Economy

Temporary Closure of Republican Hospital in Georgia as Ministry of Health Prepares for Full Rehabilitation

The Ministry of Health in Georgia has announced plans to fully rehabilitate the Central Republican Hospital, resulting in the clinic's temporary closure and suspension of patient services.

Ministry of Health Probes Alleged Price Hikes in Oncological Medicines, Threatening Patients' Access to Treatment

The Ministry of Health reports an artificial increase in the prices of oncological medicines, which is a matter of concern for many citizens.

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.