The purchase comes three months after Sauber confirmed they would become Audi’s strategic partner when the German marque enters Formula 1 in 2026.

The Irving, Texas, company brought in $95.43 billion in revenue during the fourth quarter.

Around 150 websites contain at least 1 manipulative tool, commission says

One of the world's largest investors — and its biggest sovereign wealth fund — has reported a record loss for 2022. The results end a three-year run of soaraway profits.

The tech giant reported operating profit of 4.3 trillion Korean won ($3.5 billion) on Tuesday for the three months ended December, down 69% from a year ago.

"Last year, an important contributor was the significant increase in exports, which increased by more than 30%, and also the recovery of tourism, which exceeded the figure of 2019 by about 7-8%. Naturally, the mentioned indicators are reflected on the employment rate as well," said the Minister of Finance, Lasha Khutsishvili.

Consumers have been trading down from full-service restaurants to Big Macs and McNuggets as they pull back on spending.

Forecast boosted on resilient US demand, China reopening

Official value of the greenback became 2.6518 GEL.

Economic activity surged by 21.5% in December 2022 compared to November, and by 12.8% compared to December 2021.

"Our target market for 2023 is the USA. There is no better market in the world than America, it is a big market and regardless of the product price, if you are focused on quality, you will still be able to sell it. In addition to the USA, in 2023 we will consider exporting to Saudi Arabia as well," says the director of "Manna".

Average expenditure per night for overnight visitors was $89, according to TurkStat data

"In general, demand for new cars has significantly increased, so supply cannot meet the demand, but we tried to find new alternative ways that gave us the opportunity to satisfy the demand as much as possible," - said Gaga Kokhreidze.

The duo reviewed the main areas of cooperation between the two countries, emphasizing the successful collaboration of the respective agencies of the two countries in various directions, and readiness to further deepen the existing fruitful cooperation was expressed.

Preliminary Eurostat data released Tuesday showed the euro zone grew 0.1% in the fourth quarter.

Low incomes form remittances, withdrawal of migrants’ deposits, reduction of real-estate market and slowdown in GDP growth of Georgia’s trading partners - these are the main issues that economists identify as the main threats to the country's economy.

Despite the chip shortage and Covid-related supply chain disruption, Toyota and its subsidiaries sold nearly 10.5 million vehicles last year, around the same as in 2021.

14 Commercial banks operating on Georgian market have published their financial reports for 2022. The data submitted to the regulator revealed that the total net profit amounted to GEL 2.08 billion.