TBILISI, October 1 – Georgia’s state-owned Enguri hydropower plant lost 45 million lari (about 16 million US dollars) in revenue last year by supplying free electricity to residents of Abkhazia, according to a Finance Ministry report attached to the draft 2026 state budget. The losses are not new. In 2023, the figure reached 40 million … Read more
TBILISI, October 1 – Georgia exported 2,900 tons of hazelnuts worth 24.7 million US dollars between August 1 and September 28 this year. Compared to the same period in 2024, the export value jumped by 36 percent, or 6.6 million dollars. The average export price for this one of the country’s most important export articles … Read more
TBILISI, September 30 – Georgia’s central bank president Natia Turnava has stepped into the global spotlight at Swift’s flagship Sibos conference, in a push to integrate more deeply with Western-led financial networks, seeming to counter criticism abroad that describes Georgia’s ruling party as drifting closer to Moscow. Since Russia’s 2022 invasion of Ukraine, Swift has … Read more
TBILISI, September 30 – Georgia’s apple exports have shot up this season, with both volume and value climbing sharply, according to the Ministry of Environmental Protection and Agriculture. Between August 1 and September 28, the country exported 906 tons of apples worth USD 698,000. That’s a 65% jump in volume, 356 tons more than last … Read more
TBILISI, September 25 – Georgia is preparing a major expansion of its deposit insurance system, lifting the guaranteed payout ceiling from 30,000 to 50,000 lari (about USD 18,000) starting April 1, 2026. The Deposit Insurance Agency announced the move this week, marking the third increase since the scheme was launched in 2018. When the system … Read more
TBILISI, September 24 – k Sea undersea cable that would connect the South Caucasus to the European Union. The memorandum of understanding was signed by Davit Narmania, chairman of Georgia’s “Semek,” or National Energy and Water Supply Regulatory Commission (GNERC), and George Niculescu, president of Romania’s energy regulator. According to GNERC, the agreement focuses on … Read more
TBILISI, September 23 – Georgia’s fish exports almost doubled in value this year, even though the overall volume barely rose, according to new trade figures. Business Media reported, based on data from Georgia’s National Statistics Office, that from January to August 2025, the country exported 964 tons of fresh, chilled, and frozen fish worth USD … Read more
TBILISI, September 23 – Georgia’s parliament is moving to limit the National Bank’s authority over state reserves while giving it stronger powers to regulate cryptocurrency service providers. Supporters of the measure say the tighter rules will bring Georgia’s fast-growing crypto sector under stronger oversight. A draft bill prepared by Finance and Budget Committee chair Paata … Read more
TBILISI, September 22 – Georgia’s famed wine-making region of Kakheti is reporting a smooth grape harvest this year, with tens of thousands of tons already processed. According to the National Wine Agency, as of September 22 winemakers in Kakheti have processed 84,000 tons of grapes without disruption. The region, in eastern Georgia, is the heart … Read more
TBILISI, September 22 – Georgia’s appetite for cars keeps growing, with both imports and exports up sharply this year despite new US tariffs that industry watchers feared would squeeze the market. From January to August 2025, Georgia imported 148,859 vehicles worth $2.42 billion, up nearly 9% from the same period last year, according to the … Read more