When we speak about integration of renewable energy facilities, it is extremely important to develop infrastructure for storing electricity, Georgia’s Minister of Economy and Sustainable Development ...

In 2024, investments in the water sector, made by GWP (a private company serving Tbilisi and Mtskheta), amounted to 107.2 million lari, Georgian National Energy and Water Supply Regulating Commission ...

We work on updating the real-time gross settlement (RTGS) system and introduction of the instant payment system (IPS), which will become available in 2026, declared Natia Turnava, president of the ...

GEORGIAN STATE AUDIT SERVICE INDICATES DEFICIENCIES IN REPORTING RELATED TO LEPL/NPE. Annual reports on execution of the state budget do not reflect information on income/expenses ...

In 2024, Georgian electricity sector’s licensees, subjected to tariff regulation, made investments totaling to 491.3 million lari, Georgia National Energy and Water Supply Regulating Commission ...

Within frameworks of the international air show in Paris, Georgia’s Deputy Minister of Economy and Sustainable Development Mariam Kvrivishvili met with the leadership of ADP Group to discuss the ...

In 2024, investment in Georgia’s natural gas sector amounted to 212.65 million lari, exceeding the planned volume (122.73 million lari) by 73%, reported Georgian National Energy and Water Supply ...

As BAG noted, the problems of lack of specialists and legal and administrative barriers (by 8 pp) were aggravated most noticeably, while problem of instability in the national currency exchange rate ...

In the 2 nd quarter, the business climate indicator deteriorated by 0.2 points compared to the 1 st quarter and amounted to 31.7 points, the Business Association of Georgia (BAG) reported. Assessment ...

Among companies, surveyed in the 2 nd quarter, 80% do not expect changes in the exchange rate of lari against the US dollar in the next 6 months, reported the Business Association of Georgia (BAG).

The delegation of the Central Bank of Armenia is on a two-day visit to Georgia, the National Bank of Georgia (NBG) reported. According to NBG, the Georgian side shared with Armenian colleagues its ...

In the 1 st quarter, Georgia’s GDP at current prices amounted to 21.8 billion lari, increasing by 13.6% year-on-year, Sakstat reported (estimation). Real GDP growth compared to the same period of last ...