GEORGIAN PREMIER: WE EXPRESS FULL SOLIDARITY TO UKRAINIAN PEOPLE

We fully empathize with the pain and need that Ukraine is now experiencing and express our full solidarity to the Ukrainian people, declared Georgia’s Prime Minister Irakli Garibashvili, speaking during debates at the 78^th session of the UN General Assembly in New York. The conflict in Ukraine reminds again of Georgia’s military trauma of 2008 (the Russian-Georgian war), he said. More...

GEORGIAN PREMIER: OUR MERITS DESERVE POSITIVE DECISION OF THE EU

Our merits deserve a positive decision of the EU (regarding assignment of membership candidate status), said Georgia’s Prime Minister Irakli Garibashvili, speaking during debates at the 78^th session of the UN General Assembly in New York.

According to the Premier, among the countries of the “associated trio” (Georgia, Ukraine and Moldova), “Georgia, in the rank of leader, has earned the status of a candidate for the EU.”

“We expect that Georgia’s indicative results and geopolitical context, existing in the region, will be fairly estimated”, Garibashvili said and emphasized that “assigning Georgia of the candidate status is the only way!”

GEORGIAN PREMIER: GEORGIA-INITIATED PROJECT OF BLACK SEA UNDERWATER CABLE CONSTRUCTION IS BEING ALREADY IMPLEMENTED

Currently, implementation of the EU’s flagship project on construction of the Black Sea underwater cable, which was initiated by Georgia, is already underway, declared Georgia’s Prime Minister Irakli Garibashvili, speaking during debates at the 78^th session of the UN General Assembly in New York.

This project envisages construction of underwater high-voltage transmission line, connecting the South Caucasus with South-East Europe, the Premier reminded. More...

GEORGIAN PREMIER: CONSTRUCTION OF ANAKLIA PORT IS THE MAIN PRIORITY OF MY GOVERNMENT

Construction of the deep-water port in Anaklia is the main priority of my government, said Georgia’s Prime Minister Irakli Garibashvili, speaking during debates at the 78^th session of the UN General Assembly in New York. Construction will begin in the near future, he said. More...

KUTAISI AIRPORT RECEIVED MILLIONTH PASSENGER

On September 24, Kutaisi Airport received millionth passenger for this year, declared the state-owned LLC Georgian Airports Association, which runs the airport.

As the LLC specified, a millionth passenger appeared German citizen, 36-year-old Peter Gotzinger. More...

IN Q2, PROFIT OF “CARTU BANK” DECREASED BY 15.7% Y-O-Y

Georgia’s Cartu Bank reported net profit of 17.1 million lari for the 2^nd quarter. If compared to the same period of 2022, the volume has decreased by 15.7%. More...

“VTB BANK GEORGIA” RECORDED PROFIT IN Q2 TOO

VTB Bank Georgia reported net profit of 14.96 million lari for the 2^nd quarter. In the same period of 2022, the bank had loss of 91.5 million lari. More...

IN Q2, LOSS OF “PAYSERA GEORGIA” AMOUNTED TO 955,141 LARI

Paysera Georgia, the only purely digital bank of Georgia, reported loss of 955,141 lari for the 2^nd quarter. In the same period of 2022, the bank had loss of 91.5 million lari. More...

Bankebi da Finansebi: “CHIEF ECONOMIST OF “TBC GROUP”: LARI WITHSTOOD PRESSURE”

The process, which is underway in National Bank of Georgia (causing already resignation of all three vice presidents), “affects lari to a certain extent too”, but “there are no large-scale fluctuations”, says Otar Nadaraia, chief economist at TBC Group. In one day, lari has depreciated by almost 1%. More...

Tabula: “THERE ARE CHANGES IN “PASHA BANK GEORGIA””

Nikoloz Shurgaia, chairman of board at Pasha Bank Georgia, resigned on September 20. The bank said that the new chairman will be named right after approval. More...

Tabula: “GEORGIA COULD NOT GET RIGHT TO TRADE ON RUSSIAN CURRENCY MARKET”

By decision of the Russian side, credit organizations and brokers of 32 “friendly and neutral countries” will have right to trade on the Russian currency market. Georgia is not included in this list. More...

Rezonansi: “ECONOMICALLY PROFITABLE, BUT POLITICALLY LOSING – HOW REAL IS OPENING OF A NEW ROAD CONNECTING WITH RUSSIA”

In Russia, talks have started about opening of the Roki Tunnel and the motorway passing through Tskhinvali and connecting Russia and Georgia, which was closed after the Russian-Georgian war of 2008.

If traffic by this road is restored, “the economic component is positive,” however, “from a political point of view, this is absolutely losing for us”, says Mamuka Areshidze, expert in Caucasus issues. More...

MONTHLY TOURISM UPDATE (AUGUST, 2023)

- Since the beginning of 2023, the tourism sector in Georgia has been showing signs of significant recovery. Therefore, with this background, it is interesting to analyze the latest hotel price dynamics in Georgia. More...