Economy

Rothschild & Co and KAISER PARTNER Working on Transforming Georgia into Regional Financial Hub

The development of a strategy for the transformation of Georgia into a regional financial hub is advancing within its active phase at the premises of Rothschild & Co and KAISER PARTNER.

Where Does Georgia Buy Fuel? - Three Countries Georgia Purchased Fuel From in 2021

Georgia imported 1,453,707,000 liters of gasoline and diesel in 2021, up 7.2 percent from the previous year.

Georgia's Economic Relations with Ukraine and Russia

The war between Ukraine and Russia is economically damaging for Georgia, as our country has very close economic relations with both countries. 

Annual Inflation at 13.7% in February

Inflation growth slowed slightly in February, although the rate remains high.

Georgian PM: We Welcome Council's Decision on Reviewing Our Application

"We welcome the Council’s decision to ask the European Commission to examine the applications for the EU membership submitted by Georgia-Moldova-Ukraine", - Georgian Prime Minister Irakli Garibashvili tweeted.

Economist Oto Abesadze on Georgian Lari Depreciation and Increased Fuel Prices

"As a result of extrapolation in the dynamic range over time, fuel will increase by 50 tetri and the Georgian Lari will depreciate by 40 tetri again," economist Oto Abesadze wrote on his Facebook page.

Pegasus Airlines Suspends Flights to Russia from March 10

Turkish low-cost airline Pegasus Airlines will suspend flights to Russia from March 10.

Vera Kobalia: Aviation Charity Campaign Launched to Help Ukraine

Vera Kobalia, Advisor to the Canadian government and former economy minister of Georgia declares that an aviation charity campaign has been launched to help Ukraine.

EU Agreed to Begin Reviewing Georgia's, Ukraine's, and Moldova's Membership Bids

In the wake of Russia's invasion, the EU has agreed to begin reviewing Ukraine, Georgia, and Moldova's membership applications.