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Business

Bank of Georgia Issues $300 Million in 9.5% Capital Bonds

Bank of Georgia Group PLC's banking business subsidiary, JSC Bank of Georgia successfully priced a USD 300 million offering of 9.5% perpetual subordinated callable additional tier 1 notes. The Notes are denominated in USD and are expected to settle on 16 April 2024.

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Tbilisi's Future Main Airport to open in Vaziani, Deputy Minister Mariam Kvirivishvili Announces

Tbilisi to Welcome New Main Airport in Vaziani, Announces Deputy Minister Mariam Kvirivishvili.

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Rikoti Pass Construction Valued at 1 Billion Euros

The construction of the Rikoti section of the East-West expressway is valued at 1 billion euros, with the Asian Development Bank (ADB) in Georgia providing loan financing for the project. Deputy Minister of Finance, Ekaterine Guntsadze, highlighted ADB's crucial role, noting its flexibility in financing instruments.

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Beer Production Hits Record High in Georgia

Georgia's local beer production continues its upward trend this year, paralleling the dynamic growth of the country's economy, according to industry representatives.

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+29, +31, +33 degrees – a significant increase in air temperature is expected in Georgia from April 16

According to the National Environmental Protection Agency, a significant increase in air temperature is expected in Georgia from April 16.

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Zurabishvili is going to pardon activist Lazare Grigoriadis

The President of Georgia announced that she would pardon activist Lazare Grigoriadis. Salome Zurabishvili spoke about this in an interview with the Pirveli television company.

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Lazare Grigoriadis was sentenced to 9 years in prison

Lazare Grigoriadis, arrested during the March 2023 protests, was sentenced to 9 years in prison.

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An oppositionist hit one of the Dream leaders in the Georgian parliament

At a meeting of the Legal Committee of the Georgian Parliament, the leader of the Citizens party, Aleko Elisashvili, got into a fight with the representative of the parliamentary majority, one of the leaders of the ruling Georgian Dream party, Mamuka Mdinaradze.

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We offer Ambassadors of U.S., EU, and EU Member States to hold public discussions on Draft Law on Transparency of Foreign Influence

Georgian Prime Minister Irakli Kobakhidze on Sunday offered the Ambassadors of the United States of America, European Union and EU Member States to hold public discussions on Draft Law of Georgia on Transparency of Foreign Influence. Below is the PM’s full statement:

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„SOCAR Team“ became the winner of „The treasure of Petra“

“The Treasure of Petra” - a game inspired by "Fort Boyard" and the legendary adventure stories like "Indiana Jones", was held for the first time on April 5-7 in Georgia. Adventures of the contest are filled with historical facts. Throughout the day, teams faced 24 challenges at various locations within the archaeological complex of Petra Fortress. Team members collected artifact fragments, magic stones, and Justinian coins during their journey.

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Georgia will take part in NATO exercise Sea Shield 24

Georgia, together with 12 NATO member countries and partners, will take part in the Sea Shield 24 naval exercises, which will be held in Romania on April 8-21, the press service of the Romanian Ministry of Defense reports.

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Lari continues to strengthen – exchange rate

The National Bank of Georgia has set a new exchange rate. As a result of trading on April 8, the US dollar depreciated and amounted to 2.6777 lari. The current exchange rate was 2.6784 lari.

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Giorgi Gigashvili Becomes Winner of Terence Judd-Hallé Award

BBC Radio 3 has heralded Georgian pianist Giorgi Gigashvili as this year's recipient of the prestigious Terence Judd-Hallé Award, marking a significant milestone in the young artist's burgeoning career. This accolade is reserved for standout pianists within the BBC Radio 3 New Generation Artists scheme, spotlighting Gigashvili's exceptional talent and promising future.

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Kakheti Hosts First Basque-Georgian Culinary Congress: A Fusion of Tradition and Innovation

On March 2nd, Kakheti became the melting pot of culinary arts with the inaugural Gastronomic Congress of Georgia and Basque Country — Culinary Connection Euskadi-Georgia. The congress brought together chefs from both regions, providing a platform for an exchange of culinary experiences and techniques.

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Chelti Winery Re-Enters the UK Market

Chelti Winery has made its return to the British market, as announced by Ana Mirianashvili, the company's Commercial Director, during a conversation with BusinessPartner. The winery's products have found a niche in the HORECA sector, being featured in restaurants and hotels across the UK.

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Moody's Elevates Liberty Bank's Outlook to Stable

International ratings powerhouse Moody's has boosted Liberty Bank's long-term outlook to a 'stable' status.

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Tbilisi's Future Main Airport to open in Vaziani, Deputy Minister Mariam Kvirivishvili Announces

Tbilisi to Welcome New Main Airport in Vaziani, Announces Deputy Minister Mariam Kvirivishvili.

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The Georgian government condemns the terrorist attack in Moscow

The Georgian government condemns the horrific terrorist attack that took place in Moscow, which resulted in the deaths of dozens of innocent people, reads a statement published on the Georgian government's Facebook page.

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The official value of 1 US dollar became 2.7003 lari

The National Bank of Georgia has set a new exchange rate. At the end of trading on March 25, the US dollar strengthened slightly and amounted to 2.7003 lari. Today's exchange rate was 2.7000 lari.

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What weather is expected on March 26 in Georgia?

According to data on March 25, the air temperature in Tbilisi will reach +14 degrees during the day and +3 degrees at night. Rain is expected.

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Accident near Kobuleti: three people died

Three people died as a result of an accident on the bypass road in Kobuleti (Western Georgia).

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Prime Minister of Georgia Irakli Kobakhidze arrived in Yerevan

Prime Minister of Georgia Irakli Kobakhidze arrived in Armenia on an official visit.

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Macron: the terrorist attack in the Moscow region was inspired by IS. Blaming Ukraine is “cynical and counterproductive”

French President Emmanuel Macron said that, according to intelligence available to France and other countries, the terrorist attack at Crocus City Hall was inspired by the Islamic State affiliate IS-Khorasan.

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Felco 2 Connects Generations: Celebrating 75 Years of Revolutionary Performance

Marking 75 years since its inception, Felco 2 has established itself as a groundbreaking tool, bridging generations with its enduring quality.

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Peskov called the conflict in Ukraine a "war"

Russian Presidential Press Secretary Dmitry Peskov called the war in Ukraine a “war.” “We are in a state of war. Yes, it began as a “special military operation,” but as soon as this group was formed there, when the collective West became a participant in this on the side of Ukraine, for us it already became a war,” Peskov said.

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