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Economics

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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...

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...

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...

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...

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...

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...

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...

FDI in Georgia falls by 55.2% in Q3 2024, Geostat Reports

The volume of foreign direct investments (FDI) in Georgia for the third quarter of 2024 amounted to 197.7 million USD, marking a 55.2% decrease...

Georgian Manganese suspends operations, thousands of jobs in Georgia impacted

Starting Friday, Georgia’s Chiatura manganese mine and Zestaponi ferroalloy plant will cease operations temporarily, affecting thousands of employees who now face several months of...

Georgia, Seychelles sign air traffic deal at ICAN 2024

Georgia and the Republic of Seychelles have formalized an air traffic agreement at the International Civil Aviation Negotiations (ICAN 2024) in Kuala Lumpur, Malaysia,...
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