BusinessEthan Brown

Georgia’s Wine Export Boom: A Success Story of Quality, Diversity and Innovation
Business News
Georgia’s Wine Export Boom: A Success Story of Quality, Diversity and Innovation
Georgia is a country with a rich cultural heritage, a scenic landscape and a thriving wine industry. In 2024, Georgia’s wine export reached a 43% increase in January-February, reaching 16.7 million liters worth 47.6 million US dollars to 47 countries of the world. This impressive performance reflects Georgia’s commitment to diversify its wine portfolio, enhance its international recognition and promote its unique identity and values. Georgia’s wine industry is characterized…
Georgia and the World Bank strengthen their partnership for economic growth
Business News
Georgia and the World Bank strengthen their partnership for economic growth
Minister of Finance of Georgia meets Vice-President of the World Bank for Europe and Central Asia Lasha Khutsishvili, Minister of Finance of Georgia, met Antonella Bassani, Vice-President of the World Bank for Europe and Central Asia, on March 6, 2024. At this meeting, dignitaries reviewed the cooperation between the World Bank and Georgia, as well as projects supported in the public and private sectors of Georgia by the Bank. More…
Cristina Doros: The New Face of Visa’s CISSEE Region
Business News
Cristina Doros: The New Face of Visa’s CISSEE Region
Visa has appointed Cristina Doros as Senior Vice President, and Group Country Manager for Visa in the CISSEE region. Cristina will lead Visa’s operations and strategy in 17 countries across Southern and Eastern Europe, Central Asia, the Caucasus, Ukraine, Moldova. With over 20 years of experience at leading financial institutions, Cristina joined Visa in 2016 to lead regional Core Products team overseeing Core products (Debit, Credit and Premium), loyalty platform…
UNDP Georgia: ‘Hands for Peace’ Gala Showcases Entrepreneurial Achievements of Conflict-Affected Women
Business News
UNDP Georgia: ‘Hands for Peace’ Gala Showcases Entrepreneurial Achievements of Conflict-Affected Women
Women’s empowerment remains a cornerstone of sustainable development and peacebuilding in conflict-affected communities. In Georgia, the European Union (EU) and the United Nations Development Programme (UNDP), under the EU4Dialogue programme, are steadfast in their commitment to supporting women residing alongside Administrative Boundary Lines, bolstering their economic and social resilience, and creating opportunities for entrepreneurship, income generation, and professional advancement. Throughout 2023 and 2024, the EU and UNDP, in partnership with…
Georgian Ports Face Challenges and Opportunities in 2023
Business News
Georgian Ports Face Challenges and Opportunities in 2023
The impact of the COVID-19 pandemic on the cargo turnover In 2023, the cargo turnover of Georgian ports was 1.1 million tons less than in 2022. In particular, on average, in 2023, 7.5% less loaded ships entered and left Georgian ports than in 2022. This decline was mainly due to the impact of the COVID-19 pandemic on the global trade and transportation sector. The diversity of the cargo types and…
Georgia and Italy Strengthen Cooperation in Agriculture and Food Industry
Business News
Georgia and Italy Strengthen Cooperation in Agriculture and Food Industry
A Joint Event to Promote Trade and Innovation On February 28, 2024, a joint event titled “Georgia and Italy together for a better food industry” was held at the Sheraton Grand Tbilisi Metekhi Palace Hotel. The event was organized by the Italian Foreign Trade Promotion Agency (ICE-ITA) in cooperation with the Italian Embassy in Georgia, the Italian association Assofoodtec/ANIMA Confindustria and FederUNACOMA and the Georgian Employers’ Association (GEA). The event…
Meliora 2024: Georgia celebrates its most responsible businesses
Business News
Meliora 2024: Georgia celebrates its most responsible businesses
Georgia is gearing up for its fifth edition of the annual Corporate Social Responsibility (CSR) Excellence Contest, Meliora 2024. The contest, supported by the European Union and Konrad Adenauer Stiftung (KAS), aims to recognize and reward the most inspiring and outstanding CSR projects and initiatives in the country. A growing initiative Meliora 2024, which means “better things” in Latin, was launched in 2018 by the Center for Strategic Research and…
Georgian Currency Faces Downward Pressure Amid Economic Challenges
Business News
Georgian Currency Faces Downward Pressure Amid Economic Challenges
The Georgian Lari (GEL), the national currency of Georgia, has been losing its value against the US dollar (USD) in recent weeks, reaching its lowest level since 2020. The depreciation of the Lari has raised concerns among the public and the authorities, as it affects the purchasing power, inflation, and external debt of the country. What are the causes of the Lari’s decline? According to experts, there are several factors…
Middle Corridor: A Strategic Route for Eurasian Trade and Cooperation
Business News
Middle Corridor: A Strategic Route for Eurasian Trade and Cooperation
The Middle Corridor, also known as the Trans-Caspian International Transport Route (TITR), is a multimodal transport network that connects China and Europe via Central Asia and the South Caucasus. It is one of the key initiatives to boost trade, connectivity, and cooperation among the countries along the route. However, to realize its full potential, the Middle Corridor requires a common vision, coordinated policies, and strategic investments from all the stakeholders.…
Georgia’s Gold Export Declines by 40% in January 2024
Business News
Georgia’s Gold Export Declines by 40% in January 2024
Georgia, a country rich in mineral resources, has seen a significant drop in its gold export in the first month of 2024. According to the National Statistics Office of Georgia (GEOSTAT), the country exported only 0.21 tons of gold worth $7.08 million in January, which is 40% less than the same period in 2023. What Caused the Decrease in Gold Export? There are several factors that may have contributed to…