Georgia: downtown Tbilisi avenue closed for road works

Traffic movement and municipal transport routes will be restricted on downtown Tbilisi’s Rustaveli Avenue between until December 5 for planned road repair works, Tbilisi city hall has announced. Vehicles are directed from the avenue through Leo Kiacheli and Giorgi Akhvlediani streets in the direction of Merab Kostava Street, and to Heroes Square through Niko Nikoladze…

Georgia: volume of loans up in October 2022

Commercial banks in Georgia loaned GEL 43.24 billion ($15.87 billion) and received deposits of GEL 42.31 billion ($15.53 billion) in October, the latest data from the National Bank of Georgia showed. The volume of loans increased by 0.04% MoM in October, while the number of deposits increased by 0.58%. Last month, the sum of deposits…

Georgia: economy minister pledges to transform country into fast logistics hub for “businesses on two continents”

Georgian economy minister Levan Davitashvili on November 24 said the government would ensure transformation of the country into a transit corridor and logistics hub that would make rapid transportation and communication available for “businesses on two continents”. The Ministry of Economy cited Davitashvili as having made the statement at the ministerial conference of the Central…