Economy

Czech Republic Allocates €230,000 to Support Georgian Civil Society and Independent Media

The Czech Republic has announced an allocation of €230,000 in emergency assistance to support Georgian civil society and independent media.

Goga Melikidze Departs Pension Agency for Private Sector Role

As of December 2024, Chief Investment Officer Goga Melikidze has officially stepped down from his position at the Pension Agency.

New Tskaltubo 500 Substation Opens, Project Cost ₾19.6 Million

A new substation, "Tskaltubo 500," has been inaugurated in Tskaltubo, marking a significant milestone in the development of Georgia's power grid.

UK Suspends Bilateral Cooperation with Georgia Amid Rising Concerns

The United Kingdom has announced a suspension of several cooperative initiatives with the Georgian government, citing unacceptable violence and political instability

Bidzina Ivanishvili Speaks with French President Emmanuel Macron; Conversation Initiated by Macron

The founder and honorary chairman of "Georgian Dream," Bidzina Ivanishvili, held a telephone conversation with French President Emmanuel Macron.

EU Commission Urges Georgia to Address Key Issues to Maintain Visa Liberalisation

The European Commission has raised concerns about recent developments in Georgia, hinting at the potential activation of the visa suspension mechanism for specific categories of individuals.

Georgia's FDI Volume Drops by 55.2% in Q3 2024 - Geostat

Preliminary data from "Geostat" reveals a significant decline in foreign direct investment (FDI) in Georgia for the third quarter of 2024.

ADB Approves $25 Million Loan to Enhance Vocational Education in Georgia

The Asian Development Bank (ADB) has approved a GEL 68,198,000 (USD 25 million) budgetary loan to support Georgia's efforts to improve the quality and accessibility of vocational education.

Davit Narmania: Participants Saved an Average of 400,000 GEL Through Energy Exchange Trading

I positively evaluate the activity on the energy exchange under the voluntary trade conditions and believe that trading on the energy exchange will become even more dynamic in the next stage.