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
TBILISI, July 25 – Georgia has opened a sabotage investigation after two nationwide power failures struck on consecutive days, while Parliament Speaker Shalva Papuashvili called the repeated shutdowns an “unusual event”. The State Security Service said Saturday that it had launched the investigation following emergency electricity cuts across the country on July 24 and July … Read more
TBILISI, July 25 – Georgia’s power system collapsed again Saturday morning after a major transmission line went offline, the director of the Enguri hydropower plant said. Levan Mebonia, director of Enguri HPP, told pro-opposition TV Pirveli that the outage was caused by the shutdown of the 500-kV “Imereti” line. He said a heavy load was … Read more
TBILISI, July 24 – Georgia sharply increased electricity imports in the first half of 2026, with Russia and Turkey together supplying more than two thirds of the imported power, BPN reported Friday, citing data from Georgia’s National Statistics Office. From January through June, Georgia imported electricity worth USD 39.615 million. In the same period last … Read more
TBILISI, July 7 – Georgia says it will keep control of the planned Anaklia deep sea port, a major Black Sea project that the government presents as a key part of the Middle Corridor trade route between Asia and Europe. Economy Minister Mariam Kvrivishvili said on Monday that the project model has been changed, Rezonansi … Read more
TBILISI, July 2 – Georgian company Black Sea Petroleum says it will begin processing only non-Russian crude oil from August or September this year, in a move it says is part of market diversification. The company made the announcement in a statement dated July 1, cited by Interpressnews. Black Sea Petroleum said the switch to … Read more
TBILISI, June 27 – Georgia has launched the second phase of development at the new Poti port, a project officials say will strengthen the country’s role as a transport hub between Europe and Asia. The expansion comes as cargo traffic through the Middle Corridor is rising. The route links China and Central Asia to Europe … Read more