In February 2023, in Georgia, the Hotel Price Index (HPI) decreased by 1.6% compared to January 2023, - accoridng to the report published by the OMC Research Centre.

Net profit in January-February 2023, was 2.2 times more than in the same period last year

“Georgia is one of NATO’s closest partners and aspires to join the Alliance. Over time, a broad range of practical cooperation has supported Georgia’s reform efforts and its goal of Euro-Atlantic integration. The deteriorating security environment resulting from Russia’s war of aggression against Ukraine significantly affects Georgia”, reads the report.

International uncertainty reflects on economic sentiment, president says

The announcement came as Russian President Vladimir Putin hosts Chinese counterpart Xi Jinping on the second day of a state visit with the leaders expected to sign agreements in areas including economic integration.

Rosneft said "non-monetary factors played a large role in determining the dynamics" of its earnings.

Firing tests of the unmanned aerial vehicle (UAV) are planned to be carried out in the near future.

The current season’s export volume in September-February is the second highest in at least the last 8 years.

Ukraine's National Agency for the Prevention of Corruption has added the Germany-based multinational food wholesaler to its list of "international sponsors of war." Metro is accused of maintaining business with Russia.

The reports are that PSG are willing to spend up to €180m in an attempt to land Kvaratskhelia’s signature.

Vano Doborjginidze, director of Guria Fish Farming declares, that Norwegian salmon will probably appear on the Georgian market from the fall, noting that there are many challenges that hinder the process. According to Doborjginidze, enterprise construction is at the final stage, but there is no laboratory, which is necessary to create a farm.

Steps that are taken by Georgia to receive the status of an EU Candidate Country have been reviewed at the meeting. The discussion was related to the 12 recommendations defined for the country and delivered by the Parliament and the Government of Georgia.

The Foreign Minister said the government, the ruling team and the parliament were working on the recommendations through united joint efforts.

Move follows UBS's takeover of troubled lender Credit Suisse for around $3.25 billion

Official value of the greenback became 2.5762 GEL.

Tekla Talakvadze, marketing manager of Sweets producing company "Sandomi" said, the company's product price increased by 8% due to the expensive raw materials. According to her, inflation was reflected in confectionery products.

Georgia is ranked 90th, Ukraine 92nd, Iran 101st and Turkey 106th.

The Tbilisi Court of Appeals upheld the decision of the court of first instance in the case of the accusation against the former Minister of Defense, Davit Kezerashvili, and ordered him to pay 5 million EUR in damages to the Ministry of Defense.

Revenue of maintenance, repair, overhaul arm of flag carrier Turkish Airlines hits $1.42B

Several European foreign ministers called Monday for the EU to sanction oligarchs involved in “destabilization attempts” in Moldova and Georgia, amid rising fears of Russian interference, POLITICO reports.