Category: Economy

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…

In the month of March, Georgia witnessed a modest increase in its annual inflation rate, marking a slight rise to 0.5%. This increment, although seemingly insignificant, is a reflection of the broader economic trends affecting the nation and its citizens. The Dynamics of Inflation Inflation is often perceived as a negative phenomenon, but a closer examination reveals its complex nature. In Georgia, the rise to 0.5% in March from the…

In an era where global collaboration is the linchpin of economic success, the renewed partnership between the Annual Investment Meeting (AIM) Congress and the UAE International Investors Council (UAEIIC) stands as a testament to the power of strategic alliances. This article delves into the intricacies of this partnership and its implications for the global economy. A Strategic Alliance Renewed The AIM Congress and the UAEIIC have rekindled their commitment to…

Amidst global economic shifts, Georgia’s economy stands at a critical juncture. Let’s explore the key developments and prospects for the nation. Economic Outlook Georgia’s economic forecast for 2024 indicates a soft landing rather than a recession. While the probability of a recession remains at 33%, the country’s resilience and recent successes play a crucial role. Here are the highlights: GDP Growth: In 2024, Georgia’s GDP is projected to grow by…

In a concerted effort to uplift women entrepreneurs across Georgia’s diverse regions, the United Nations Development Programme (UNDP) continues its unwavering support. Recently, Zestaponi hosted an exhibition and sale, showcasing products crafted by talented women entrepreneurs. With UNDP Georgia’s backing, these women are making significant strides in their businesses. Fostering Economic Independence The collaboration between UNDP Georgia and the Embassy of Sweden in Tbilisi falls under the ‘UN Joint Program…