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Economics

GNERC Commissioner Givi Sanikidze participated in the ERRA Meetings

Givi Sanikidze, Commissioner of the Georgian National Energy and Water Supply Regulatory Commission (GNERC), participated in the 22nd Annual Conference and General Assembly of the Energy Regulators Regional Association (ERRA), which was held in Muscat, Sultanate of Oman.

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Georgian Stocks Rally on LSE, Led by TBC Bank and Bank of Georgia – Galt & Taggart Weekly Review

Georgian equities listed on the London Stock Exchange posted mixed performances over the past week, according to a weekly market review by investment bank Galt & Taggart.

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Deposits in Georgian Banks Rise to ₾58.5 Billion in March, Up 11% Year-on-Year

The total volume of deposits in Georgian commercial banks reached ₾58.47 billion at the end of March 2025, an increase of 0.81%, or ₾468 million, compared to the previous month, according to financial statements released by the National Bank of Georgia (NBG). Year-on-year, deposit volumes rose by 11.27%.

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Lari Continues to Strengthen – Exchange Rates

The National Bank of Georgia has set a new exchange rate. According to trading results from April 15, the US dollar has decreased in value and now stands at 2.7544 lari. The rate that was in effect today was 2.7545 lari.

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British Airways Resumes Direct London-Tbilisi Flights

British Airways has officially returned to the Georgian aviation market, operating its first direct flight between London Heathrow and Tbilisi International Airport after a decade-long pause. The airline will now offer four weekly flights, connecting the capitals of the UK and Georgia with the modern Airbus A320neo aircraft.

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"Promoting Georgian Endemic Grape Varieties is Essential" – Mariam Khomasuridze

Mariam Khomasuridze, co-founder of the Georgian Wine Guild and an oenologist, emphasizes the importance of expanding Georgian wine’s presence in mature markets such as the UK, Germany, and other EU countries, including those with their own strong winemaking traditions.

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1 US dollar is now worth 2.7865 lari – Exchange rate

The National Bank of Georgia has set a new exchange rate. As a result of trading on March 18, the US dollar strengthened and is now worth 2.7865 lari. The rate that was in effect today was 2.7759 lari.

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1 US Dollar Now Worth 2.8157 Lari – Exchange Rate

The National Bank of Georgia has set a new exchange rate. As a result of the trading on February 13, the US dollar strengthened and became worth 2.8157 lari. The previous exchange rate was 2.8089 lari.

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Gas Supply Restoration Underway for 150,000 Subscribers in Vake-Saburtalo – Tbilisi Energy

The restoration of gas supply for up to 150,000 subscribers in Vake-Saburtalo has begun in stages following the repair of a damaged 500 mm central gas pipeline, Tbilisi Energy announced.

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Davit Narmania Delivered a Public Lecture to Students from Multiple Universities

Professor Davit Narmania, Chairman of the Georgian National Energy and Water Supply Regulatory Commission (GNERC), delivered a public lecture to students from several universities, covering the specifics of GNERC's activities and regulatory matters.

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900 Participants Engaged in Training Sessions on Energy and Water Supply at the Energy Training Center

Under the training programs organized by the Energy Training Center, 900 participants earned certificates in recognition of their qualification enhancement in 2024. The sessions, focused on energy and water supply, saw participation from representatives of regulated companies, businesses, tourism organizations, university students, and schoolchildren."

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Davit Narmania delivered a public lecture to students from multiple universities

Professor Davit Narmania, Chairman of the Georgian National Energy and Water Supply Regulatory Commission (GNERC), delivered a public lecture to students from several universities, covering the specifics of GNERC's activities and regulatory matters.

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Within the framework of the ongoing Visegrad project at the Energy Training Center, a practical guide on regulation has been developed

With the support of the International Visegrad Fund (IVF), the development of a practical guide/manual has been completed within the framework of the ongoing project at the Energy Training Center, titled "Sharing the Experience of the Visegrad Countries on the Regulation of Utility Services." The document addresses the regulation of the electricity, natural gas, and water supply sectors, targeting individuals interested in the regulation of utility services.

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1 US dollar now costs 2.8452 lari – exchange rate

The National Bank of Georgia has set a new exchange rate. As a result of trading on January 20, the US dollar strengthened and reached 2.8452 lari. The rate that was in effect today was 2.8412 lari.

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Davit Narmania: "The Sustainability of the Energy Sector is a Matter of Paramount Importance for our Country."

Chairman of the Georgian National Energy and Water Supply Regulatory Commission, Davit Narmania, has shared a post on social media regarding key trends in the energy sector:

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FMCG Sector Revenue Expected to Grow 8% Annually in 2025–28 – Galt & Taggart

A recent study by Galt & Taggart forecasts an 8% annual growth in revenue for Georgia’s FMCG (Fast-Moving Consumer Goods) sector between 2025 and 2028, with market size expected to reach 31.7 billion GEL by the end of the period. The study attributes this growth primarily to increased purchasing power among the population.

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Rising Food and Transportation Costs Impact Inflation Expectations, Says National Bank

The National Bank of Georgia (NBG) has expressed concerns over rising international food and transportation costs, warning that these trends could exacerbate inflationary pressures in the local market. This announcement accompanied the NBG’s decision to maintain the refinancing rate at 8%, a move aimed at balancing inflation risks with sustained economic growth.

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Georgian Pension Agency Invests 150 Million GEL in EBRD Bonds

The Georgian Pension Agency has invested 150 million GEL in bonds issued by the European Bank for Reconstruction and Development (EBRD) under its Global Medium Term Bonds (GMTN) program. This five-year bond has a floating interest rate, aligning with the agency’s goal of enhancing portfolio quality and asset diversification.

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The lari has strengthened - currency exchange rate

The National Bank of Georgia has set a new exchange rate. As a result of trading on November 8, the U.S. dollar depreciated and now stands at 2.7247 lari. The rate that was in effect today was 2.7328 lari.

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Electric Locomotive Fatally Strikes Shepherd in Western Georgia

An accident occurred in Zestafoni (Western Georgia).

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At the currency auction, the National Bank of Georgia sold 60,000,000 US dollars

On October 23, at the currency auction held by the National Bank of Georgia (NBG), the NBG sold 60,000,000 US dollars. The weighted average exchange rate was 2.7139. This information was released by the National Bank.

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1 US dollar is now worth 2.7262 lari – currency exchange rate

The National Bank of Georgia has set a new exchange rate. As a result of trading on October 22, the US dollar strengthened and is now worth 2.7262 lari. The exchange rate in effect today was 2.7207 lari.

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Lari Strengthens - Currency Exchange Rate

The National Bank of Georgia has established a new exchange rate. As a result of trading on October 18, the US dollar depreciated and is now worth 2.7157 lari. The exchange rate in effect today was 2.7171 lari.

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Teldor – A New Low-Toxic Fungicide for Agricultural Crops

Teldor, a new fungicide developed by BAYER, represents a breakthrough in crop protection with its innovative mode of action. Thanks to its low toxicity and excellent environmental profile, Teldor has easily passed registration, even in countries with stringent regulatory standards, including the USA.

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Unemployment in Georgia Drops to 13.7% - Geostat

In the second quarter of 2024, the unemployment rate in Georgia decreased by 3.1 percentage points compared to the same period the previous year, reaching 13.7%, according to data released by "Geostat."

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