourists, equivalent to approximately $400...
Scope Ratings, the European credit rating agency, downgraded the issuer rating of the Georgian development company JSC Lisi Lake Development to B- from B+ and revised the outlook to negative from stable. The rating agency also downgraded the seni...
In January 2024, the total amount of money transferred to Georgia experienced a decline, marking a 40.8 percent decrease compared to the same period last year, according to the latest data released by the National Bank of Georgia. The decrease in re...
