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...

Finance Minister Meets with New Regional Director of World Bank

“The reform program that Georgia has been implementing for the past few years is very impressive...

Georgia to Have New 10 Gel Banknotes from October

Georgia will have new 10 Gel banknotes from October 2019...

Holiday Inn Telavi Officially Opens Its Doors to the Public

On July 1, the opening of the new Holiday Inn Telavi hotel was officially announced...

Gault&Millau Launches Gastronomic Guide to Georgia

Gastronomy and tourism are very closely linked and having good gastronomic traditions...

Production of Electric Cars to be Launched in Kutaisi

On June 26, Georgian Industrial Holding Aigroup held an official presentation in Kutaisi...

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...