SOCAR subsidiary tops ranking of foreign investors in Georgia
SOCAR Energy Georgia, a subsidiary of Azerbaijan"s state oil company SOCAR, ranked first among companies attracting the largest volume of foreign direct investment into Georgia.
Georgian economy
Baku, Tbilisi, Ashgabat and Bucharest to establish Caspian-Black transit pipeline
The signing of an agreement between Azerbaijan, Georgia, Turkmenistan, and Romania to establish the Caspian Sea - Black Sea international transport route is planned for December 2025.
Georgia clears its debt to neighboring countries
Tbilisi has fully settled its state debt to Moscow, Baku, and Yerevan. The total amount owed to these countries was approximately $6 million.
Kobakhidze expects Georgia's economic growth to exceed 7.2%
Georgia's economic growth this year has exceeded the rate of 7.3% forecast by the International Monetary Fund (IMF), Georgian Prime Minister Irakli Kobakhidze said.
Georgia's international reserves increase by $1.3bln
The National Bank of Georgia purchased $1.3 billion on the domestic market in January-July 2025 and forecasts record growth in foreign exchange reserves this year, the NBG press service reported.
Money transfers from Russia to Georgia down
Money transfers from Russia to Georgia totaled $93 mln in January-March, which is 1.9 lower than in the same period last year, according to figures provided by the National Bank of Georgia. Money transfers to Georgia from various …
Georgia to attract 9 billion euros in investments within a few years
The Georgian authorities have set an ambitious goal for attracting investments. By 2028, they aim to reach the 9 billion euro mark.
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 …
Georgia's National Bank resumes currency purchases
The National Bank of Georgia resumed purchasing foreign currency on the domestic market in March after a decline in reserves over the previous two months, head of the NBG Natia Turnava said. "March marks the beginning …
Georgia's external trade up by 40% in January
Georgia's external trade turnover amounted to $2 billion in January, posting a 39.3% year-on-year increase, the Georgian National Statistics office …
Natia Turnava appointed as Georgia's National Bank Governor
President of Georgia Mikheil Kavelashvili appointed Natia Turnava as the new Governor of the National Bank after the Bank’s Council nominated the former Acting Governor for the position. Turnava becomes the first woman to …
Georgian authorities predict 10% economic growth in 2025
Georgian Prime Minister Irakli Kobakhidze said it was “absolutely realistic” for this year’s domestic economic growth rate to exceed 10%. The PM highlighted the 9% growth recorded in the past year, which he said was a …
Georgia and Azerbaijan to agree on economic cooperation
Georgian Prime Minister Irakli Kobakhidze will pay visit to Azerbaijan on Friday, the country’s governmental press service reported. The PM will co-chair a session of the Georgia-Azerbaijan Intergovernmental Commission on …
Georgia sets record high for purchase of trucks
Georgia has seen a significant increase in truck imports. Over the eleven months of last year, the import of trucks reached a record high, exceeding 16,000 units.
Georgian PM and businesses discuss current developments
Georgian Prime Minister Irakli Kobakhidze discussed ongoing developments in the country in a meeting involving more than 100 domestic business representatives. The parties also discussed the Government's vision regarding the ongoing …
Growth forecasts for Caucasus and Central Asia states revised up
The Asian Development Bank (ADB) has revised up the growth projection for the Caucasus and Central Asia to 4.9% from 4.7% for 2024 and to …
Foreign investments in Georgia declining
Foreign direct investments in Georgia reached $197.7 million in the third quarter of 2024, a decrease of 55.2% compared to the adjusted figures from the same period in 2023, Georgia's National Statistics Office ( …
Annual inflation surges in Georgia
Annual inflation in Georgia accelerated to 1.3% in November from 0.3% in October, the national statistics agency Sakstat reported. Consumer prices …
Georgia's First Deputy PM comments on Green Corridor project progress
Georgian Economy Minister Levan Davitashvili highlighted the importance of the Green Energy Corridor project for energy independence. In his comments at the COP29 in Baku, Davitashvili said the Green Energy Corridor project also …
Georgian Dream ready to bring country to higher level
The ruling Georgian Dream party intends to take the country to a significantly new level of development in the next four years of its rule …
