Category: Economy

In the first half of 2024, Georgia experienced a decline in its external merchandise trade, marking a 1.8% decrease compared to the same period in the previous year. According to the National Statistics Office of Georgia (Geostat), the total trade amounted to USD 10.32 million. This decline was primarily driven by a significant drop in exports, which fell by 6.7% to USD 2.85 million, while imports saw a slight increase…

Georgia, a small yet strategically located country at the crossroads of Western Asia and Eastern Europe, has been consistently recognized for its favorable business climate. The U.S. State Department’s recent report highlights Georgia’s impressive rankings in international indices for transparency, competitiveness, and economic freedom. With a robust economic framework and a commitment to reforms, Georgia continues to attract foreign investment and foster a thriving business environment. Economic Reforms and Growth…

The price of gold has seen a significant increase of 12.8% since the start of 2024, according to recent reports. This surge in gold prices is attributed to various economic factors, including inflation concerns and increased demand from central banks. The stability of gold prices in June did not deter the overall upward trend observed throughout the first half of the year. As investors seek safe-haven assets amidst economic uncertainties,…

The Asian Development Bank (ADB) has made a significant investment of $53 million in Georgia’s private sector. This investment aims to support the development of the local capital market and promote sustainable economic growth. The ADB’s involvement is part of a broader strategy to enhance financial inclusion, strengthen food security, and support small businesses in Georgia. This initiative is expected to have a substantial impact on the country’s economic landscape,…

The National Bank of Georgia (NBG) is actively promoting the development of financial technologies to enhance the country’s financial infrastructure and foster innovation. Through various initiatives and collaborations, the NBG aims to create a conducive environment for fintech growth, ensuring that Georgia remains at the forefront of financial innovation. This article explores the NBG’s efforts, the impact on the financial sector, and future directions for fintech development in Georgia. Promoting…

In an era where social mobility defines the dynamics of success, Clayton State University stands at the forefront of fostering change. The institution is set to host a groundbreaking Social Mobility Summit, a testament to its commitment to education and equal opportunity. A Vision for the Future The summit is not just an event; it’s a movement. It represents a collective aspiration to break the barriers that hinder progress for…

The Investment Ecosystem Meeting Vol. 3 is set to take place on June 30, 2024, in Tbilisi, Georgia. This event aims to bring together key stakeholders from various sectors to discuss and promote investment opportunities in the region. The meeting will feature presentations, panel discussions, and networking sessions, providing a platform for participants to exchange ideas and explore potential collaborations. The event is expected to attract a diverse audience, including…

In a remarkable achievement, Georgia has secured the top position among 125 countries in the Open Budget Index, a testament to the nation’s commitment to budget transparency and public involvement in fiscal processes. A Leap in Transparency and Oversight Georgia’s journey to the pinnacle of the Open Budget Index is a story of consistent progress and reform. The country’s score of 87 out of 100 in budget transparency is a…

In the heart of Jonesboro, a unique event unfolded that brought together students, educators, and the community. The “Father Figures Matter Day” at Jonesboro High School was not just another date on the calendar; it was a day dedicated to celebrating and acknowledging the influential role of father figures in the lives of students. The Essence of Fatherhood The event kicked off with a warm welcome from the principal, who…

In a remarkable turn of events, Georgia’s tourism sector is poised to inject an unprecedented $4.5 billion into the national economy this year. This surge represents not only a recovery from past economic challenges but also a promising horizon for the country’s development and prosperity. The Resurgence of Georgia’s Tourism Georgia’s journey to becoming a tourism powerhouse is a testament to its resilience and strategic planning. After a period of…