In 2024, VAT payers were automatically refunded 2.5 billion lari of excess VAT, the Georgian Finance Ministry reported. To remind, the mechanism for automatic VAT refund was enacted in Georgia in 2020 ...

Achar Energy, a subsidiary of Turkish Exim Holding, in collaboration with the Georgian government, is investing $460 million, the Georgia’s government declared. This became known after a meeting of ...

On February 7, S&P Global Ratings affirmed Georgia’s long-term and short-term sovereign credit ratings at “BB/B”. The agency also left the “stable” outlook intact. Full text is not available for the ...

With participation of the transmission system operators of Georgia, Azerbaijan, Romania and Hungary, the process of registration of the joint venture, Green Energy Corridor Power Company ( GECO Power ...

As the Georgian government said, the parties paid attention to cooperation in the field of tourism and investment, as well as indicated importance of joint efforts to develop the Middle Corridor and ...

On February 7, Natia Turnava was appointed president of the National Bank of Georgia (NBG). Since June 2023, she served as first vice president and acting president of NBG. Full text is not available ...

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In December 2024, compared to the corresponding period of 2023, Georgia’s real GDP growth made up 6.7%, Sakstat reported (estimation). In 2024, the average rate of real GDP growth made up 9.5%, ...

Georgian Competition and Consumer Protection Agency declared about consent issued to concentrations to be carried out at the level of retail trade and distribution in the market of alcoholic beverages ...

In 2023, size of residential apartment market in Tbilisi amounted to $2.8 billion, increasing by 12% year-on-year, Colliers Georgia reported. In the reporting year, there were 41,284 transactions on ...

The Business Confidence Index (BCI) in the 1 st quarter decreased by 8.8 points compared to the 4 th quarter of 2024 and made up negative 5, said the International School of Economics at Tbilisi State ...