GEORGIAN PREMIER: FOR US, THE US IS NUMBER ONE STRATEGIC PARTNER, BUT SOMETIMES THERE MAY BE CERTAIN DIFFERENCE IN OPINIONS BETWEEN COUNTRIES

“For us, America is the number one strategic partner”, but “sometimes, there could be certain mismatch of opinions between countries”, Georgia’s Prime Minister Irakli Garibashvili declared today.

“This is a natural process,” “our country has its own interests, America surely has its own goals and interests”, the Premier told journalists. More...

GEORGIAN PREMIER: WE DESERVE STATUS, OTHERWISE, EU DECISION WILL BE INEXPLICABLE, UNACCEPTABLE AND OFFENSIVE

Georgia, taking into account the carried out reforms, the achieved progress and the difficult geopolitical situation, deserves the status of the EU membership candidate country, Georgia’s Prime Minister Irakli Garibashvili declared.

Otherwise, “it will be another strategic mistake of the EU” and “their decision will be inexplicable”, the Premier told journalists today. More...

GEORGIA’S ESTIMATION BY GLOBAL COMPETITIVENESS RATING IS PLANNED

Georgia will be estimated in accordance with the World Competitiveness Ranking of IMD, reports the National Bank of Georgia (NBG). Swiss International Institute for Management Development (IMD) publishes the ranking annually. More...

NBG PUBLISHED LIST OF POTENTIAL PARTNERS FOR CBDC PILOT ENVIRONMENT

Today, National Bank of Georgia (NBG) published a list of 9 companies, potential technology partners in creation of a pilot environment for the central bank’s digital currency (CBDC). NBG will review the technological solutions of these companies and eventually identify one partner. More...

“PASHA BANK GEORGIA” FINISHED Q2 WITH LOSS

Pasha Bank Georgia reported loss of 1.27 million lari for the 2^nd quarter. If compared to the same period of 2022, the volume has decreased 5 times. More...

IN Q2, PROFIT OF “ISBANK GEORGIA” MADE UP 9.16M LARI

Isbank Georgia reported net profit of 9.16 million lari for the 2^nd quarter. Report of the bank does not provide comparison with the same period of 2022. More...

IN Q2, PROFIT OF “ZIRAAT BANK GEORGIA” DECREASED BY 15.8% Y-O-Y

Ziraat Bank Georgia reported net profit of 2.66 million lari for the 2^nd quarter. If compared to the same period of 2022, the volume has decreased by 15.8%. More...

GEORGIAN FINANCE MINISTRY’S INVESTIGATIVE SERVICE LAUNCHED CRIMINAL PROCEEDINGS AGAINST 8 PERSONS ON FRAUDULENT SEIZURE OF MONEY IN LARGE AMOUNT

Investigative service of Georgian Finance Ministry declared about criminal prosecution against 8 persons, launched on the fact of fraudulently seizure of money in large amount. This fact was revealed in coordination with the district prosecutor’s office of Kakheti, the agency notes. More...

Netgazeti.Ge: “WHAT GEORGIA IS LOSING IF MONETARY FUND SWITCHES “GREEN LIGHT” OFF?”

The IMF program on support to Georgia has been suspended, which was caused by the processes around the National Bank of Georgia (NBG).

In April 2022, the IMF and Georgia agreed on a 3-year program, which envisaged allocation of $289 million to the country within the Stand-By Arrangement. More...

Bankebi da Finansebi: “FUNDAMENTAL CHANGE OF PROPERTY TAX PRINCIPLES IS BEING CONSIDERED – FINANCE MINISTRY IS WORKING ON PROPERTY TAX REFORM”

Georgian Finance Ministry is working on property tax reform, chairman of Georgian Parliament’s Committee on Branch Economy and Economic Policy David Songulashvili declared. A fundamental change in principles of property taxation is being considered, he pointed. More...

Tabula: ““EDISON RESEARCH”: IF ELECTIONS WERE HELD TODAY – “DREAM” – 37%, “VICTORY PLATFORM” – 22%”

According to findings of a public opinion poll, conducted by Edison Research, if parliamentary elections in Georgia were held today, 37% of voters would cast a vote for the ruling Georgian Dream.

22% of respondents named Victory Platform, 10% – For Georgia. 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...