“The new airport should be of international standard, meeting modern passenger and transit logistics needs. We’ve also discussed building a cargo terminal and other relevant facilities. This project is ambitious but necessary for our country,” stated Garibashvili.

Clothing and footwear saw lowest annual price change with 19.5% in May, official figures reveal

TBC Bank Group (TBCG LN) closed the week at GBP 24.25/share (+1.25% w/w and +3.41% m/m). More than 199k shares changed hands in the range of GBP 22.50 - 24.35/share. The average daily traded volume was 65k in the last 4 weeks. The volume of TBCG shares traded was at 0.36% of its capitalization.

In April, GDP in the country increased by 0.1%, non-oil GDP by 3.7%.

The Ministry of Finance of Georgia published a financial document. As of April 2023, the external debt of Georgia amounted to USD 8.55 billion. Y-O-Y, the state foreign debt increased by USD 730 million, while the debt in the national currency decreased by USD 2.6 billion amounting to GEL 21.35 billion due to the strengthening of GEL against USD and EUR.

Simsek, who was highly regarded by financial markets when he served as finance minister and then as deputy prime minister between 2009 and 2018, said that lowering Turkey’s soaring inflation to single digits will be another priority.

Swiss cable car manufacturer BARTHOLET has entered Georgia. The company will study the possibility of introducing its innovative product in the country.

Russian wine suppliers have been facing difficulties due to EU sanctions. But Putin's favorite vintners have been trying to import material from Portugal and France through third-party countries.

IG Development, a real estate development company and holder of the City Mall chain, published a financial report for 2022. According to the company, its revenue increased by GEL 19 million up to GEL 80.2 million.

The rest of the OPEC+ oil producers agreed to extend earlier cuts in supply through the end of 2024.

Erdoğan changed almost all cabinet members except for the health and culture ministers.

The inauguration ceremony was attended by representatives of about 100 countries, including state leaders, prime ministers, as well as high-level delegations and representatives of international organizations.

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

Interested parties can express their interest from June 16 to July 17 and those validated as possible buyers can submit bids from September.

Corn, wheat and sunflower top grain products transported through corridor

Flag carrier accused of failing to provide necessary steps to provide refunds to customers during the height of coronavirus pandemic in 2020

The 800-person bunker for VIP patients and personnel is expected to be constructed at the Moscow Central Clinical Hospital, a protected facility, in near-record time.

The internet giant — which owns Facebook, Instagram and WhatsApp — has asked that employees currently assigned to an office return to in-person work three days a week starting September 5.