News of the day
The US State Department recently published a report lauding the investment environment in Georgia, attributing its success to economic stability and progressive reforms undertaken by the nation.
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Economics
Space International, a subsidiary of TBC Group, has partnered with Thoughtwokrs, a global tech consulting company. This is the first project of Thoughtworks in the Caucasus and Central Asia region. Within the framework of the partnership, Thoughtworks will help the first Georgian international financial-technological company - Space International, in tech transformation, introduction of updated engineering culture and strengthening of technical architecture.
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The leather accessories company Gepherrini is performing with 23% growth in 2022.
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Other news
The National Bank of Georgia has set a new exchange rate. As a result of trading on February 6, the US dollar depreciated to 2.8095 lari. The current rate for today was 2.8224 lari.
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According to the Department of Roads of the Ministry of Regional Development and Infrastructure of Georgia, traffic with trailers and semi-trailers has been restored on the Gudauri – Kobi section of the international highway Mtskheta–Stepantsminda–Lars.
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On January 6, 2025, the Ministry of Finance of Georgia successfully sold ₾50 million worth of 6-month treasury bills, equivalent to $17.8 million USD. According to the Galt & Taggart Weekly Review, demand for the auction was robust, reaching 2.2 times the offered amount. The weighted average interest rate for these treasury bills rose by 0.023 percentage points compared to the previous auction, settling at 7.583%.
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Professor Davit Narmania, Chairman of the Georgian National Energy and Water Supply Regulatory Commission (GNERC), delivered a public lecture to students from several universities, covering the specifics of GNERC's activities and regulatory matters.
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