TBILISI, December 4 – Georgia’s Black Sea oil business was rocked again on Thursday as three employees of the Batumi oil terminal were detained on charges of bypassing customs procedures and illegally disposing of more than ten thousand tons of crude. The State Investigative Service said the value of the undeclared oil exceeds 15 million … Read more
TBILISI, December 4 – Starbucks may finally be on its way into Georgia’s food and beverage market, with talks underway for a possible 2026 launch. The negotiations are being led by the Alshaya Group, a franchise operator in the Middle East and Europe, while Starbucks’ regional operations would be handled by Shaya Turkey, the company … Read more
TBILISI, December 2 – Georgia has cut planned funding for the construction of the Anaklia deep-sea port, one of the country’s most ambitious infrastructure projects, according to the final version of the 2026 state budget submitted to parliament. The government now intends to spend 50 million lari (18 million USD) next year on the port’s … Read more
TBILISI, November 25 – Georgia has opened a major new power facility in Tbilisi as part of a long-running plan to modernize the capital’s electricity network. The Krtsanisi high-voltage substation, built by the private utility Telasi, was formally launched today, after more than a year of construction work carried out under the national energy regulator’s … Read more
TBILISI, November 24 – Georgia’s National Bank expects inflation to settle back toward its long-term target next year after a temporary jump driven mostly by food prices, the bank’s president Natia Turnava told lawmakers on Monday. Turnava delivered the bank’s latest projections to Parliament’s Finance and Budget Committee during the presentation of its 2026–2028 monetary … Read more
TBILISI, November 11 – Georgia’s government announced plans on Tuesday to reform how it buys goods and services, in what officials call a major step toward increasing transparency and limiting corruption risks in public spending, BM reports. The reform centers on a new electronic system for “market research,” the stage where government agencies estimate the … Read more
TBILISI, November 6 – Georgia’s central bank is facing growing criticism from economists after admitting it can no longer keep inflation under control and raising its forecast for next year. The National Bank of Georgia (NBG) said Thursday it now expects prices to rise faster than previously projected, while keeping its key refinancing rate unchanged … Read more
TBILISI, October 31 – Georgia’s electricity imports more than doubled in the first nine months of 2025, while exports fell sharply, according to new figures from investment firm Galt & Taggart. Between January and September, Georgia imported 1.1 terawatt-hours of electricity, a year-on-year increase of 129.3 percent, BNP reports. Nearly 60 percent of that power … Read more
TBILISI, October 30 – The International Monetary Fund (IMF) says it is ready to consider a new support program for Georgia if the government requests one, as the country continues to post strong growth but faces challenges from inflation, global uncertainty, and unfinished reforms. Speaking at a press briefing on Wednesday, Jihad Azour, the IMF’s … Read more
TBILISI, October 30 – Producer prices in Georgia rose again in September, led by higher costs in food manufacturing and energy, according to new data from the National Statistics Office (GeoStat). The latest figures come as figures from the country’s wheat harvest show yields slightly improved from last year but quality and weather disruptions pushing … Read more