TBILISI, October 27 – Georgian households could soon pay different rates for gas and water depending on how much they use, under a bill passed by parliament in its first reading Tuesday. The proposal would give Georgia’s energy and water regulator, GNERC, the power to set different household tariffs based on consumption. Parliament is considering … Read more
TBILISI, October 14 – Lukoil’s Georgian petrol-station business could come under new ownership through a proposed US-backed purchase of the Russian oil company’s overseas assets, as temporary sanctions permissions approach their expiry dates. Reuters reported on October 8 that US envoy Jared Kushner and Russian negotiator Kirill Dmitriev had discussed a purchase involving the US … Read more
TBILISI, October 12 – Georgia is working to persuade Russia to reverse new restrictions on products from several major Georgian companies, Prime Minister Irakli Kobakhidze said Monday. “We are looking into this issue and hope that this decision will be changed. We are working on it,” Kobakhidze told reporters. Russia introduced the restrictions on October … Read more
TBILISI, October 9 – Georgia’s government has pushed back against calls to temporarily cut fuel excise taxes, arguing that even halving the tax would not be enough to return gasoline and diesel prices to where they were six months ago. Deputy Finance Minister Giorgi Kakauridze made the case at a joint parliamentary committee meeting on … Read more
TBILISI, September 29 – Georgia’s parliament is considering changes that would sharply raise the income threshold for paying property tax. A bill submitted to parliament on Monday would scrap the current 40,000-lari household income threshold and leave only a 100,000-lari threshold for property tax liability. The amendments to the Tax Code have already been presented … Read more
TBILISI, September 18 – Georgia’s economy expanded by 6.9% year-on-year in the second quarter of 2026, with transport, technology and entertainment among the strongest-performing sectors. According to preliminary figures released by the National Statistics Office (GeoStat) on Friday, gross domestic product reached 28.15 billion Georgian lari at current prices during April-June, up from 25.58 billion … Read more
TBILISI, September 12 – Georgia’s pension fund has passed 10 billion lari in total assets, with roughly 30% of that amount coming from investment gains, the fund said Friday. According to the Pension Fund, 7 billion lari of the total came from contributions by participants, employers and the state, while 3 billion came from investment … Read more
TBILISI, September 7 – Fuel prices have increased sharply in Georgia, adding to inflation and prompting opposition calls for the government to temporarily cut the excise tax on gasoline and diesel. TBC Capital said on Friday that gasoline and diesel were responsible for nearly half of Georgia’s seasonally adjusted monthly inflation in August. Annual inflation … Read more
TBILISI, August 5 – Large parts of Georgia lost electricity again on Wednesday evening, marking the country’s third major power outage in less than two weeks. The Georgian State Electrosystem said the latest shutdown happened during technical work at the Enguri hydropower plant following the nationwide grid failures of July 24 and July 25. According … Read more
TBILISI, August 3 – The planned deep-sea port at Anaklia has moved to its next stage of construction, as the first dredging vessel arrives in the project’s maritime zone. The planned new port at Anaklia, on Georgia’s Black Sea coast, is considered a major step toward enhancing the country’s role in transiting cargo between Europe … Read more