CONGRESSMAN WILSON: I TOLD TRUMP ABOUT THE IVANISHVILI’S REGIME ASSAULT ON FREEDOM

I told US President-elect Donald Trump “about the Ivanishvili regime’s assault on freedom and corrupt dealings with the CCP and Iranian regime”, US Congressman Joe Wilson posted on social network X.

Wilson also said that he “shared our Friends of Georgia letter”, referring to the sanction of Ivanishvili’s entourage. More...

IN 2024, GEORGIA’S FOREIGN TRADE GREW BY 8% Y-O-Y

In 2024, Georgia’s commodity trade turnover (excluding undeclared trade) amounted to $23.43 billion, Sakstat reported. If compared to 2023, the volume has increased by 8%. More...

“GALT&TAGGART” EXPECTS THAT GEORGIA’S CURRENT ACCOUNT DEFICIT OF 2024 TO MAKE UP 4.9% OF GDP

In the next weekly review, Galt&Taggart said that they expect that Georgia’s current account deficit in 2024 will make up 4.9% of GDP. As the company noted, the expected ratio is an improvement since 5.6% of 2023. More...

AT THE END OF 2024, VOLUME OF LARI SUPPLY HAS INCREASED BY 11.5% Y-O-Y

As of December 31, 2024, volume of national currency supply amounted to 6.62 billion lari, the National Bank of Georgia reported (estimation). If compared to December 31, 2023, the volume has increased by 11.5% (by 682.9 million lari). More...

GEORGIAN PENSION AGENCY: IN TERMS OF ACCUMULATED GAIN, LEADER AS OF END OF 2024 WAS DYNAMIC PORTFOLIO

Georgian Pension Agency reported that according to the results of 2024, a dynamic portfolio leads in accumulated gain.

The Agency specified that in the period from August 6, 2023 (when 3 investment portfolios were introduced) to December 31, 2024, the real gain of the dynamic portfolio made up 15.3%, of the balanced portfolio – 14.3%, the conservative portfolio – 12.8%. More...

EURO-5B REQUIREMENT FOR TRUCKS AND BUSES HAS ENTERED INTO FORCE IN GEORGIA

Starting from 2025, primary or temporary registration for trucks and buses will be possible if they meet the Euro-5b standard, Georgian Ministry of Environment Protection and Agriculture reported. The similar requirement for cars and minibuses has been in force since 2024. More...

“FINSPOT”: MOST GEORGIAN CONFECTIONERIES HAVE QUITE GOOD PROFITABILITY

Most Georgian confectionery enterprises have quite good profitability indicators, the analytical site FinSpot said in a review. The review considers data of 6 local companies, largest of which are Madart, Tortini and Bella Confectionery. More...

REGISTRATION CANCELLED TO MICROFINANCE ORGANIZATION “CAPITAL EXPRESS”

The National Bank of Georgia (NBG) reported about cancellation of registration of the microfinance organization Capital Express.

The microfinance organization has been moved into liquidation mode. More...

Forbes Georgia: “LIST FOR SANCTIONING OF IVANISHVILI’S SURROUNDING SENT FROM CONGRESS TO RUBIO – “RADIO LIBERTY””

The US Congress sent a letter to the future US Secretary of State Marco Rubio, which refers to current events in Georgia and at the same time presents a list of persons, who face sanctions, the magazine reports referring to Radio Liberty.

The list of 25 people includes family members (spouse, brother and cousin) of Bidzina Ivanishvili (billionaire founder and honorary chairman of the Georgian Dream), as well as leaders of the Georgian Dream, ministers and other officials. More...

Netgazeti.Ge: “LIMIT OF RUSSIAN ELECTRICITY IN ABKHAZIA MAY EXPIRE BY FEBRUARY 18”

The “humanitarian supply” of electricity from Russia to Abkhazia, taking into account restrictions, may be enough until February 18, says Timur Jinjolia, executive director of Chernomorenergo (state-owned energy company of the self-proclaimed Republic of Abkhazia).

On December 23, 2024, at the request of the de facto government of Abkhazia, Russia started “humanitarian supply” of electricity. More...

Bankebi da Finansebi: “LEVAN SILAGAVA – CANCELLATION OF IMPORT TARIFF MEANS THAT FLOUR MILL SHOULD BE STOPPED AND WILL NOT BE ABLE TO BUY WHEAT DURING A SEASON, I.E. PROBLEM WILL ARISE IN 2 INDUSTRIES”

Removal of flour import duty means that local mills will be forced to stop and will not be able to purchase wheat during the season, says Levan Silagava, executive director of Georgian Wheat and Flour Producers Association.

Bakers demand removal of the duty, but 2 industries (grain producers and flourmills) will face problems in this case, says Silagava and adds that a decision should be made that “takes into account the interests of all 3 industries”. More...

Bankebi da Finansebi: “DAVID PERADZE – “GEORGIAN RAILWAY” FINISHED 2024 WITH PROFIT”

Georgian Railway finished 2024 with profit, says director general of the state-owned company David Peradze. Revenue grew by about 8% and exceeded 686 million lari, operating profit grew by 22%, while EBITDA margin reached 31%, he specifies. More...

AVERAGE HOTEL PRICES AND HOTEL PRICE INDEX IN GEORGIA (DECEMBER 2024)

In Georgia, the average cost of a room¹ in a 3-star hotel was 154 GEL per night in December 2024, while the average cost of a room in a 4-star hotel in Georgia was 238 GEL per night and the average cost of a room in a guesthouse² was 110 GEL per night.

The average cost of a room in a 5-star hotel in Georgia in December 2024 was 444 GEL per night. More...