business-economics
External trade, import on upward trend in Georgia
External Merchandise Trade (excluding non-declared trade) of Georgia amounted to USD 8 467.6 million in January-June 2022, which is 35.2 percent higher year-on-year, the National Statistics Office of Georgia said on Wednesday. The agency said tha...
Wissol chair: looking for cheaper oil source, may it be Russia
We are looking for cheaper sources for oil imports. Let’s see, I do not know now whether the source will be Russia, head of Wissol Petroleum Georgia Soso Pkhakadze said Friday. He stated that Russia’s war in Ukraine had caused a serious spike in ...
Prices increase by 12.8% in one year alone in Georgia
In the last one year, the prices have increased by 12.8 percent in Georgia, the National Statistics Office of Georgia said on Monday. According to the same data, in June compared to May, prices increased by 0.2 percent. Over the past year, pr...
Russia defaults on foreign debt for the 1st time since 1918 – Bloomberg
Russia defaulted on its foreign-currency sovereign debt for the first time in a century, the culmination of ever-tougher Western sanctions that shut down payment routes to overseas creditors, Bloomberg reported on Monday. Bloomberg says that for ...
Turkey, China, Russia – Georgia’s top trading partners this year
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 amount to $313.9 million in May, 10 times more than in 2021
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 earns €93 bln in revenue from fossil fuel exports after invading Ukraine
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...
Russia’s Rosneft sells its shares in a company owning Gulf gas station chain in Georgia
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...
PM vows regular operations in Borjomi as “gov’t becomes shareholder” along with Russian oligarch
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...
Striking employees of Borjomi block entracles of both plants, say company has plans to “punish” them
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...
