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Economics

Gas Prices in Europe Reach a Three-Year High

Gas prices on the European exchange rose to nearly €60 on March 3 — a third higher than the previous day and the highest level since February 2023. The day before, QatarEnergy announced a halt in LNG production due to attacks by Iran.

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Lari strengthens — exchange rates

The National Bank of Georgia has set a new exchange rate. As a result of trading on March 6, the US dollar depreciated and amounted to 2.7362 lari. The rate in effect today was 2.7419 lari.

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The lari continues to strengthen — exchange rate

The National Bank of Georgia has set a new exchange rate. Following trading on February 20, the US dollar depreciated to 2.6760 lari. The rate in effect today was 2.6769 lari.

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The lari strengthened — exchange rate

The National Bank of Georgia has set a new exchange rate. As a result of trading on February 12, the U.S. dollar weakened and amounted to 2.6819 lari. The rate in effect today was 2.6830 lari.

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Lari Strengthens — Exchange Rates

The National Bank of Georgia has set new exchange rates. As a result of trading on February 9, the U.S. dollar weakened to 2.6856 lari, down from the previous rate of 2.6870 lari.

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Lari Strengthens Again — Exchange Rate Update

The National Bank of Georgia has set a new exchange rate. Following trading on January 30, the US dollar weakened to 2.6908 lari. Today’s rate was 2.6922 lari.

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CEOs of Georgian companies Orbi Group and Block Group attended a Christmas Party at the White House

Georgian company Orbi Group and Block Group Leaders Irakli Kvergelidze and Tornike Janashvili Attend a Special Holiday Celebration. On a snow-dusted December evening in Washington, D.C., Irakli Kvergelidze, Chief Executive Officer of Georgian company Orbi Group, and Tornike Janashvili, Chief Executive Officer of Georgian company Block Group, attended a private Christmas celebration at the White House as specially invited guests of President Donald J. Trump and First Lady Melania Trump on December 5, 2025.

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The Prime Minister of Georgia took part in the opening ceremony of the Sustainable Development Week Summit in Abu Dhabi

The Prime Minister of Georgia, Irakli Kobakhidze, is participating in the Sustainable Development Week Summit in Abu Dhabi, the administration of the Government of Georgia reports.

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The lari strengthened — exchange rate

The National Bank of Georgia has set a new exchange rate. As a result of trading on January 9, the US dollar weakened to 2.6971 lari. The rate in effect today was 2.6982 lari.

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The official exchange rate of 1 US dollar stood at 2.6968 lari

The National Bank of Georgia has set a new exchange rate. Following trading on January 5, the US dollar strengthened to 2.6968 lari. The rate in effect earlier today was 2.6963 lari.

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The Lari Strengthens Again — Exchange Rates

The National Bank of Georgia has set a new exchange rate. As a result of trading on December 25, the U.S. dollar weakened and stood at 2.6966 lari. The rate in effect today was 2.6970 lari.

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The Lari Continues to Strengthen — Exchange Rate

The National Bank of Georgia has set a new exchange rate. According to the results of trading on December 11, the US dollar depreciated and now stands at 2.6991 lari. The rate in effect today was 2.6995 lari.

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The official value of 1 US dollar has become 2.7016 lari

The National Bank of Georgia has set a new exchange rate. According to the results of trading on December 4, the US dollar strengthened and reached 2.7016 lari. The rate that was in effect today was 2.7010 lari.

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Lari Strengthens Again — Currency Exchange Rates

The National Bank of Georgia has set a new exchange rate. Following the trading on November 27, the US dollar depreciated and amounted to 2.7039 lari. Today’s rate was 2.7047 lari.

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The lari has strengthened again — exchange rates

The National Bank of Georgia has set a new exchange rate. According to the results of trading on November 17, the US dollar depreciated and amounted to 2.7080 lari. The rate in effect today was 2.7085 lari.

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The lari has strengthened — exchange rate

The National Bank of Georgia has set a new exchange rate. According to the results of trading on November 14, the US dollar depreciated and amounted to 2.7085 lari. Today’s rate was 2.7091 lari.

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Starbucks once seemed unstoppable in China. Its US owner is now giving up control

Beijing/Hong Kong — Nearly three decades ago, Starbucks opened its first outlet in China with much fanfare, involving a troupe performing a traditional “golden lion” dance and eager customers trying cappuccinos made with steaming espresso machines.

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The official exchange rate of one US dollar amounted to 2.7212 lari

The National Bank of Georgia has set a new currency rate.

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“Monetary Reform Recognized as Georgia’s Most Ambitious and Successful Economic Transformation”

"For 30 years, the GEL has been the only means of payment in Georgia," said Academician Vladimir Papava at a scientific conference held on the occasion of Economist's Day, dedicated to the 30th anniversary of the introduction of the GEL into circulation.

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David Iakobidze: Georgia’s 1995 Monetary Reform Was Meticulous, Professional, and a Success

“In 1995, before the introduction of the lari, the Ministry of Finance played a major role in establishing the economic foundations. We managed to mobilize 20% of GDP into the budget and monetize all humanitarian aid, which helped stabilize the coupon,” said David Iakobidze, Georgia’s Minister of Finance from 1993 to 1997, who was actively involved in launching the country’s first national currency.

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The lari has strengthened again — exchange rates

The National Bank of Georgia has set a new exchange rate. According to the results of trading on October 7, the US dollar depreciated and amounted to 2.7130 lari. The rate that was in effect today was 2.7201 lari.

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1 US dollar is now worth 2.7405 lari

The National Bank of Georgia has set a new official exchange rate.

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1 US dollar is now worth 2.7080 lari — exchange rate

The National Bank of Georgia has set a new exchange rate. Following trading on September 16, the US dollar strengthened to 2.7080 lari. Today’s rate was 2.7051 lari.

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Lari continues to strengthen — exchange rate

The National Bank of Georgia has set a new exchange rate. As a result of trading on September 10, the US dollar depreciated to 2.6920 lari. Today’s rate was 2.6921 lari.

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China condemns sailing of Canadian, Australian warships in Taiwan Strait

BEIJING, Sept 6 (Reuters) - China's military on Saturday said its forces had followed and warned a Canadian and an Australian warship, which were sailing through the sensitive Taiwan Strait, in a move it condemned as a "provocation".

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