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Economics

Lari strengthened again - exchange rate

The National Bank of Georgia has set a new exchange rate. As a result of trading on March 12, the US dollar depreciated and amounted to 2.6570 lari. Today's rate was 2.6573 lari.

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Georgia's National Tourism Administration Anticipates $4.5 Billion in Tourism Revenues for 2024

The National Tourism Administration of Georgia has shared its projections for the tourism sector in 2024, setting ambitious targets for the upcoming year. The agency forecasts a total of 6.8 million passengers, with tourism revenues expected to reach $4.5 billion. Additionally, it anticipates 7.9 million international travelers and 5.2 million international tourist visits.

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The cost of 1 US dollar became 2.6562 lari

The National Bank of Georgia has set a new exchange rate. As a result of trading on February 27, the US dollar strengthened and amounted to 2.6562 lari. Today's rate was 2.6525 lari.

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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 February 14, the US dollar depreciated and amounted to 2.6483 lari. Today's rate was 2.6517 lari.

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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 February 8, the US dollar depreciated and amounted to 2.6573 lari. Today's rate was 2.6592 lari.

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National Bank of Georgia Releases January 2024 Monthly Economic Review

The National Bank of Georgia has published its January 2024 Monthly Review, offering a comprehensive analysis of the latest macroeconomic trends and developments in the country's banking and financial sectors.

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Improvements in Rustavi's Water Supply: GNERC Overseeing Georgian Water and Power's Investment Plans

The Georgian National Energy and Water Regulatory Commission (GNERC) recently hosted a critical meeting focused on the implementation of Georgian Water and Power LLC’s investment plans for the years 2024-2026.

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Energy Training Center at GNERC Offers Course on Electricity Regulation Fundamentals

The Energy Training Center at the National Energy and Water Regulatory Commission of Georgia (GNERC) is currently accepting registrations for its comprehensive training course titled "Fundamentals of Regulation in the Electric Energy Sector."

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December Sees a Significant Surge in GEL Circulation, Reaching Nearly 6 Billion GEL

According to the latest data from the National Bank of Georgia (NBG), there was a notable increase in the demand for cash in December, resulting in a significant rise of over 300 million GEL in the cash circulation. By the close of 2024, the GEL in circulation almost touched the 6 billion GEL mark, settling at approximately 5.8 billion GEL.

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Over 1000 Micro Power Plants Now Part of Georgia's Net-Metering Network, Boosting Renewable Energy

Georgia's commitment to renewable energy development has reached a new milestone with the inclusion of over 1000 micro power plants in the net-metering network, according to the National Energy and Water Supply Regulatory Commission of Georgia (GNERC).

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The cost of 1 US dollar became 2.6920 lari

The National Bank of Georgia has set a new exchange rate. As a result of trading on December 27, the US dollar strengthened and amounted to 2.6920 lari. Today's rate was 2.6908 lari.

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Georgian Wine Exports See Rise in Value Despite Drop in Volume

In 2023, Georgian wine has witnessed an increase in its export value, ranking it second among Georgia's export products. Official statistics reveal that in the first 11 months of 2023, Georgia exported 83.1 tons of wine valued at $239.3 million.

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Middle Corridor Transport Route Set to Be Fully Operational in One Year: Prospects for Georgia's Economy

Today's conference at the Black Sea Platform explored the imminent full operation of the Middle Corridor transport route, expected within the next year. The gathering saw participation from government bodies, business associations, diplomatic corps, and civil organizations from Georgia, EU countries, and regions. Key discussion points included the potential challenges and opportunities presented by this strategic corridor.

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Beer Prices in Georgia: Affordable Compared to Neighbors, Except Kazakhstan - Galt & Taggart Analysis

Galt & Taggart's recent analysis of the beer sector reveals that beer prices in Georgian supermarkets are more affordable compared to Azerbaijan, Armenia, and Turkey, yet higher than in Kazakhstan. The report provides a comparative cost analysis across various countries.

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Lari strengthens again – exchange rate

The National Bank of Georgia has set a new exchange rate. As a result of trading on December 8, 1 US dollar depreciated and amounted to 2.6695 lari. Today's rate was 2.6860 lari.

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"State Engagement Varies Across Reforms," Notes "Reformer" Program Manager Giorgi Papava

Giorgi Papava, the manager of the "Reformer" program, shared insights on state participation in reforms during the "Business Partner Peak Hour" program. He noted that while the state is notably active in certain reforms, its involvement can be minimal in others.

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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 December 6, the US dollar depreciated and amounted to 2.6860 lari. Today's rate was 2.6937 lari.

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Lari strengthened against dollar and euro

The National Bank of Georgia has set a new exchange rate. According to the results of trading on December 4, the cost of 1 US dollar was 2.6943 lari. Today's exchange rate was 2.7026 lari - accordingly, the change in the dollar exchange rate against the national currency was 0.0083 lari.

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Georgian Airways will use Boeing-787 Dreemliner from next year

Starting next year, Georgian Airways will have new modern aircraft at its disposal, such as the Boeing 787 Dreamliner.

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"Energo-Pro Georgia" Completes Major Power Line Rehabilitation with 2 Million GEL Investment

JSC "Energo-Pro Georgia" has successfully completed the rehabilitation and reconstruction of the "Chkhari" high-voltage power transmission line, marking a significant investment of 2,000,000 GEL.

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Tbilisi to Welcome 18-Meter Buses on Key Routes

Tbilisi Mayor Kakha Kaladze recently announced the introduction of new 18-meter buses, set to replace the existing 12-meter models on four major routes – N301, N302, N308, and N314. This change, part of a citywide transportation overhaul, aims to enhance passenger capacity and reduce wait times.

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The official value of 1 US dollar became 2.6970 GEL - exchange rate

The National Bank of Georgia has set a new exchange rate. As a result of trading on November 13, the US dollar depreciated and amounted to 2.6970 lari. Today's rate was 2.6989 lari.

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"Energo-Pro Georgia" Completes Major Power Line Rehabilitation with 2 Million GEL Investment

JSC "Energo-Pro Georgia" has successfully completed the rehabilitation and reconstruction of the "Chkhari" high-voltage power transmission line, marking a significant investment of 2,000,000 GEL.

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Lari strengthens against dollar and euro - exchange rate

The National Bank of Georgia has set a new exchange rate. As a result of trading on November 10, the US dollar depreciated and amounted to 2.6989 lari. Today's rate was 2.7048 lari.

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The official value of 1 US dollar became 2.7138 lari - exchange rate

The National Bank of Georgia has set a new exchange rate. As a result of trading on November 3, the US dollar depreciated and amounted to 2.7138 lari. The current exchange rate was 2.7152 lari.

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