Economy

Georgia Mobilizes Extensive Resources in Disaster Response Efforts

On this somber day of mourning, Georgia commemorates the lives lost in the recent natural disasters. The nation's grief is profound, especially for the families of the deceased.

International Allies Rally Around Georgia on 15th Anniversary of the 2008 War

On the poignant 15th anniversary of the August 2008 war, global partners have come forward, resoundingly expressing their unwavering support for Georgia.

Otar Shamugia Addresses Shovi Disaster: Findings and Facts Over Speculation

Minister of Environment Protection and Agriculture, Otar Shamugia, provided insights on the preliminary assessment of the Shovi disaster after a government session.

Davitashvili on Shovi Tragedy: "Some Disasters are Inevitable"

Minister of Economy, Levan Davitashvili, recently addressed his 2018 statement about the development of an early warning system, calling its recent attention "speculative".

Assessment on Shovi Disaster Released by the National Environment Agency

The National Environment Agency has issued its preliminary assessment regarding the causes behind the Shovi catastrophe.

Georgia Marks Days of Mourning

Georgia has declared August 7 as a day of mourning, following the Prime Minister's directive, in remembrance of the lives lost due to the tragic natural disaster on August 3, 2023, in the Oni municipality's Shovi resort.

Search and Rescue Operations Continue Amidst Shove Landslide Aftermath

On August 3, a devastating landslide occurred in the Shovi resort town, Oni municipality, impacting the vicinity of the Sunset Shovi hotel.

Ongoing Search for 35 Unreachable Individuals in Shovi Disaster Zone

The Minister of Infrastructure, Irakli Karseladze, announced that communication with 35 people in the disaster-stricken region of Shovi has yet to be established.

EBRD Commits $25 Million Investment in 'Georgian Capital' $150 Million Bonds

The European Bank for Reconstruction and Development (EBRD) has announced a substantial transaction in Georgia's capital market, with a $25 million investment in the $150 million bonds issued by JSC 'Georgian Capital' (GCAP).