News of the day
The US State Department recently published a report lauding the investment environment in Georgia, attributing its success to economic stability and progressive reforms undertaken by the nation.
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Economics
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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Politics
World
U.S. President Joe Biden has promised to ensure a peaceful transfer of power to his successor, Donald Trump, who won the presidential election. "I will fulfill my duty as president. I will uphold my oath and abide by the Constitution. On January 20, here in America, there will be a peaceful transfer of power," Biden said in an address to the nation on Thursday, November 7.
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In terms of governance effectiveness, Georgia surpasses all EU candidates, 17 EU and NATO member states, and one G7 member state.
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World
Negotiations with British Airways have successfully concluded, and the airline will begin operating direct flights between London and Tbilisi with four weekly flights starting in the summer of 2025. This achievement comes after several years of active efforts by the Government of Georgia, particularly the Ministry of Economy.
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German Chancellor Olaf Scholz and French President Emmanuel Macron voiced their concerns regarding recent developments in Georgia.
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Other news
TBC Bank and the Bank of Georgia have announced a joint initiative to allocate ₾5 million in aid. The funds will be directed toward supporting affected citizens, as well as small and medium-sized businesses impacted by the ongoing situation.
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The footballer of the Georgian national team and French club "Saint-Étienne," Zuriko Davitashvili, was named the best player of October in Ligue 1.
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The U.S. Republican Party candidate Donald Trump has won the presidential election. He currently has 276 electoral college votes, which is enough for victory, as reported by CNN.
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The voting procedure for the 2024 parliamentary elections has concluded across Georgia. Voters were allowed to cast their ballots until 8:00 PM.
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