Tbilisi Taxi Reform: Will It Work?

In the summer of 2019, Tbilisi City Hall came up with a new initiative...

Global Slowdown & Geopolitical Tensions May Affect Georgia’s Growth Expectations

ISET-PI has updated its forecast of Georgia’s real GDP growth rate for the third and fourth quarters of 2019...

Your Guest Is My Guest, or Why Tourism Is Not a Zero-Sum Game

The share of “transit tourists” (those who continue from Georgia to a neigbor country) in the total is not very high...

Georgian Wine Industry: Implications of a Russian Embargo

Russia has certain economic leverage over Georgia, as last year Georgian exports to Russia accounted...

Never Waste a Good Crisis

Achieving economic independence from Russia will be costly in the short-term...

Trade Deficit Shrinks, as Exports, Tourism & Remittances Show Strong Growth

ISET-PI has updated its forecast of Georgia’s real GDP growth rate for the second quarter of 2019...

May 2019: Average Hotel Prices & Hotel Price Index in Georgia

In Georgia, the average cost of a room1 in a 3-star hotel was 128 GEL per night in May 2019...

TBC Bank Prices $125 mln Inaugural Additional Tier 1 Capital Notes

On Wednesday, 26 June JSC TBC Bank (the "Bank"), the largest bank in Georgia by all key metrics...

World Bank Appoints New Regional Director for the South Caucasus

Sebastian Molineus has been appointed World Bank Regional Director for the South Caucasus effective July 1...

On Georgia’s Dependence on Wheat Import from Russia

In January-May 2019, 171 tons of wheat and meslin, a mixture of rye and wheat...

HUAWEI Founder: We Are Cooperating with US Partners Again

HUAWEI founder and executive director Ren Zhengfei spoke with international Internet edition CNBC...

Tbilisi Startup Bureau Takes Aim at Georgia’s Entrepreneurship Economy

The Tbilisi Startup Bureau is not, as the name suggests, a government agency...

EU & 6 EP Countries Set Action Plans to Protect Environment

On 27-28 June, the European Union, Armenia, Azerbaijan, Belarus, Georgia, the Republic of Moldova and Ukraine...

US Companies Sidestep Trump Regulations, Continue Cooperation with HUAWEI

American companies are still selling millions of dollars of products to HUAWEI...

Minister Turnava: Further GEL Devaluation Not Expected

Georgia’s Minister of Economy and Sustainable Development, Natia Turnava, says that the Georgian national currency GEL...

Turnava Meets with Banks & Hotels Amidst Tourism Crisis

Minister of Economy and Sustainable Development Natia Turnava is moving quickly to prevent...