Georgia’s National Bank raised its refinancing rate to 8.25% for the first time since 2022, tightening monetary policy in response to rising inflationary pressures linked to the Iran conflict. The decision, announced on Wednesday, reflects a 0.25 percenta... See more
A Georgian parliamentary report on rising food prices in the country has found that reducing prices would be difficult without ‘structural reforms’. It came as the National Statistics Bureau (Geostat) announced that inflation in the food sector stood at 7... See more
Georgia’s National Statistics Bureau (Geostat) has said that the country's economy grew by 10.7% in March, with growth being primarily driven by the IT, transport, manufacturing, and mining sectors. Tourism appears to have taken a hit as the Iran conflict... See more
Donald Trump Tbilisi’s ‘fairytale’ Trump Tower — doomed to fail? As Georgia–US relations remain sour and with the shadow of a failed project in Batumi, Trump Tower Tbilisi has a lot to live up to. The Trump Organisation, together with Georgian partners, r... See more
The Chinese-owned Georgian bank Basisbank has finalised its acquisition of 95.99% of Liberty Bank’s shares, in what appears to be a move by the bank’s former owner, Irakli Rukhadze, to distance himself from key assets after UK sanctions rocked another for... See more
