business-economics
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...
Russia, Turkey, China – Georgia’s key export partners this year
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 visited by Swiss GEVEKO Markings delegation
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...
Georgia faces $400 mln loss as Azerbaijani land border closure deters tourists
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...
