The number of outbound visits by Georgian residents to Russia exceeded the pre-pandemic figure by 49%, - according to the PMC Research Centre.

The Bank of England has been hiking interest rates aggressively in a bid to rein in inflation and will announce its latest monetary policy decision on Thursday.

The third stage of the taxi reform will go into effect on April 1, the capital’s mayor, Kakha Kaladze, announced on Wednesday at a Tbilisi Municipality government meeting, adding that the updated www.taxi.tbilisi.gov.ge website, where taxi licenses may be purchased and leased, will become operational on April 1.

The IMF team has reached staff-level agreement with the Ukrainian authorities on a 4-year IMF-supported program

In 2022, the Georgian alcoholic beverage production company "Niamori" had a 30-40% increase in the Georgian market, and a 50-60% increase in the export direction - the director of the company, Giorgi Bochorishvili, spoke about this in an interview with Bm.ge.

11 affected provinces accounted for 20% of Türkiye's agricultural production, says FAO

Tbilisi City Hall is working on an application - "Fix Tbilisi", where citizens will be able to post information about infrastructural problems in the capital, Tbilisi Mayor Kakha Kaladze said at today's meeting of the municipal government.

Due to the blockade and power outages, more than 85% of production and 100% of exports have been stopped.

Anano Dolaberidze, co-founder of Georgian clothing and accessories sales platform "Phubber" says, the company is planning to create an authentication hub in Georgia, which will serve any customer on the international market as well.

Georgian banks have issued mortgage loans of GEL 9.5 billion. Soon, commercial banks will be able to create a new financial instrument (a mortgage bond) on the basis of these credits. Currently, a total of 144,000 mortgage loans are recorded in banks, 57% of which are in the national currency, while 43% - in foreign currency.

Russia announced the oil production cuts, which amount to about 5% of daily output, in February after Western countries announced new sanctions on Russian oil products.

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.