Business

Georgia Sources Half of Smartphone Imports from UAE, Totaling Over $155 Million

In 2022, Georgia imported a record-breaking $323 million (904 million GEL) worth of mobile phones, a $98 million increase from the previous year.

AI Takes Over the DJ Booth at London Nightclub

At a recent event in a London nightclub, partygoers danced to music generated by artificial intelligence (AI) rather than a human DJ.

Georgian Coffee House Brand 'Erti Kava' Plans $1M Coffee Factory and Training Center in Tbilisi

Georgian coffee house brand "Erti Kava" has announced plans to open a coffee processing training center and factory in Tbilisi.

Bank of Georgia Supports Opening of Royal Tulip Hotel in Tbilisi

The luxury hotel is a $5.3 million investment, marking another milestone in the bank's commitment to the business and hospitality sectors.

A Flourishing Community and Cultural Hub Emerges in Orbeti Village

Irakli Gaprindashvili, the founder of "Satibe", shares his ambitious plans to transform the village into a vibrant tourist center and bread road.

₾13 Million Allocated for the Construction of Zugdidi Sports Complex

The Municipality Development Fund will oversee the construction of a new sports complex in Zugdidi, financed by a credit from the Asian Development Bank, with a budget of 13 million GEL.

Number of Electric Cars Increased by 27% in One Year

According to the Statistics Service, Georgia's vehicle fleet has grown by almost 5% in one year, with an 11% increase in hybrid vehicles and a 27% increase in electric cars.

Germany Intrested in Chirifruit's Sugar-Free Products

The Georgian sweets company, Chirifruit, is set to export its products to the European Union after receiving an order from Germany for a sugar-free product made with Georgian dried fruit and chocolate.

EU and EBRD Back Historic Placement of 25 Million GEL Social Bonds on Georgia's Capital Market

The European Union and the European Bank for Reconstruction and Development (EBRD) have announced their support for the issuance of social bonds worth 25 million GEL by "JSC Microfinance Organization Crystal