It is noteworthy that in January-March of this year, goods worth 5.757 million USD were exported from Azerbaijan to Armenia, which is 0.11% of Azerbaijan’s total exports

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“According to the amendments to the law, after May 1, it will be possible to cultivate a vineyard for commercial purposes only with the prior consent of the National Wine Agency. Otherwise, a person who cultivates a vineyard arbitrarily will not be able to commercially sell the grapes or wine produced.The aforementioned regulation applies only to those who plan to cultivate a vineyard for entrepreneurial activity and does not apply to those who cultivate a vineyard for personal consumption.Consent to cultivate a vineyard is issued free of charge by the National Wine Agency.The amendments are part of a reform aimed at improving the quality of wine and are aimed at regulating the process of cultivating vineyards. All parameters of the vineyard must meet the established standards, which will contribute to obtaining a quality harvest and producing high-quality wine.It is noteworthy that by May 1 of this year, a relevant normative act will be developed that determines the requirements for obtaining consent to cultivate a vineyard "Documentation and procedures," the National Wine Agency said in a statement.

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According to him, Georgia stands out not only in the region but also in the world, both in terms of reforms and economic development."According to the forecast for the last 5 years, Georgia is the fastest growing economy. We talked about specific infrastructure projects financed by the World Bank. In addition, we discussed future projects, the implementation and financing of which the World Bank will be very actively involved. These will be both road and railway infrastructure, as well as water systems and other infrastructure projects that are fully consistent with the priorities of our country. The World Bank remains one of the largest investors in Georgia, having invested more than 5 billion  USD," noted Finance Minister Lasha Khutsishvili.According to him, the World Bank continues to actively invest in the Georgian economy.

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According to the statistics of the National Bank of Georgia, the maximum share of remittances in March - 45.4% ( $145.6 million; +10.7%Y.Y) falls on the European Union countries.The most growing flows are from Spain (+25.2%Y.Y) and France (+18.1%Y.Y).

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According to the Enterprise Georgia agency, this development marks a significant milestone for both expanding Starbucks’ global network and strengthening Alshaya Group’s operations in the Eurasian region. The project is expected to contribute to job creation and support the country’s economic and social development.“The first Starbucks store in Georgia will open in Tbilisi in the summer of 2026, located on Ilia Chavchavadze Avenue at Axis Towers. In the following months, expansion to other cities across Georgia is also planned.The entry of the Starbucks brand into Georgia was supported by the Enterprise Georgia agency under the Ministry of Economy and Sustainable Development, the Ministry of Foreign Affairs, the Embassy of Georgia in Kuwait, and the Embassy of Turkey in Georgia,” the Enterprise Georgia stated.Saleh Alshaya, President of Starbucks at Alshaya Group, said the brand’s arrival in Georgia comes with high expectations.“We are proud to introduce Starbucks to Georgian coffee lovers. This entry reflects the country’s developed café culture and young, dynamic consumer environment. Our goal is to bring Starbucks’ high quality and exceptional hospitality to as many people as possible, while supporting local suppliers and creating new employment opportunities,” he said.Duncan Moir, President of Starbucks for Europe, the Middle East, and Africa, mentioned that the company operates in over 90 countries and is expanding further through its partnership with Alshaya Group.“We can now offer our unique coffee experience to new customers in Georgia. This step allows us to contribute to the growing coffee culture in the region, build new connections, and invest in the communities we serve,” he said.According to Mikheil Khidureli, Director of the Enterprise Georgia, the process took several years of negotiations and coordination, including multiple visits by company representatives to Georgia, detailed market research, and location assessments.“This was a long and intensive process. Today we have a concrete result—the entry of one of the world’s most recognized brands into our country, which will create new jobs and strengthen Georgia’s investment attractiveness,” he said.Deputy Minister of Economy and Sustainable Development of Georgia, Irakli Nadareishvili, welcomed the investment, stating that Starbucks’ entry sends a positive signal to other global investors.Deputy Minister of Foreign Affairs, Aleksandre Khvtisiashvili, added that the Ministry continues to work through diplomatic missions to attract international brands to Georgia.Alshaya Group currently operates over 800 Starbucks stores across Eurasia, including Turkey, Kazakhstan, Azerbaijan, and the Middle East, and manages a portfolio of approximately 2,000 stores across 13 markets.Founded in 1971, Starbucks is one of the world’s leading speciality coffee companies, with more than 40,000 stores globally.

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This transaction marks a significant milestone in the development of Georgia’s banking sector and creates new opportunities in the market. The combined strength of two successful financial institutions with complementary capabilities, will significantly enhance competition and enable the delivery of a broader range of financial products and services to customers.“This transaction marks a defining moment in the history of two successful banks. The acquisition of Liberty Bank creates a unique opportunity to leverage the synergy of human expertise and technological capabilities to build a strong universal financial platform, equally focused on the development of both business and retail segments.Through this transaction, we are strengthening competition in the market while delivering greater value to our customers. With increased capacity, we will expand access to financing and unlock new opportunities for businesses, playing a significant role in driving Georgia’s economic growth” said David Tsaava, General Director of JSC Basisbank.Beka Gogichaishvili, General Director of JSC Liberty Bank, commented: “It has been a privilege to lead the Liberty team during a period of significant transformation and growth. I would like to express my sincere gratitude to our employees for their professionalism, dedication, and commitment, which have been fundamental to the bank’s success. I am confident that this transaction will open a new chapter for the bank, creating additional opportunities for our customers, our team, and the broader financial sector, while contributing to the development of Georgia’s economy.”To ensure strong governance and seamless transition, David Tsaava will assume the role of General Director of both Basisbank and Liberty Bank.At this stage, both institutions continue to operate independently, ensuring full continuity of services, products, and customer experience.About BasisbankBasisbank is one of the largest financial institutions in Georgia, offering banking, leasing, and insurance services to corporate clients, small and medium-sized enterprises, and retail customers. The bank creates a comprehensive ecosystem focused on customer success and long-term trust.According to 2025 financial results, the bank’s total assets amount to GEL 4.9 billion, with a gross loan portfolio of GEL 3.3 billion, a deposit portfolio of GEL 3.5 billion and net profit of GEL 122.4 million.About Liberty BankLiberty Bank is one of the largest financial institutions in Georgia, with over 1.7 million retail clients and more than 60,000 SME customers.The bank operates the most extensive network in the country, with approximately 500 service centers and up to 700 ATMs, covering all regions and municipalities. The number of employees exceeds 5,600.The bank’s total assets amount to GEL 5.8 billion, with a gross loan portfolio of GEL 4.2 billion, a deposit portfolio of GEL 4.17 billion and net profit of GEL 128 million for 2025.

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