Category: Business

Georgia’s Ministry of Infrastructure is struggling with budget shortfalls in 2025, as delays in major projects hinder spending plans. First Deputy Finance Minister Giorgi Kakauridze revealed during a parliamentary hearing that unspent funds total 168 million GEL after nine months, mainly due to slow tender processes for highways and other initiatives. Budget Shortfall Details Emerge in Hearing Kakauridze addressed lawmakers at a committee session on the state budget performance. He…

Kutaisi, Georgia’s second-largest city, is set to gain a modern riverside park along the Rioni River near Chavchavadze Bridge after the Municipal Development Fund announced a 1.4 million GEL design tender on November 4, 2025. This project aims to create a multifunctional recreational space that blends nature, culture, and community activities, with proposals due from December 3 to December 8. Project Details and Vision The tender calls for designs that…

Sandy Springs officials approved a lease on October 21, 2025, allowing Summit Coffee to transform the vacant Williams-Payne House into a vibrant coffee shop and events spot. This move brings new life to the 1869 farmhouse, which has sat empty since the pandemic, while generating over half a million dollars in rent for the city over the next decade. Lease Details and Financial Impact The agreement sets up an initial…

Germany-based Aurubis has launched production at its new recycling plant in Augusta, Georgia, turning electronic scrap into copper, nickel, and other vital metals. This milestone on September 24, 2025, boosts U.S. supply chains and cuts reliance on imports amid rising demand for strategic materials. Major Launch for U.S. Metal Supply Aurubis calls this the first multimetal recycling facility in the United States. It processes up to 180,000 tons of end-of-life…

Amazon’s annual sale has sparked a buying frenzy with 55-inch TVs from LG, Samsung, Sony, and others selling at some of the lowest prices in years. Festive Sale Turns Into TV Rush The Amazon Great Indian Festival has always been a headline-grabber, but this year the spotlight is firmly on big-screen televisions. Discounts hitting as high as 65% have drawn in shoppers across metros and smaller cities alike. For families…

U.S. Homeland Security calls it largest single-site enforcement operation in two decades as South Korea voices strong concern Federal agents stormed Hyundai’s electric vehicle hub in rural Georgia, detaining 475 workers in a sweeping raid that officials described as the largest of its kind in Homeland Security’s 20-year history. Most of those taken into custody were South Korean nationals, a detail that has drawn a sharp response from Seoul and…

Georgia has taken a key step forward in its push for clean energy by approving feasibility studies for two solar power plants in the Kakheti region. The projects, named Patardzeuli 1 and Patardzeuli 2, aim to boost the country’s renewable energy output and support its goal of reducing reliance on traditional power sources, with construction set to begin after studies wrap up in late 2025. Project Details and Capacities These…

Starting today, September 22, 2025, major dairy brands Amul and Mother Dairy have lowered prices on many products following a recent GST rate cut by the government. This move aims to pass tax savings directly to consumers, making essentials like milk, ghee, and butter more affordable amid rising living costs. Understanding the GST Rate Changes The GST Council made key decisions in its latest meeting to reduce taxes on dairy…

Hospitality giant OYO has rebranded its parent company from Oravel Stays to PRISM. This move, announced on September 7, 2025, highlights the firm’s shift toward global expansion and premium services as it prepares for an initial public offering later this year. The change aims to unify OYO’s diverse brands under one corporate identity. It comes at a key time for the company, founded in 2012 by Ritesh Agarwal, which now…

Georgia is about to get a manufacturing boost — and not just any kind. A South Korean company’s U.S. arm will pump more than $200 million into a rare earth magnet facility in Columbus, making it one of the largest investments of its kind in the Southeast. Big Bet on Columbus Gov. Brian Kemp’s office confirmed the deal: JS Link America, the U.S. subsidiary of Korea’s JS Link, will spend…