Georgia and Turkey

Foreign investment in Georgia drops 30%

Foreign investment in Georgia drops 30%

Foreign direct investment in Georgia's economy fell 29.9% in 2024 to $1.33 billion, national statistics office Geostat reported. Equity investments fell 60% to $483.7 million, reinvestment fell 26.4% to $1.17 billion and debt …

Tourist flow growing in Georgia

Tourist flow growing in Georgia

Georgia hosted 3,021,067 international travellers in the first and second quarters of the year, marking a 5.6% increase over the same period of the previous year, the Georgian National Tourism Administration said. The number of foreign …

Georgia loses to Turkey in Euro debut match

Georgia loses to Turkey in Euro debut match

The Georgian national football team on June 18 was defeated by Turkey in the European Championship debut match. The Turkish right-back Mert Muldur gave Turkey the lead in the 25th minute, leaving Georgia goalkeeper Giorgi …

Turkish-made armored vehicles delivered to Georgia

Turkish-made armored vehicles delivered to Georgia

Turkish-made multipurpose armored vehicles Vuran were delivered to the Georgian Defense Forces during a ceremony at the infantry brigade in Vaziani, near the capital Tbilisi. Georgian Deputy …

Baku-Tbilisi-Kars railway: launch date announced

Baku-Tbilisi-Kars railway: launch date announced

The Baku-Tbilisi-Kars (BTK) railway route will increase its transportation capacity to five million tons per year after modernization on May 20, a fivefold increase from its previous capacity, Azerbaijan Railways CJSC (ADY) said. ADY …