Successful Rural Development Projects Launched and Equipment Delivered in Tetritskaro

On 26 July 2019, the launch event of the Adventure-Rope Park and Algeti National Park Visitor’s Center was held along with the official hand-over of equipment to successful grant applicants.

Azerbaijan, Turkey and Georgia Start Cooperation in Hazelnut Production

Every year, economic and trade relations between Azerbaijan, Georgia and Turkey diversify and cover new areas.

Georgian Companies Lose 900 million GEL at London Stock Exchange

At London Stock Exchange (LSE) the capitalization of four Georgian companies (Bank of Georgia, Georgian Capital, Georgian Healthcare Group and TBC Bank) declined by 254 million GBP (900 million GEL) for one week, according to the Galt&Taggart indicators.

World Atlas: What Are The Biggest Industries In Georgia?

World Atlas reports that the industrial sector contributes 24.6% to the GDP of Georgia. The edition lists the biggest industries in Georgia.

Georgia’s Highlands to Benefit from a Four-year Development Strategy

Georgia is famous for its soaring mountain peaks, which attract thousands of tourists for skiing and hiking holidays.

EBRD Statement on TBC Bank Group Georgia

The EBRD notes the recent board changes at TBC Bank Group PLC. The bank is a solid financial institution led by a strong management and an independent board of directors.

Monetary Policy Rate Unchanged - GEL Assessed as Likely Undervalued

On its 24th of July meeting, the Monetary Policy Committee (MPC) of the National Bank of Georgia decided to keep the policy rate unchanged at 6.5%.

Trade Balance Continued to Improve in June

Exports remained flat (-0.2% YoY) in June when expressed in USD. In EUR and GEL growth stood at 3.3% and 12.8%, respectively.

Georgian Port of Batumi is the Main Gateway for Cargo Transportation to Azerbaijan from European countries.

Georgian port of Batumi is the main gateway for cargo transportation to Azerbaijan from European countries. Batumi Sea Port has revealed cargo transportation volumes for the first half of this year.