BECAUSE OF GRAVE SITUATION WITH HUMAN RIGHTS IN THE COUNTRY, GEORGIAN CIVIL ORGANIZATIONS TO TURN TO INTERNATIONAL MECHANISMS

In connection with grave situation with human rights in the country, Georgian civil society organizations will turn to international mechanisms, such as the Council of Europe’s Commissioner for Human Rights, ODIHR, UN special rapporteurs.

In the statement released today, the organizations indicated various crimes committed against the vast majority of peaceful demonstrators, including torture, inhuman and degrading treatment; illegality and inadequacy of the means used to disperse protests; illegal detentions and searches; deliberate assaults on journalists, etc. More...

GEORGIAN PREMIER: INTENTION OF RADICAL OPPOSITION WAS TO SLOW DOWN ECONOMIC DEVELOPMENT OF THE COUNTRY, BUT IMPLEMENTATION OF ALL ECONOMIC PROJECTS WILL CONTINUE

One of the goals of the radical opposition and its patrons was to impede economic development of the country, Georgia’s Prime Minister Irakli Kobakhidze declared at the news briefing today. “However, I have to disappoint them”, he said, stressing that “implementation of all economic projects will continue, investments will arrive”. More...

GEORGIAN ECONOMISTS TO “GEORGIAN DREAM”: RETURN THE COUNTRY TO THE PATH OF DEMOCRATIC DEVELOPMENT

Seeing inevitable, significant economic losses as a result of the recent decisions of the Georgian Dream, we call on the authorities of Bidzina Ivanishvili to return the country to the path of democratic development, where citizens will have freedom of expression and choice, Georgian economists said in the appeal. They demand also the immediate release of illegally detained protesters and the punishment of police officers who used violence. More...

NBG CONDUCTED FIRST CLIMATE STRESS TEST

The National Bank of Georgia (NBG) reported about first climate stress test being conducted in the country. The purpose of the stress test was assessment of the potential impact of climate risks on the financial sector of Georgia, NBG said. More...

FOR 9 MONTHS, NET PROFIT OF GEORGIAN INSURANCE COMPANIES INCREASED 1.8 TIMES Y-O-Y

For January-September, 19 insurance companies operating in Georgia reported a net profit of 114.6 million lari, Georgian State Service for Insurance Supervision reported. If compared to the same period of 2023, the volume has increased 1.8 times. More...

FOR 9 MONTHS, REIMBURSEMENTS BY GEORGIAN INSURANCE COMPANIES INCREASED BY 28% Y-O-Y

In January-September, reimbursements by 19 insurance companies operating in Georgia amounted to 573 million lari, Georgian State Service for Insurance Supervision reported. If compared to the same period of 2023, the volume has increased by 28%. More...

FOR 9 MONTHS, 3 TYPES OF INSURANCE ACCOUNTED FOR 74.5% OF PREMIUM ATTRACTED IN GEORGIA

In total premium, attracted by Georgia’s 19 insurance companies in January-September (982.57 million lari), 3 types of insurance accounted for 74.5%, or 731.77 million lari. In the same period of 2023, these 3 types accounted for 73.8%, Georgian State Service for Insurance Supervision reported. More...

3 COMPANIES ATTRACTED 59.6% OF GEORGIA’S TOTAL MEDICAL INSURANCE PREMIUM FOR 9 MONTHS

In January-September, 19 companies operating in Georgia attracted medical insurance premium of 428 million lari (year-on-year growth – 20.9%), Georgian State Service for Insurance Supervision reported.

In total volume, 3 companies accounted for 59.6%, or 255.3 million lari. More...

Rezonansi: “SITUATION IS AT A DEADLOCK – WHAT PROCESSES HAVE BEGUN AND WITH WHAT THE SEARCHES AND ARRESTS ARE ASSOCIATED”

On December 4, Georgian law enforcement agencies conducted searches in the offices of the opposition associations Unity – National Movement and Coalition for Change. Nika Gvaramia, one of Coalition for Change leaders, and other opposition figures were arrested. More...

Netgazeti.Ge: “PRESIDENT URGES PARTNER COUNTRIES TO TAKE ACTION AGAINST “GEORGIAN DREAM””

Hashtag #GeorgianProtests has to be renamed #RepressioninGeorgia, Georgian President Salome Zurabishvili posted on X.

“My urgent call to our partners and those who want to prevent crisis to go deeper and instability, it is time to put strong pressure on a ruling party that is driving the country over the cliff!”, the President says, warning “Do not be late… !” (published on December 4).

Tabula: “WHAT IS WRITTEN IN THE STATEMENT OF ANTONY BLINKEN?”

The US “strongly condemns the Georgian Dream party’s brutal and unjustified violence against Georgian citizens, protesters, members of the media, and opposition figures”, statement by the US Secretary of State Antony Blinken reads.

Blinken calls on Georgia’s ruling party “to cease its repressive tactics, including its use of arbitrary detention and physical violence, to attempt to silence its critics”. More...

Bankebi da Finansebi: “WE CATEGORICALLY REFUTE FALSE INFORMATION SPREAD ON SOCIAL NETWORKS – STATEMENT OF THE NATIONAL BANK”

“We categorically refute false information spread on social networks, which allege that some restrictions are imposed on conversion into foreign currency of deposits, placed in commercial banks, or transfer of funds in foreign currency abroad”, the National Bank of Georgia (NBG) states.

The NBG calls on the public to refrain from spreading “such misinformation”. More...

Rezonansi: ““IF AUTHORITIES DO NOT COME TO TERMS, THE PEOPLE WILL NOT STOP, WHICH WILL LEAD THE COUNTRY TO DESTRUCTION” – IGOR KVESELAVA”

Shevardnadze was in power for 11 years, then the corresponding period came, and he left, then Saakashvili was in power for 9 years, the corresponding period came and he left too, while now the Georgian Dream has been in power for 12 years, and they have the same period, and they must leave, says political analyst Igor Kveselava. He sees the way out of current crisis in the country in the coalition government. More...

Rezonansi: “CALLING BANK EMPLOYEES TO STRIKE ENRAGED ECONOMISTS”

“Today you can change the fate of this country: go on strike – this is your right, guaranteed by Constitution”, former president of the National Bank of Georgia Giorgi Kadagidze addressed the banking sector.

“Go on strike, helping those who are illegally detained, beaten, and strangled. More...

Bankebi da Finansebi: “WE THINK THESE ARE SHORT-TERM FLUCTUATIONS AND THE MARKET IS STABILIZING ITSELF – NATIA TURNAVA”

“Current depreciation of lari exchange rate is associated with expectation factors”, says acting president of the National Bank of Georgia Natia Turnava. “We believe that these are short-term fluctuations and the market is stabilizing itself”, she notes. More...

Tabula: “WHAT STRASBOURG COURT DECIDED IN KEZERASHVILI CASE?”

The European Court of Human Rights (ECHR) ruled that Georgian Supreme Court was biased in the case of former Georgian Defense Minister David Kezerashvili.

The Supreme Court found Kezerashvili guilty of embezzlement of approximately 5 million EUR within one of the Defense Ministry’s training projects and reversed the acquittal made by the Court of Appeal. More...

HOSPITALITY SECTOR IN GEORGIA

SUMMARY

Hospitality Sector in Georgia: Georgia’s hospitality industry benefits from the country’s wealth of cultural and natural attractions, offering unique adventure, culinary, and other experiences. Supporting the growing interest in these offerings, Georgia has 3,198 registered accommodation providers, though most of them are small-capacity family hotels and guesthouses. More...