Economy

Ten out of Fifteen Commercial Banks Found to have Declining Profits

The rate of profitability of the Georgian banking sector is declining. According to statistics published by the National Bank of Georgia (NBG), commercial banks received profits of 198,601,000 GEL.

Boosting Spatial, Social and Economic Mobility Crucial for Achieving Shared Prosperity in the South Caucasus, Says the World Bank

The notable improvements that the people of the South Caucasus have experienced are reflected in better living standards that allowed poverty to be reduced by half in the 12 years between 2005 and 2017.

EBRD Forecasts Georgia's GDP Growth of 4.5% this Year

EBRD has issued a new forecast for Georgia's GDP growth. The bank forecasts a 4.5% increase in Georgia's economic output in 2019.

Georgian International Arbitration Center (GIAC) held Meeting to Promote Professional Skills Development in Arbitration Sector

The event was organized by the International Arbitration Center (GIAC), where an important part of the arbitration proceedings - procedural conference, procedural issues resolution and their results were discussed.

Reasons Behind the Slowdown in the Imports of Main Products

In the first quarter of 2019, the period from January to March, Georgia’s imports made up 2 billion USD, down 4.7% year on year (-100 million USD).

Kakha Kaladze Presented New Green Color Municipal Buses

The Mayor of Tbilisi, Kakha Kaladze presented 10-meter municipal buses of MAN brand.

Keti Aleksidze to Continue her work at Georgian Post

Former head of "Georgian Airports Association" will continue to work in "Georgian Post".

Georgia Launched Electricity Exports to Turkey and Russia

According to Electricity System Commercial Operator (ESCO), Georgia launched electricity exports to Turkey and Russia in May, 2.78 million kw/h a day – to Turkey and 2.61 million kw/h to Russia. 

Kutaisi Airport Served more than 2 Million Passengers in 7 Years

Kutaisi International Airport has served  2 053 742 passengers from March 2012 to March 2019 since its launch date.