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News
Russian Customs Service: Passenger Traffic Through Verkhny Lars Hits Record High
4+ day, 19+ hour ago (187+ words) sovanews.tv According to the Federal Customs Service of Russia (FTS), passenger traffic through the Verkhny Lars checkpoint on the border with Georgia has broken a record. According to the agency’s data, more than 20,000 people crossed the border in a…...
Georgian Railway Freight Traffic Up 19.9% in Q2 2026
4+ day, 20+ hour ago (186+ words) According to the National Statistics Office of Georgia (Geostat), in the second quarter of 2026, freight traffic carried by Georgian railway increased by 19.9% compared to the same period last year, totaling 3.9 million tonnes. Geostat reported that domestic traffic accounted for 6.7% of…...
Azerbaijan, Turkey, and Russia Lead in Money Transfers from Georgia
6+ day, 1+ min ago (190+ words) According to the National Bank of Georgia, $39.0 million (102.8 million GEL) was transferred abroad from Georgia in July 2026. This figure is 4.7% higher than the data recorded for July 2025 ($37.3 million). Notably, in this year’s transfer structure, Azerbaijan overtook Turkey to become the…...
Freight Rates to Russia and Central Asia Up 10–15%: Increase Expected to Continue
1+ week, 4+ day ago (385+ words) “We are seeing a price increase of 10 to 15%,” stated Irakli Nemsadze, head of the Land Transport Association of Georgia, in a conversation with Businesspressnews. According to him, the price hikes have been recorded mainly on freight routes heading to Russia…...
Freight transport to Russia and Central Asia jumps 10–15% — price increases expected to continue
1+ week, 4+ day ago (89+ words) sovanews.tv “Price increases of 10 to 15% have been recorded,” said Irakli Nemsadze, head of the Land Transport Association of Georgia, in an interview with Businesspressnews. According to him, the higher rates primarily affect shipments to Russia and to those Central…...
EPRC Report: Dependence on Russian Imports Threatens Commodity Prices in Georgia
1+ week, 5+ day ago (313+ words) When it comes to key food security products, Georgia is almost entirely dependent on a single supplier, according to a report by the non-governmental organization Economic Policy Research Center (EPRC). As noted in the EPRC analysis, amid serious problems in…...
Kazakhstan Considers Additional Oil Export Routes via Georgia
1+ week, 6+ day ago (126+ words) Against the backdrop of unstable operations at the Caspian Pipeline Consortium, Kazakhstan is considering the Baku-Tbilisi-Ceyhan and Baku-Supsa pipelines, as well as a transit route across the Caspian Sea, as additional routes for oil exports. Kazakhstan’s Ministry of Energy reported…...
National Bank of Georgia: Banks will continue servicing Telasi in lari
3+ week, 6+ day ago (224+ words) sovanews.tv The National Bank of Georgia stated that the country’s commercial banks will continue servicing the Telasi company in the national currency, the lari. The statement comes against the backdrop of the European Union’s adoption of its 21st sanctions package…...
Pavel Durov: Georgia Is Becoming an Important Business Hub
1+ mon, 59+ min ago (186+ words) sovanews.tv A month after his visit to Georgia, Telegram and VKontakte founder Pavel Durov stated that the country is turning into a major international business hub while remaining significantly undervalued. He also announced that he will soon visit Georgia…...
Georgia increases exports to $3.9 billion in first half
1+ mon, 3+ day ago (148+ words) Geostat (the National Statistics Office of Georgia) reports that in January–June 2026, Georgia increased its merchandise exports to $3.876 billion, which is reportedly 20% higher than in the same period last year. Domestic exports, excluding re-exports, reached $2.392 billion, accounting for 61.7% of the…...