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US Congressman Joe Wilson criticizes Kavelashvili’s planned visit to I...

In a post on X, the Republican lawmaker described Kavelashvili as the “fake president” of the Georgian Dream and claimed the visit would deepen what he called a “rabidly anti-American pact” between Iran and Georgia’s ruling party. Wilson also said Khamenei’s funeral was bringing together “the worst America haters from around the world.”The Georgian presidential administration has officially confirmed that Kavelashvili will attend the funeral ceremony in Iran.Wilson has been one of the most outspoken critics of the Georgian Dream government, frequently accusing it of pursuing anti-Western policies and undermining Georgia’s Euro-Atlantic aspirations.

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Mirziyoyev awarded the Order of the Golden Fleece

According to the Georgian Government Administration, the parties discussed key aspects of bilateral relations and noted that the Agreement on Strategic Partnership creates new opportunities for cooperation in the political, trade and economic, investment, scientific, technical, cultural, humanitarian and other fields.As the Prime Minister of Georgia noted, strengthening the partnership will further increase regional trade flows, reinforce transport corridors and promote broader economic integration.“Georgia highly values its partnership with Uzbekistan, which we regard not only as a reliable and important partner but also as a friend. Our bilateral relations have been developing steadily over the years. The Joint Declaration on Strategic Partnership will elevate our relations to a new level. I would like to thank you for your strong support for Georgia. The signing of the Strategic Partnership Agreement is the result of your personal support.The Joint Declaration is a testament to the friendship between our countries and provides a solid foundation for the sustainable development of bilateral relations and cooperation in the political, trade and economic, investment, scientific, technical, cultural, humanitarian and other fields.Strengthening our cooperation will further increase regional trade flows, reinforce transport corridors and promote broader economic integration.I sincerely thank you for your support for Georgia’s sovereignty and territorial integrity.The progress and achievements Uzbekistan has made under your leadership are truly impressive. You have built strong institutions, an effective system of governance and a clear vision for the country’s development.You are an exemplary leader, and we are confident that under your leadership, the bilateral cooperation and friendship between our countries will grow even stronger,” stated the Head of Government of Georgia.The President of Uzbekistan thanked the Prime Minister of Georgia and the Georgian side for the warm welcome, noting that Georgia’s impressive economic achievements make the country an important partner and a reliable pillar for Uzbekistan in the South Caucasus.According to Shavkat Mirziyoyev, despite the challenging global economic environment, achieving such results is the outcome of the government’s consistent and effective work.“I would like to thank our Georgian friends for the warm welcome. On behalf of the people of Uzbekistan and personally, I sincerely thank you for awarding me the country’s highest state honours, the Order of the Golden Fleece.Elevating Georgian-Uzbek relations to the level of a strategic partnership is a major achievement. Georgia’s impressive economic accomplishments deserve special recognition, and I sincerely congratulate you on these successes.Despite the current global economic situation, achieving such results is undoubtedly the outcome of the consistent and effective work of the Government and your entire team. Today, Georgia rightfully ranks among the world’s fastest-growing economies. Of course, behind this success stands the dedicated effort of visionary policymakers under your leadership.Georgia is an important partner and a reliable pillar for us in the South Caucasus. In recent years, cooperation between our two countries has been developing dynamically across all areas, and this is only the beginning,” stated the President of the Republic of Uzbekistan.

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Georgia and Uzbekistan sign financial and customs cooperation accords

According to the Minister, the customs agreement paves the way for advanced information sharing, which will significantly bolster effective coordination between the customs authorities of both nations.“Furthermore, a crucial agreement was signed to foster closer cooperation in the financial sector. This will enable our countries to share institutional expertise in core areas such as budgetary planning and public financial management.Georgia holds a globally leading position in these disciplines. Our nation ranks number one in the world on the Open Budget Index for transparency and maintains a highly advanced standing regarding public financial management reforms. This agreement presents an excellent opportunity for our Uzbek colleagues to leverage the outcomes of our reforms as we work collaboratively on these initiatives,” the Minister of Finance, Lasha Khutsishvili, noted.

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Georgia Appointed Coordinator of the BSEC Working Group on Banking and...

The appointment strengthens Georgia's multilateral cooperation with the central banks and financial institutions of the Black Sea region while promoting the exchange of institutional expertise and best practices.The Working Group aims to promote close and mutually beneficial cooperation among BSEC Member States in the banking and financial sectors. Its priorities include strengthening dialogue on regulatory and supervisory issues, enhancing information exchange, initiating joint projects, and developing regional strategies."Coordinating the BSEC Working Group highlights Georgia's strategic role in the region and provides an important platform for strengthening professional ties across the banking and financial sector. This role further enhances our multilateral cooperation with central banks and financial institutions throughout the Black Sea region, fostering the exchange of expertise and best practices across a wide range of areas," said Natia Turnava, Governor of the National Bank of Georgia.The Organization of the Black Sea Economic Cooperation (BSEC) brings together 13 Member States, including Türkiye, Armenia, Azerbaijan, Bulgaria, Greece, Moldova, Romania, and Serbia.

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Fish prices increased by 20.4% - meat by 9.8%

With regard to the annual core inflation, the prices increased by 3.5%, while the annual core inflation without tobacco amounted to 3.2%.The annual inflation rate was mainly influenced by price changes for the following groups:Food and non-alcoholic beverages: the prices in the group increased by 5.6 percent, contributing 1.92 percentage points to the overall annual inflation rate. Within the group the prices increased for the following subgroups: fish (20.4 percent), meat (9.8 percent), fruit and grapes (8.7 percent), bread and cereals (6.6 percent), sugar, jam, honey, chocolate and confectionery (5.5 percent), oils and fats (5.5 percent), coffee, tea and cocoa (4.2 percent), mineral waters, soft drinks, fruit and vegetable juices (1.8 percent), milk, cheese and eggs (1.8 percent), vegetables (0.4 percent);Transport: the prices for the group increased by 16.5 percent, contributing 1.87 percentage points to the overall index. Within the group the prices increased for operation of personal transport equipment (24.0 percent) and transport services (11.8 percent);Housing, water, electricity, gas and other fuels: the prices for the group increased by 7.2 percent, contributing 0.69 percentage points to the overall index. The prices were higher for the subgroups of electricity, gas and other fuels (10.1 percent), maintenance and repair of the dwelling (6.8 percent) and actual rentals for housing (5.4 percent);Health: the prices increased by 4.7 percent, contributing 0.4 percentage points to the overall index. The prices were higher for the following subgroups: medical products, appliances and equipment (7.5 percent), out-patient services (3.0 percent).

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Consumer prices increased by 5.7%, how much will they increase in June...

Since 2018, the National Bank of Georgia's inflation target has been 3%.The NBG asks us1) By what percentage do you think the price of the products/services you sell will change in 1 year compared to today?By more than 8% or less than 6%?2) By what percentage do you think the consumer price level will change?5) By what percentage do you think the salaries of employees in your company will change over the next year?The questionnaire contains 5 questions, the answers to which will help the regulator to learn about the expectations of citizens.At the end of the questionnaire there is a recommendation field, which the citizen can fill in or not, as desired.

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