TBILISI, June 11 – The International Monetary Fund (IMF) has raised its 2026 economic growth forecast for Georgia to 6.5%, up from a previous estimate of 5.3%, BPN reported Thursday. The IMF said Georgia’s economy remains resilient, even as global uncertainty has increased because of the war in the Middle East. Real GDP grew by … Read more
TBILISI, May 27 – Georgia is bringing back an electricity barter scheme with Turkey, using surplus hydropower in summer to cover expected shortages later in the year. The change was approved by Economy Minister Mariam Kvrivishvili, and will mean that Georgia will export electricity to Turkey from May to July 2026 through the Electricity System … Read more
TBILISI, May 21 – A new study reveals that key parts of the business sector in the port city of Poti are controlled by just a handful of business groups. Georgia’s Black Sea port city of Poti is one of the country’s gates to the world. Cargo, fuel, grain, fish, terminals, warehouses and transport routes … Read more
TBILISI, May 13 – Georgia’s foreign trade turnover reached USD 8.13 billion in the first four months of 2026, up 1.7% from the same period last year, according to preliminary data from the National Statistics Office. The figure covers trade in goods from January through April and does not include undeclared trade. Exports showed the … Read more
TBILISI, May 6 – Georgia says construction has begun on the long-planned Anaklia deep-sea port, a major Black Sea project that the government calls strategic for the country’s economy and regional transport role. Economy and Sustainable Development Minister Mariam Kvrivishvili announced the start of construction during a visit to the Anaklia port site with Vice … Read more
TBILISI, May 5 – Georgia plans to invest about USD 1.7 billion in its railway system over the next 10 years, Prime Minister Irakli Kobakhidze said Tuesday, promising new trains, new freight capacity and a direct rail link to the planned Anaklia deep-sea port. Speaking at a presentation of what the government called the “historic … Read more
TBILISI, April 24 – Georgia has opened talks on adding more direct flights with China, including a possible new Tbilisi-Shanghai route, as trade and travel between the two countries continue to grow. The Georgian Economy Ministry said active negotiations have been under way for several months with Chinese airlines over the launch of regular flights … Read more
TBILISI, April 23 – Chinese energy companies have shown interest in oil and gas extraction in Georgia, the Georgian Economy Ministry said on Thursday, after a series of meetings in Beijing during Economy Minister Mariam Kvrivishvili’s visit to China. According to the ministry, Kvrivishvili met Wang Yutao, chairman of China ZhenHua Oil, one of China’s … Read more
TBILISI, April 8 – Georgia’s government says train travel is about to get faster and broader, with Prime Minister Irakli Kobakhidze announcing new rail directions from Tbilisi and major cuts in travel time on two key routes. Speaking at a government meeting on Wednesday, Kobakhidze said the railway network will add a Tbilisi-Kutaisi direction and … Read more
TBILISI, March 16 – Nearly three months after Prime Minister Irakli Kobakhidze criticized high retail markups, lawmakers are pressing supermarket chains to explain how shelf prices are actually formed. At the parliamentary commission’s seventh working session on Monday, representatives of large retail operators including Carrefour, Ori Nabiji, Nikora and Daily Group were called in to … Read more