According to Armenia's National Statistical Committee, the country's aggregate state debt stood at about $10.9 billion as of March 31, 2023, an increase of $141.9 million from February 28, 2023. On December 31, 2022, the state debt was over $10.6 billion.

“With very high inflation, very low interest rates, and no net foreign reserves, a painful crisis affecting all assets in Türkiye could be on the way.”

According to the document, in 2022, Georgia is way more dependent economically on Russia than it ever was in its recent history. The Economic Dependence on Russia fluctuated dramatically: 2003 (16%), 2012 (9%) and 2022 (18%).

Erdogan endorses the unconventional view that raising interest rates increases inflation.

Georgian Prime Minister Irakli Garibashvili has departed for Bratislava to participate in the Global Security Forum (GLOBSEC) that will be held on May 29-31.

The Government of Georgia is imposing import duty on wheat flour for 5 months to support increasing the competitiveness of domestic producers and promote their sales on the local market.

The purpose of the conference was on one hand, to connect the Georgian diaspora with investors, and all parties interested in tech and innovations, distributors, and other partners with potential business interests in Georgia and to help Georgian business and tech companies to connect with potential investors and export opportunities in American market.

Accounting firm pledges to do ‘everything it takes’ to regain trust after leaking government information to clients.

"Government support is very important for exporting. It should be easier to send products, to deliver our samples to international markets," says Nino Mgebrishvili.

Chinese-brand passenger car sales surge 81.4 pct in April

In 2022, the share of the population under the absolute poverty line (absolute poverty rate) in Georgia decreased by 1.9 percentage points compared to the same period of the previous year and amounted to 15.6%.

A vital NATO power, with an economy in trouble, just gave its strongman president five more years.

"In conclusion, we hope that Mrs. Salome Zourabichvili will not enter into an even more intense confrontation with the majority of Georgian society. Georgian Dream is ready to provide the maximum assistance to the President of Georgia in order to avoid deepening the confrontation with the people," reads the statement.

“My real sadness is about the difficulties awaiting the country,” secular opposition leader Kemal Kılıçdaroğlu said in his first public remarks after the election.

The head of the Macroeconomics and Statistics Department of the National Bank of Georgia (NBG), Shalva Mkhatvrishvili, discussed how the inflation decrease affects product prices while visiting TV-program Analytics.

The 69-year-old leader faced down Turkey’s biggest economic crisis in generations and a united opposition to take a commanding lead.

Here is a rundown of the latest developments around Georgia's neighboring Turkey, Azerbaijan and Armenia.

Altman is traveling through Europe as part of a world tour to meet with officials and promote his AI company, which has unleashed a frenzy around the globe.

The refusal came just days after a spat between Lula and Ukraine President Volodymyr Zelensky at the G7 summit in Japan, where a planned meeting between the pair fell through.