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).
US and EU Automobile Exports from Georgia to Russia Prohibited
Beginning August 1, the export and re-export of American vehicles from Georgia to Russia has been banned, according to the revenue service of the Ministry of Finance.
Georgia's Economy Records 7.7% Growth in June
As per the preliminary estimates from Geostat, Georgia's economy experienced significant growth in June 2023,
US State Department Commends Georgia's Investment Climate
The US State Department recently published a report lauding the investment environment in Georgia, attributing its success to economic stability and progressive reforms undertaken by the nation.