Central Election Commission to Invest $4.5 Million in Electronic Vote Counting Technology
The Central Election Commission (CEC) has entered into a $4.5 million contract with British company Smartmatic International Holding for electronic vote counting and biometric authentication of voters.
Georgia's Fintech Market Poised for Rapid Growth, Expected to Exceed $1 Billion in Digital Payments by 2023
According to STATISTA, the fintech market in Georgia is poised to exceed $1 billion in digital payments by 2023, and to reach $2 billion by 2027.
Georgia's Mortgage-Backed Bond Market Estimated to Reach ₾3 Billion in Next 2-3 Years.
Nikoloz Gagua predicts the volume of mortgage-backed bonds in Georgia will reach ₾3 billion within the next 2-3 years, following the adoption of legislative framework by Parliament and regulatory rules by the National Bank.
Reclamation Infrastructure Projects Worth Up To GEL 20 Million to Commence in Kvemo Kartli
Rehabilitation projects valued up to GEL 20 million are scheduled to begin in the Kvemo Kartli region in 2023.
Changing Trade Patterns: Armenia Emerges as Georgia's Top Export Country in 2023
Geostat, the national statistical service of Georgia, has released a report on the country's foreign trade, revealing an increase in exports in the first two months of 2023.
Rehabilitation of 21 km Section of Tbilisi-Tianeti Road Underway
The Department of Highways of the Ministry of Regional Development and Infrastructure of Georgia has begun rehabilitation works on a 21 km section of the Tbilisi-Tianeti highway of domestic importance.
Banking Sector to Lose ₾400 Million Due to Countercyclical Buffer Implementation
The implementation of a 1% countercyclical buffer is projected to result in the banking sector losing no more than 400 million GEL, according to SEB Vice-President Papuna Lezhava.
Foreign Students Contribute 260 Million GEL to Georgian Universities in 2022-2023 Academic Year
Study reveals significant growth in foreign student enrollment and financial contributions to Georgian higher education.
Rate of FDI in Georgia Reached a Historical Maximum and Exceeded $2 Billion
The Vice Prime Minister and Minister of Economy and Sustainable Development announced that Georgia received over 2 billion dollars in foreign direct investment in 2022, a historic high for the country.