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Gov’t Increases Financing of Defense Ministry by GEL 80 mln

In 2019, the financing of the Ministry of Defense of Georgia will increase by GEL 80 million ($29.58m) and in total amount to GEL 870 million ($321,686m). The information was released by the Finance Minister of Georgia, Ivane Machavariani, while presenting the draft budget 2019 to the parliamentarians. Machavariani says that according to NATO standards, […]

Georgia: The World’s Co-Working Hub

While Georgia’s current liberal immigration framework may require some fixing, it is important that the policy debate surrounding this issue is conducted in a coolheaded, professional manner. It would be a mistake to throw the baby, Georgia’s appeal as a destination of choice for thousands of developers , out with the dirty bath water. Especially […]

IMF Representative: Georgian Economy Developing Well

rancois Painchaud, IMF Resident Representative in Georgia, believes that the Georgian economy is developing “quite well,” despite the recent developments in the country, such as the upcoming second round of the presidential elections and fluctuation of the national currency. “I would say the Georgian economy is developing quite well. Fundamental factors are in place, the […]


As one of the leading banks in the region, Inecobank introduces the new cutting –edge and innovative payment solution in Armenia, InecoPay. The new solution allows to make contactless payments from smartphones. To make payments with InecoPay., the users only have to install InecoMobile application and scan the QR codes in points of sales with […]

Welcome Challenge Global Forum

The inaugural Welcome Challenge, an annual Global Forum for Hospitality and Travel Industry Innovations, will be held in Georgia on October 24-26. The event will host 20-25 of the world’s best startups in the hospitality industry and include the most interesting innovative initiatives in this sector. The forum is a Georgian initiative. It will include […]

Georgian GEL Continues to Devaluate

The Georgian national currency GEL (Lari) has continued to devaluate throughout the month of October. The National Bank of Georgia (NBG) has set a new exchange rate, according to which one dollar price equals GEL 2.6855. The rate for October 16 was GEL 2.6664. The Euro exchange rate is GEL 3.1095, while the previous rate […]

Georgian Products to be Exhibited in Paris

With the support of the Ministry of Economy and Sustainable Development’s Agency Enterprise Georgia, and with the help of the UN International Trade Center, 18 Georgian companies will be able to exhibit food and drinks at SIAL Paris 2018. SIAL Paris 2018, held on 21-25 October, is the largest food trade fair in Europe. With […]