Georgia's External Debt Decreased by USD 4.2 Million

As of February 29, 2020, Georgia's state external debt exceeded $ 5.673 billion (GEL 15.832 billion), down by $ 4.161 million compared to the previous month.

New Official Exchange Rate

The official exchange rate set by the National Bank of Georgia (NBG) has also been changed and shows that from today 1 USD will cost 3.0118 GEL, which means that Lari reached record-high depreciation against Dollar. 

AirBaltic Suspends Operation of Riga-Tbilisi Airline to Prevent the Spread of COVID-19

To prevent the spread of COVID-19, airBaltic has been suspended operation on Riga-Tbilisi route since March 16.

Giorgi Gakharia: We make Sure that Citizens won't Encounter Deficit on Groceries and Household Items

"Our key goal is to make sure that citizens of this country encounter no deficit on groceries or other household consumption products" announced Giorgi Gakharia, Prime Minister of Georgia at a meeting.

Lufthansa to Cancel 23,000 Flights

In total, Lufthansa Group will cancel 23,000 flights from March 29th till April 24th.

Batumi Airport Expansion Project to be Completed by the End of November

The Batumi International Airport expansion project will be completed by the end of November 2020. As a result, the airport will serve 1.2 million passengers a year.

21% of the Flights Scheduled for March Canceled at Tbilisi Airport

Coronavirus outbreak has significantly reduced its scheduled flights to Tbilisi International Airport.

Coronavirus Effect – Hotels Suspend Operation in Tbilisi

Hotels in Tbilisi started suspending operation because of cancelled bookings, Shalva Alaverdashvili, founder of the Federation of Restaurants and Hotels told BM.Ge.

Top Investor Countries of Georgia - the UK Ranks the First Place

The largest investor in Georgia is the United Kingdom. British investors in Georgia increased their foreign direct investment volume by 38% in 2019 and invested $ 247.8 million in the Georgian economy.