ECONOMICS
Wizz Air transfers 6 million passengers through Kutaisi International Airport since 2012
Wizz Air on Wednesday said it had reached a significant figure, transferring six million passengers through Kutaisi International Airport since the start of its operations in 2012. The event was marked by the arrival of a flight from Vienna, carry...
Georgian Airways announces new Tbilisi-Novosibirsk flights
Georgian Airways has announced the launch of a new flight route connecting Tbilisi with Novosibirsk. The flights are scheduled to operate from September 28 to October 20, with services twice a week on Tuesdays and Saturdays. The initial announcement...
“Silk Real Estate” issued the first 1-year public bonds on the local market. The Bonds amounted to 7-million euro
Silk Real Estate [https://srgre.ge/?lang=en], one of the leading companies in Georgia’s real estate and hospitality sectors, has issued and listed the first-ever 1-year euro-denominated bonds on the Georgia Stock Exchange, with the support of TBC Cap...
45 business leaders from Georgia attend SelectUSA, largest investment summit – Embassy
Forty-five business leaders from Georgia have recently attended SelectUSA, the largest investment summit dedicated to promoting foreign direct investment in the United States, the US Embassy to Georgia reported on Monday. “A window of opportunity c...
National Bank of Georgia sells $60 million foreign exchange auction
The National Bank of Georgia on Tuesday sold 60 million dollars at a recent foreign exchange auction, with the weighted average exchange rate recorded at 2.8635. Currently, the exchange rate set by the National Bank places 1 US dollar at 2.8490 GEL...
Foreign direct investments plummet by 64% in Q1 – Georgia’s National Statistics Office
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...
Georgia’s National Bank sells $60 million
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...
Georgia’s summer flights: 18% to Europe, 13% to Russia – Ministry of Economy
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 sells $60 mln after Parliament’s adoption of foreign influence bill
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 ...
Samtskhe-Javakheti DMO, Borjomi Palace Health and Spa Center forge membership agreement
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...
