Scope Ratings, the European credit rating agency, downgraded the issuer rating of the Georgian development company JSC Lisi Lake Development to B- from B+ and revised the outlook to negative from stable. The rating agency also downgraded the seni...
In January 2024, the total amount of money transferred to Georgia experienced a decline, marking a 40.8 percent decrease compared to the same period last year, according to the latest data released by the National Bank of Georgia. The decrease in re...
Georgia took the second spot in wine exports to Russia in 2023, as reported by Yevgeny Shcherbakov, head of the wine department at Luding Group, to the Russian government media outlet Tass. Shcherbakov revealed that Italy secured the top position i...
Georgia’s Revenue Service on Tuesday confirmed the presence of harmful organisms in 20.91 tons of potatoes that were intended for imports to Georgia. A vehicle carrying potatoes from Russia was intercepted at the customs checkpoint Kazbegi, in the ...
The Tbilisi-based Georgian Airways has announced the commencement of flights from Batumi, western, coastal Georgia, to Moscow, starting April 2. Tickets for these flights are now available for purchase through the airline’s official website. Previou...
Banks operating in Georgia lent ₾1.46 billion in December alone, official data by the National Bank of Georgia said this week. As of December 2022, the banks had lent ₾44.79 billion. The recent eviction of a family in Tbilisi due to a bank ...
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 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...
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...
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 ...
