Georgia

Georgian MPs want to rid the country of oligarchs, but not all of them

Mack Tubridy in Tbilisi October 4, 2022

Ruling Georgian Dream party says founder Bidzina Ivanishvil will not fall under new planned bill.

Georgia’s border clogged with thousands of Russians fleeing the Kremlin’s mobilisation

Mack Tubridy in Stepantsminda on the Russian-Georgian border September 29, 2022

After Vladimir Putin escalated the war in Ukraine with a mobilisation order, thousands of Russians are trying to enter Georgia to avoid being drafted and sent to the front lines in the war in Ukraine.

More pain stored up for Emerging Europe in 2023

bne IntelliNews September 29, 2022

Government efforts to shield populations from the energy crisis and rampant inflation have shifted the economic impact to next year, says the EBRD as it downgrades GDP growth forecasts for 2023.

IMF makes huge revision to Georgian growth forecast

bne IntelliNews September 16, 2022

GDP forecast revised from 3.2% to 9% as “expected negative effects of the war in Ukraine have not materialised so far”.

Junked American cars do a roaring business in Georgia

Giorgi Lomsadze of Eurasianet September 13, 2022

When cars die in the U.S., they often find a second life in the Caucasus.

Campaigners push for rethink of road through Georgia’s historic Khada valley

Clare Nuttall in Glasgow September 11, 2022

Opponents of the road project backed by IFIs say it will lower residents’ quality of life and make Georgia more vulnerable to its northern neighbour Russia.

Easing inflation supports hopes for rate cuts by year-end in Georgia

Iulian Ernst in Bucharest September 6, 2022

Annual inflation rate eased to 10.9% y/y in August from the peak level of 13.9% in May.

Social media post on Russian ex-president’s account calls Kazakhstan and Georgia ‘artificial creations’

bne IntelIiNews August 3, 2022

Aide claims Dmitry Medvedev was hacked. Text said territories of the two ex-Soviet states must be returned to Russia.

Georgia’s banks post impressive 1H22 annualised return on equity

Iulian Ernst in Bucharest July 22, 2022

Revenues expand 17% y/y to GEL3.4bn while expenses move up 39% y/y to GEL 2.36bn.

Georgia’s exports went up by 25% y/y in June

bne IntelliNews July 14, 2022

But trade deficit widened by 19% y/y to $609mn in the month.

Central bank and IMF to upgrade forecasts for Georgia’s economy

Ani Mejlumyan in Yerevan July 11, 2022

Russia's invasion of Ukraine has unexpectedly failed to damp down the country's economic boom.

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