A meeting of the Monetary Policy Committee of the National Bank of Georgia is scheduled for tomorrow. At the previous meeting, which was held on February 1, the committee made a decision to leave the monetary policy rate unchanged, and at the moment the monetary policy rate amounts to 11%.

FIFA president, ECA chairman sign renewed Memorandum of Understanding that lasts until end of 2030

TBC Capital published a report on Tbilisi Residential Market. According to the document, in February 2023, a total of 746 new apartments were sold, representing a 5% increase compared to the same period in the previous year. Notably, the growth rate in sales was much higher compared to the previous month, with a 36% increase.

Michael Barr, the Fed’s vice chair for supervision pointed to the bank’s “concentrated business model,” in which its customers were overwhelmingly venture capital and high-tech firms in Silicon Valley.

The conversation at the meeting focused on expanding trade relations, trade liberalizations, and export markets. Georgia’s investment potential and the country’s favorable business environment for foreign investors were discussed.

TBC Capital published a report on Residential Real Estate In Tbilisi. According to the document, the real estate market in February 2023 saw a significant increase in activity compared to the previous month, with the number of transactions rising by 19% from January 2023.

Georgian strawberry season peaks in May and June then the supply falls off quickly. In the current off-season, strawberry import volumes are record-breaking so far.

ICC-Georgia calls on the Georgian authorities to stop procrastinating and to take immediate action to investigate the very serious accusations raised against Mr. Shalva Ramishvili, and to do all that is necessary to implement the law, and to protect the abused parties from bullying and harassment", - the document reads.

Foreign trade in February 2023 was up 14.6% compared to January of the same year, and up 79.5% compared to February last year.

Georgia, an upper-middle income country with aspirations to join the European Union, maintains a strong national Climate Change Strategy (CCS) focused on climate change mitigation, and a clearly defined action plan for its implementation.

A new wine brand Istoria Wine appeared on the Georgian market. A presentation of glittering wine was held last week. As Natia Mamalashvili, co-founder of the company, told bm.ge, the idea of creating a different drink came together with Ana Kaminskene in January of this year. Accoridng to her, they have used laboratories and special technologies to create the glittering wine.

The export made up 4,900,300 million tons of crude and oil products worth $2.94bn in the same months of 2022

As a result of operative-searching and investigative activities, representatives of the Investigation Service of the Ministry of Finance of Georgia, in Adjara and Samegrelo Region, exposed three facts of carrying out entrepreneurial activities without the relevant permit, brought to the criminal liability four persons and detained one of them.

"We are now actively looking for possible sources to finance this need," said the minister.

This will be the first of three rounds of cuts that will amount to 7,000 job losses.

The return of China’s best-known entrepreneur may help quell concerns of private-sector businesses after a regulatory crackdown.

Some of the most common work that temporary workers can engage in under such permits include farming, agriculture, fruit picking, catering, hotel, hospitality, summer camps, ski resorts, as well as babysitting.

Prices grew by 0.1% in 2023 February when compared to January of the same year, and by 8.1% compared to February 2022.

A hard-right coalition partner, Security Minister Itamar Ben-Gvir, said he had agreed to the postponement in exchange for a commitment to submit the legislation in the next session of parliament.