business-economics
Georgia’s National Bank sells 93 20-gr gold bars in two days
The National Bank of Georgia has reported the sale of 93 20-gram gold bars over a two-day period, with the sale commenced on Monday. One kg gold bars are also available for purchase, but only one was bought, the bank told the press. As of ...
Turkey, Russia, US Georgia’s largest trade partners
The largest trade partners of Georgia during the first nine months of 2023 are still Turkey, Russia and the US. In total, the country’s foreign trade turnover amounted to 15,910.8 million US dollars, which is 16.5 percent more than the same period of...
Bank of Georgia won’t allow US sanctioned ex-official’s access to accounts
After TBC Bank, the Bank of Georgia on Wednesday said it would act in line with international sanctions and Otar Partskhaladze, the former Prosecutor General in 2013, would not have access to its accounts despite the decree by the National Bank on Tu...
TBC Bank refuses to restore US sanctioned ex-official’s access to accounts despite National Bank’s approval
TBC, one of the largest commercial banks in Georgia, on Wednesday said it would not restore access of Otar Partskhaladze, a former Prosecutor General of Georgia sanctioned by the US for promoting Russian interests, to his accounts, despite the decree...
China Southern Airlines announces daily flights between Georgia-China
China Southern Airlines will launch daily flights from Tbilisi International Airport to Urumqi with Boeing aircraft from September 27, TAV Georgia confirmed on Friday, following the Georgian Government’s decision earlier this month to lift visa requi...
Georgian Competition Agency fines 5 largest petrol companies for high prices
The Georgian Competition Agency on Friday announced it had fined five largest petrol companies for maintaining high prices in the retail market of motor fuel between March and August 2022. Gulf, Rompetrol, Lukoil, Socar and Vissol all have been ...
Tbilisi undecided over Belavia as US sanctions airline
Tbilisi has not decided so far whether to cancel the flights of Belarus Belavia airline, following the US move to impose sanctions on it earlier this week. The airline is currently conducting flights from all three airports of Georgia – from Tbi...
Netherlands, Japan, US – top investors for Georgia in Q1
The Netherlands, Japan and the United States were top three in the first quarter of this year with foreign direct investments in Georgia, the country’s statistics office said on Friday, adding the total amount of FDI in the reported period hit $496....
Remittances from Russia to Georgia hits $2bln in 2022
Remittances from Russia to Georgia hit two billion dollars last year, marking more than 500 percent increase compared to the same period of the last year, on the backdrop of Moscow’s ongoing aggression against Ukraine. The government’s 2022 budg...
Georgia to host World Tourism Day celebrations in 2024
Secretary General of the United Nations World Tourism Organization, Zurab Pololikashvili, on Friday announced in 2024 the World Tourism Day would be celebrated in Georgia. Following the European Commission session in Sofia, Bulgaria, he noted all 38...
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