Category: Business

Georgia Power is betting on a data center-driven future, unveiling a long-term energy roadmap that forecasts unprecedented industrial growth — and plenty of controversy. Data Centers Take Center Stage In an exhaustive eight-hour testimony before Georgia’s Public Service Commission, Georgia Power executives laid out a bold vision: a decade-long Integrated Resource Plan (IRP) designed to meet the surging energy demands of data centers supporting artificial intelligence, cloud computing, and other…

International tourists visiting Georgia are getting a surprise perk — luxury experiences at a discount, thanks to Mastercard’s latest initiative. The campaign isn’t just about savings; it’s reshaping how travelers experience the country while giving local businesses a welcome boost. A Win-Win for Tourists and Businesses Georgia has been steadily climbing the ranks as a travel hotspot, drawing in visitors with its rich history, stunning landscapes, and warm hospitality. Mastercard’s…

Georgia’s foreign direct investment (FDI) took a significant hit in 2023, plummeting by 30% to USD 1.3 billion. While reinvestments kept the numbers afloat, the lack of fresh equity capital signals trouble for long-term economic growth. A Sharp Decline After Temporary Highs After a temporary surge fueled by major one-off transactions — like the sales of Rustavi Azot and Georgian Water and Power in 2022-2023 — Georgia’s FDI has fallen…

Indian Stock Market Opens on a Positive Note as Global Trends Boost Confidence Indian stock markets kicked off Wednesday on a bright note, with both the BSE Sensex and Nifty50 opening higher. Sensex crossed the 75,300 mark, while Nifty50 stayed comfortably above 22,850. This comes after a strong rally on Tuesday, reflecting positive global sentiment despite looming uncertainties. Market Starts Green, But Can It Hold? By 9:18 AM, the Sensex…

Foreign investment in Georgia took a significant hit last year, falling by nearly 30%. The decline, marked by lower equity inflows and reduced reinvestment, has economists raising their eyebrows — and concerns. Numbers That Tell a Tough Story The National Statistics Office of Georgia (Geostat) reported that foreign direct investment (FDI) dropped to $1.333 billion in 2024. That’s a hefty 29.9% slide from 2023, marking the second consecutive year of…

Georgia’s aviation industry soared to new heights in 2024, as fresh data from the National Statistics Office of Georgia (Geostat) revealed remarkable expansion across passenger travel, cargo transport, and airport operations. The numbers tell a story of a sector gaining momentum, with passenger volumes surging, flight frequencies increasing, and infrastructure keeping pace with demand. Passenger Traffic and Flight Surge Georgia’s airports were busier than ever in 2024. The sheer number…

DUNWOODY, Ga. — Cuddlefish has officially arrived at High Street, bringing a fresh twist to sushi dining in Central Perimeter. The restaurant, led by Michelin-starred chef Jason Liang, opened its doors on March 1, adding to the growing list of new businesses in this mixed-use development. A New Culinary Destination at High Street Located at 290 High Street, Cuddlefish is more than just another sushi spot. It offers a fusion…

SAVANNAH, Ga. – The 4th Annual Parker College of Business Gala at Georgia Southern University brought together some of the brightest minds in Georgia’s business world. Alumni, faculty, and industry leaders gathered to celebrate achievements, recognize contributions, and support future students. The event, held in Savannah, reinforced the university’s commitment to shaping business leaders of tomorrow. Honoring Excellence in Leadership and Corporate Partnership One of the highlights of the evening…

Prices Surge as Market Activity Picks Up The Batumi real estate market has kicked off 2025 on a strong note, with rising property prices and increased transaction activity signaling renewed investor interest. According to a recent report by Colliers Georgia, January saw a notable uptick in both the cost of residential flats and overall market volume, reversing concerns of a slowdown seen in 2024. Property Prices Climb Across the Board…

Georgia’s meat industry saw steady operations in 2024, with official data shedding light on the number of active slaughterhouses, livestock processing, and production figures. The latest report from Geostat provides a clear breakdown of activity across the country, revealing regional contributions and market dynamics. Slaughterhouses and Regional Distribution Slaughterhouses remained a key part of Georgia’s agricultural sector, with 114 facilities actively operating in 2024. These were spread across different regions,…