Economy

Search and Rescue Operations Continue Amidst Shove Landslide Aftermath

On August 3, a devastating landslide occurred in the Shovi resort town, Oni municipality, impacting the vicinity of the Sunset Shovi hotel.

Ongoing Search for 35 Unreachable Individuals in Shovi Disaster Zone

The Minister of Infrastructure, Irakli Karseladze, announced that communication with 35 people in the disaster-stricken region of Shovi has yet to be established.

EBRD Commits $25 Million Investment in 'Georgian Capital' $150 Million Bonds

The European Bank for Reconstruction and Development (EBRD) has announced a substantial transaction in Georgia's capital market, with a $25 million investment in the $150 million bonds issued by JSC 'Georgian Capital' (GCAP).

US and EU Automobile Exports from Georgia to Russia Prohibited

Beginning August 1, the export and re-export of American vehicles from Georgia to Russia has been banned, according to the revenue service of the Ministry of Finance.

Georgia's Economy Records 7.7% Growth in June

As per the preliminary estimates from Geostat, Georgia's economy experienced significant growth in June 2023,

US State Department Commends Georgia's Investment Climate

The US State Department recently published a report lauding the investment environment in Georgia, attributing its success to economic stability and progressive reforms undertaken by the nation.

Georgian Financial Sector Set for Specialized Training in Hedging, Backed by USAID

With backing from the USAID Economic Governance Program, the Georgian Financial Market Treasury Association (GFMTA) is spearheading a money market study

Croatia Reaffirms Strong Support for Georgia's European and Transatlantic Aspirations

In his speech at the official opening ceremony of the Georgian Embassy in Zagreb, Prime Minister of the Republic of Croatia, Andrej Plenkovic, expressed unwavering support for Georgia's journey towards European and transatlantic ambitions.

Transforming Agriculture: Blueberry Cultivation and Cold Storage Enhancements in Senaki

The Rural Development Agency's Deputy Director, Natalia Kharatishvili, along with the Deputy State Commissioner of Samegrelo-Zemo Svaneti, Davit Verava, recently toured the facilities of beneficiary company "Blue Garden