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.
Venice Commission Issues Opinion on Georgia's Judicial Reform
The Venice Commission has published an opinion on Georgia's Organic Law on Common Courts, urging the country to implement a comprehensive judicial reform strategy based on a broad and inclusive consultation.
Chinese Company Named as Contractor for Collapsed Section of East-West Highway
The Chinese state company China Road and Bridge Corporation has been identified as the contractor responsible for the Ubisa-Shorapni section of the East-West highway, where a section of the road collapsed on March 13.
Tbilisi is Hosting EU Regional Ambassadorial
Georgia's Prime Minister, Irakli Gharibashvili, recently hosted a dinner for a visiting EU delegation at Mtatsminda, where he discussed Georgia's European integration process with the diplomats.
Armenia Offers India a Trade Corridor through Georgia
The Armenian government proposes a Persian Gulf-Black Sea trade corridor through Georgia to connect India with Russia and Europe, bypassing Azerbaijan and benefiting from Indian funding and expertise.
Georgia Secures New Investor for Kulevi Oil Refinery Project
Recently, the Georgian Minister of Economy, Levan Davitashvili, announced that a new investor, Black Sea Petroleum, will take over the operation of the Kulevi oil terminal.
Georgian Companies Experience Significant Drop on London Stock Exchange
The capitalization of three Georgian companies listed on the London Stock Exchange experienced a significant drop, with a total decrease of £185 million from the previous week.