Business
Chairman of the Georgian National Energy and Water Supply Regulatory Commission, Davit Narmania, has shared a post on social media regarding key trends in the energy sector:
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The Georgian beer market has shown steady growth over the past four years, with a 2% increase estimated for 2024, according to Nikoloz Khundzakishvili, Corporate Affairs Director of Efes Georgia. Speaking to Business Partner, Khundzakishvili highlighted the positive dynamics within the sector, reflecting consistent consumer demand and industry expansion.
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The Georgian Department of Roads has released information regarding the situation on the roads.
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An earthquake occurred in eastern Georgia. The epicenter was located 59 km from Tbilisi, near the village of Sogutlo in the Dmanisi municipality.
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An article was published on the official premierleague.com website, in which former footballer and now sports journalist Adrian Clarke lists five athletes who could join the English Premier League as early as January.
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In Tbilisi, the emergency medical service received 33 calls due to injuries caused by fireworks on New Year's Eve. Hospitalization was required for 20 citizens, according to the Emergency Situations Coordination and Emergency Assistance Center, as reported to Georgia's First Channel.
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Georgian politician Nikoloz (Niko) Lekishvili has passed away at the age of 78 after a prolonged illness.
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Investigators from the national anti-corruption agency entered the residence of South Korean President Yoon Suk Yeol to execute an arrest warrant. However, the president's security service is preventing them from doing so.
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The Migration Department of the Ministry of Internal Affairs of Georgia deported 91 citizens of various countries in November-December of this year.
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The President of Georgia, Mikheil Kavelashvili, spoke at the annual ambassadorial meeting of the heads of Georgian diplomatic missions and stated that the country's priority is Euro-integration:
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Georgian opposition politician, former parliamentarian, and chairman of the National-Democratic Party Bachuki Kardava has passed away at the age of 54.
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The list of Georgian wines with protected designations of origin (PDO) has expanded to 30, reflecting the rich diversity of Georgian winemaking and boosting the country’s efforts to enhance wine recognition and export potential.
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The National Bank of Georgia (NBG) has expressed concerns over rising international food and transportation costs, warning that these trends could exacerbate inflationary pressures in the local market. This announcement accompanied the NBG’s decision to maintain the refinancing rate at 8%, a move aimed at balancing inflation risks with sustained economic growth.
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TBC Bank and the Bank of Georgia have announced a joint initiative to allocate ₾5 million in aid. The funds will be directed toward supporting affected citizens, as well as small and medium-sized businesses impacted by the ongoing situation.
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The founder and honorary chairman of "Georgian Dream," Bidzina Ivanishvili, held a telephone conversation with French President Emmanuel Macron. According to a statement released by Georgian Dream, the discussion was initiated by Macron and lasted for an hour.
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The European Commission has raised concerns about recent developments in Georgia, hinting at the potential activation of the visa suspension mechanism for specific categories of individuals. In its Seventh Report under the Visa Suspension Mechanism, the Commission emphasized that urgent measures are required to ensure Georgia continues to meet the criteria for visa liberalisation.
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The Czech Republic has announced an allocation of €230,000 in emergency assistance to support Georgian civil society and independent media. The decision, conveyed through a statement by the Czech Foreign Ministry on social media platform X, underscores the country’s commitment to democratic values and solidarity with the Georgian people.
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The National Bank of Georgia has imposed a fine of 53,800 GEL on payment service provider NBC LLC. The penalty, outlined in an order published on December 9, was issued for multiple violations related to anti-money laundering (AML) and combating the financing of terrorism (CFT) regulations.
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A recent study by Galt & Taggart forecasts an 8% annual growth in revenue for Georgia’s FMCG (Fast-Moving Consumer Goods) sector between 2025 and 2028, with market size expected to reach 31.7 billion GEL by the end of the period. The study attributes this growth primarily to increased purchasing power among the population.
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The Georgian Pension Agency has invested 150 million GEL in bonds issued by the European Bank for Reconstruction and Development (EBRD) under its Global Medium Term Bonds (GMTN) program. This five-year bond has a floating interest rate, aligning with the agency’s goal of enhancing portfolio quality and asset diversification.
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Georgian Prime Minister Irakli Kobakhidze congratulated Donald Trump on his "decisive victory" in the U.S. presidential election.
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U.S. President Joe Biden has promised to ensure a peaceful transfer of power to his successor, Donald Trump, who won the presidential election. "I will fulfill my duty as president. I will uphold my oath and abide by the Constitution. On January 20, here in America, there will be a peaceful transfer of power," Biden said in an address to the nation on Thursday, November 7.
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In terms of governance effectiveness, Georgia surpasses all EU candidates, 17 EU and NATO member states, and one G7 member state.
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The Prime Minister of Georgia, Irakli Kobakhidze, attended the opening session of the fifth European Political Community Summit, which is being held in Budapest.
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The footballer of the Georgian national team and French club "Saint-Étienne," Zuriko Davitashvili, was named the best player of October in Ligue 1.
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