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Shares of Georgian Companies Plunge on London Stock Exchange

The prices of shares of Georgian companies on the London Stock Exchange are falling. As a result of today’s trading, the values of shares of Bank of Georgia, TBC PLC, and Georgia Capital have decreased.

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National Bank Intervenes with $60 Million to Stabilize Currency Market

Today, the National Bank of Georgia intervened in the foreign exchange market, selling $60 million to provide liquidity amid recent volatility.

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EU Backs Georgian People and Their Democratic Aspirations: Urges Georgian Authorities to Withdraw the Law

The European Union (EU) has reiterated its support for the Georgian people's commitment to democracy and their European future. The EU has condemned the recent incidents of intimidation, threats, and physical assaults on civil society representatives, political leaders, journalists, and their families, calling these actions unacceptable and urging Georgian authorities to investigate these documented acts thoroughly.

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Scholz and Macron Express Deep Concern Over Georgia's European Path

German Chancellor Olaf Scholz and French President Emmanuel Macron voiced their concerns regarding recent developments in Georgia. 

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A car hit a pedestrian in Kakheti - a 34-year-old man died

The accident occurred near the village of Baysubani in Kakheti (Eastern Georgia).

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American soldier arrested in Vladivostok

A court in Vladivostok arrested an American soldier, Gordon Black. The American is accused of theft and will remain in jail until July 2. Black was arrested in a case of theft causing significant harm to a citizen. On May 3, the Pervomaisky District Court of Vladivostok issued a warrant for his arrest, a court representative said on Tuesday, May 7. The American faces up to five years in prison.

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The State Security Service of Georgia announced provocations planned at the protests in Tbilisi

The State Security Service of Georgia claims to have information according to which certain groups of people are trying to organize provocations at rallies against the Law on Transparency of Foreign Influence. The purpose of these actions is the implementation of destructive and violent scenarios, which are organized with funding from foreign countries, the State Security Service states.

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Aslan Bzhania congratulated Vladimir Putin on taking office as President of Russia

The de facto leader of Abkhazia, Aslan Bzhania, congratulated Vladimir Putin on taking office as President of the Russian Federation.

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Lari strengthened - exchange rate

The National Bank of Georgia has set a new exchange rate. As a result of trading on May 8, the US dollar depreciated and amounted to 2.6797 lari. The current exchange rate was 2.6800 GEL.

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Six people were arrested on charges of assaulting a police officer and damaging property at a rally near the Georgian Parliament

“We want to provide the public with information about the illegal actions that took place at the protests that took place on Rustaveli Avenue and near the parliament building, on the basis of which the Ministry of Internal Affairs, as a result of an investigation together with the prosecutor’s office, detained 6 people on charges of assaulting a police officer and causing damage to property ". Director of the Tbilisi Police Department Sulkhan Tamazashvili stated this at a briefing.

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Visa-Free Travel to China for Georgian Citizens to Start on May 28

Starting May 28, 2024, Georgian citizens will be able to travel to China without a visa for up to 30 days. This development follows the completion of the necessary procedures for a bilateral agreement on visa exemption signed on April 10, 2024, between the governments of Georgia and the People's Republic of China.

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US Department of Space: Georgia’s Western Trajectory at Risk

U.S. Department of State releases statement: The United States condemns the Kremlin-inspired “foreign influence” legislation advanced in Georgia’s parliament earlier today and the false narrative government officials have adopted to defend it.  Members of the ruling party have been clear that the intent of the law is to silence critical voices and destroy Georgia’s vibrant civil society, which serves as a critical check on government in any democratic nation.

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Coal Production Reaches One Million Tons in Four Years Due to Enhanced Mining Operations

Over the past four years, through comprehensive mine rehabilitation and enhanced working conditions, the rate of coal extraction has seen significant improvements. By the end of April 2024, coal production successfully reached the milestone of one million tons, marking a new phase of intensive reconstruction.

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Statement by President Von der Leyen on the Situation in Georgia

Statement by President von der Leyen on the situation in Georgia.

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European Commission Director General to visit Georgia

European Commission Director General for Neighbourhood & Enlargement Negotiations, Gert Jan Koopman, will travel to Armenia, Georgia and Azerbaijan between 30 April and 4 May to discuss bilateral and regional cooperation and launch new initiatives. 

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The European Parliament resolution on visa liberalization has no significance - Irakli Kobakhidze

“As for the entry on the liberalization of the visa regime, which was included in the European Parliament resolution, it has exactly the same price as the entry on LGBT propaganda and the demand for the release of Saakashvili. All this has no price,” he said Prime Minister of Georgia Irakli Kobakhidze, commenting on the latest resolution of the European Parliament regarding Georgia.

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Biden signs new military aid package to Ukraine into law

US President Joe Biden signed a law providing for the allocation of a new package of military assistance to Ukraine totaling $60.64 billion. Previously, the corresponding bill was approved by the House of Representatives and the Senate of the US Congress.

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Tato Grigalashvili won the European Judo Championship

At the current European Judo Championships in Zagreb, Georgian athlete Tato Grigalashvili (81 kg) won a gold medal.

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Tbilisi to Build New 70,000-Seater Stadium for Football and Rugby

A new stadium designed to accommodate 70,000 spectators will be constructed in Tbilisi, announced Prime Minister Irakli Kobakhidze during a government meeting today. The stadium will cater primarily to football and rugby events and is expected to meet the highest international standards.

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Completion of Georgia's Longest Tunnel Marks Milestone in Kusheti-Kobi Highway Project

Tomorrow, April 23, marks the completion of the 9-kilometer Kusheti-Kobi tunnel, set to be Georgia's longest. The completion of this tunnel is a significant milestone within the broader construction of a new highway scheduled to finish within the year.

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Georgia Completes Construction of Its Longest Tunnel, Enhancing Connectivity Between Kvesheti and Kobi

A 9-kilometer tunnel, part of the Kvesheti-Kobi road project, has been completed, linking the villages of Kvesheti and Kobi. This tunnel, the longest in Georgia, was constructed using a Tunnel Boring Machine (TBM) specifically designed for this project, which minimizes environmental impact and promotes sustainability.

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Mestia Airport to Get New Modern Terminal

Prime Minister Irakli Kobakhidze announced plans for a new terminal at Mestia Airport during today's government meeting. The design for the terminal, which will adhere to modern standards, has been awarded to "Green Studio" after their project proposal was selected as the best.

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Bank of Georgia Issues $300 Million in 9.5% Capital Bonds

Bank of Georgia Group PLC's banking business subsidiary, JSC Bank of Georgia successfully priced a USD 300 million offering of 9.5% perpetual subordinated callable additional tier 1 notes. The Notes are denominated in USD and are expected to settle on 16 April 2024.

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Tbilisi's Future Main Airport to open in Vaziani, Deputy Minister Mariam Kvirivishvili Announces

Tbilisi to Welcome New Main Airport in Vaziani, Announces Deputy Minister Mariam Kvirivishvili.

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Rikoti Pass Construction Valued at 1 Billion Euros

The construction of the Rikoti section of the East-West expressway is valued at 1 billion euros, with the Asian Development Bank (ADB) in Georgia providing loan financing for the project. Deputy Minister of Finance, Ekaterine Guntsadze, highlighted ADB's crucial role, noting its flexibility in financing instruments.

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