economics
British Airways launches direct flights between London and Tbilisi
Direct air travel between Georgia and the United Kingdom has officially begun. British Airways, the UK’s flagship airline, has commenced operations in the Georgian air market, with its inaugural flight landing at Tbilisi Shota Rustaveli International...
National Bank of Georgia signs cooperation memorandum with China’s Central Bank
The National Bank of Georgia (NBG) and the People’s Bank of China (PBOC) have signed a memorandum of cooperation aimed at strengthening financial ties between the two countries. The agreement was signed by NBG President Natia Turnava and PBOC Govern...
Tbilisi international Airport adds Zurich route as Edelweiss Air expands into Georgia
Tbilisi International Airport is set to welcome a new direct flight route this summer as Swiss carrier Edelweiss Air launches operations between Zurich and the Georgian capital. The airline, a subsidiary of the Lufthansa Group, will begin flights on ...
Georgia’s revenue service imposes tax lien on largest mining company
The Revenue Service of Georgia has placed a tax lien on the country’s largest mining company, Georgian Manganese. The precise amount of outstanding debt that prompted the decision, which is dated January 16, 2025, has not been publicly disclosed. Th...
Underground mining operations in Chiatura to be discontinued due to financial losses
Chiatura Management Company (CMC), in agreement with Georgian Manganese, has decided not to resume underground mining operations in Chiatura, citing financial unviability. The decision was announced in an official statement released by the company. ...
Small business tax in construction increases 20-fold from February 1
As of February 1, small business owners in the construction sector will no longer benefit from a preferential tax rate, resulting in a significant tax hike. Under the new regulations, self-employed individuals providing construction services will no ...
Ex-PM Gilauri: “All indicators point to challenging year ahead”
Nika Gilauri, former Prime Minister and a founder and managing partner of the consulting firm Reformatics, expressed concerns about Georgia’s economic outlook during a meeting with business leaders. He stated that the ongoing political crisis in the...
National Bank of Georgia: ”Foreign exchange reserves increase by $324 million, reaching $4.45 billion”
Georgia’s foreign exchange reserves grew by $324 million in December 2024, reaching a total of $4.45 billion, according to the National Bank of Georgia (NBG). Natia Turnava, Acting President of the National Bank, emphasized the importance of buildin...
Georgian business leader calls for release of detainees and new elections
Giorgi Margvelashvili, co-founder of Tbilvino, has called on the ruling party to address the ongoing political crisis in Georgia by releasing detainees and announcing new elections. He made the statement after major business leaders met with Prime Mi...
TBC Bank, Bank of Georgia pledge 5 million GEL to aid citizens, businesses amid protests
TBC Bank and the Bank of Georgia on Thursday announced a joint commitment to allocate five million GEL to support citizens and small and medium-sized enterprises (SMEs) impacted by recent developments in the country. The banks emphasized their share...
