US STATE DEPARTMENT SPOKESPERSON: GEORGIA’S WESTERN TRAJECTORY AT RISK

Georgia’s Western trajectory is at risk, US State Department representative Matthew Miller said in a May 1 statement.

The US “condemns the Kremlin-inspired “foreign influence” legislation advanced in Georgia’s parliament earlier today and the false narrative government officials have adopted to defend it”, Miller pointed. More...

IN APRIL, ANNUAL INFLATION IN GEORGIA MADE UP 1.5%

In April, compared to the corresponding period of 2023, inflation rate in Georgia made up 1.5% (against of a target of 3%), Sakstat reported. If compared to previous month (i.e. March), inflation rate made up 0.3%. More...

AS OF APRIL 1, GEORGIA’S RATIO OF DEPOSITS TO GDP INCREASED BY 6 PP Y-O-Y, OF LOANS – BY 6.4 PP

As of April 1, Georgia’s ratio of banking deposits to GDP made up 63.6%, reported National Bank of Georgia (NBG). A year ago (i.e. as of April 1, 2023), the ratio made up 57.6% (respectively, has increased this year by 6 percentage points (pp)). More...

AS OF MARCH 31, GEORGIAN BANKS’ PROFIT AMOUNTED TO 711.8M LARI

As of March 31, net profit of Georgian banking sector amounted to 711.8 million lari, National Bank of Georgia reported (cumulative estimation).

The year-on-year comparison is not provided, since Georgian banks have turned to reporting in accordance with international financial reporting standards (IFRS) since last July. More...

GEORGIAN ECONOMY MINISTRY: WORK IS UNDERWAY ON NEW FRAMEWORK DOCUMENT FOR COOPERATION WITH WB

Work is underway on new framework document for cooperation between Georgia and the World Bank (WB), Georgian Ministry of Economy and Sustainable Development reported. Within this work, attention is focused on priority areas of the economy, which development will contribute to economic growth of Georgia, the Ministry noted. More...

GEORGIAN MINISTRY OF ECONOMY: 11 CONSULTING CENTERS WILL BE OPENED WITHIN THE WB-SUPPORTED PROJECT ON ASSISTANCE TO MICRO-, SMALL AND MEDIUM-SIZED ENTERPRISES

As part of a project to support micro, small and medium-sized enterprises, 11 consulting centers will operate throughout Georgia by the end of 2025, Georgian Ministry of Economy and Sustainable Development declared. At this stage, there are 3 consulting centers – in Zugdidi, Batumi and Telavi. More...

NBG AND “ELEVANDI” AGREED ON COOPERATION

National Bank of Georgia (NBG) signed today a memorandum of understanding with Elevandi (a non-profit organization established by the Monetary Authority of Singapore). The document was signed within the framework of the annual meeting of the Asian Development Bank (ADB), which is held in Tbilisi (May 2-5). More...

ANNUAL ADB MEETING HELD IN GEORGIA

Today, 57^th annual meeting of the Asian Development Bank (ADB) was started in Tbilisi, which will last until May 5. About 4,000 delegates from 68 countries take part in the event, Georgian Finance Ministry reported. More...

Netgazeti.Ge: “INTERIOR MINISTRY STARTED DISPERSAL OF RALLY ON RUSTAVELI – THEY USED TEAR GAS AND WATER CANNONS”

Situation on the rally, which was held on Rustaveli Avenue in Tbilisi against the Russian Law (the bill “On Transparency of Foreign Influence”), has escalated at 23:15 on April 30.

Riot police units of Georgian Interior Ministry used special means, including water cannons and tear gas, as well as pepper spray. More...

Netgazeti.Ge: “WHAT WAS SAID ABOUT GEORGIA BEFORE THE EU INFORMAL MEETING IN BRUSSELS”

In Brussels, the EU General Affairs Council (GAC) holds an informal meeting on expansion.

Before the meeting, European politicians commented about drafts of law on foreign agents (the bill “On Transparency of Foreign Influence”) and a homophobic bill initiated in Georgia, the article reports. More...

Bankebi da Finansebi: “MEMBERS OF “GEORGIAN RAILWAY” MANAGEMENT MET WITH REPRESENTATIVES OF LATVIAN INTERNATIONAL TRANSPORT COMPANY “SIGIS””

The process of digitalization of transit transportations was discussed at a meeting of representatives of Georgian Railway and the Latvian international transport company Sigis. Digitalization is one of the main challenges in the development of international routes, including the Middle Corridor, the article notes. More...

Tabula: “RED LEVEL OF SECURITY INTRODUCED IN GEORGIAN PARLIAMENT”

From 23:00 on May 1, the so-called “red” (i.e. the highest) level of security was introduced in the Georgian Parliament. In this case, all but the persons identified by the head of the Parliament’s administration have to leave the building. More...

Netgazeti.Ge: “RUBBER BULLETS FIRED FROM CLOSE RANGE, GAS CAPSULES THROWN FROM ROOFS – YOUNG LAWYERS ASSOCIATION”

For several weeks, dozens thousands of Georgian citizens have been gathering in front of the Georgian Parliament building for actions and marches in protest against a document known in society as the “Russian Law” (the bill “On Transparency of Foreign Influence”, adopted by Parliament in second hearing on May 1), the article says.

At 22:00 on May 1, the police suddenly started to use pepper spray, tear gas, rubber bullets and water cannons against the rally participants, Georgian Young Lawyers Association reported. More...

Forbes Georgia: “URSULA VON DER LEYEN RESPONDED TO CURRENT EVENTS IN GEORGIA”

“I am following the situation in Georgia with great concern and condemn the violence on the streets of Tbilisi”, European Commission President Ursula von der Leyen posted on social platform X.

“The Georgian people want a European future for their country”, Leyen indicated. More...

AVERAGE HOTEL PRICES AND HOTEL PRICE INDEX IN GEORGIA (MARCH 2024)

In Georgia, the average cost of a room¹ in a 3-star hotel was 153 GEL per night in March 2024, while the average cost of a room in a 4-star hotel in Georgia was 247 GEL per night and the average cost of a room in a guesthouse² was 133 GEL per night.

The average cost of a room in a 5-star hotel in Georgia in March 2024 was 449 GEL per night. More...