economics
Transavia budget airline launches Amsterdam-Tbilisi route for Summer 2024
Transavia, the budget airline of the Kingdom of the Netherlands, is commencing operations at Tbilisi International Airport. During the summer navigation season of 2024, the airline will offer flights on the Amsterdam-Tbilisi-Amsterdam route. Starti...
Kutaisi International Airport expands parking capacity to accommodate 700 cars
Kutaisi International Airport has recently completed the expansion of its parking facilities, providing space for up to 700 cars. This development included the laying of 20,000 m2 of asphalt to cover the airport’s premises, roads, and footpaths. Ad...
Georgian airlines granted unlimited access to all Turkish cities
The civil aviation authorities from Georgia and Turkey have reached an agreement to revise regulations, allowing Georgian airlines the flexibility to conduct unlimited regular flights to any city in Turkey. The memorandum formalizing this update...
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...
