NBG launches online platform to compare banking fees and deposit rates

According to Moldovan publication point.md, the project has reached this phase following the signing of a memorandum of understanding between Transelectrica and the Georgian State Electrosystem (GSE).The high-voltage submarine cable, which will run along the bottom of the Black Sea, will provide electricity transmission between the two countries, effectively opening a new route for electricity supply to the European Union.“One of the most important energy projects in the region is taking shape. Following the signing of the Memorandum of Understanding, the partnership is entering the stage of technical preparation, which is necessary to create the infrastructure for the energy connection between Romania and Georgia,” Transelectrica said in a statement.What does the project mean for Romania and what are its parameters?For Romania, the implementation of this project means closer integration into the European energy system, access to new sources of electricity, increased energy security, the ability to integrate more renewable energy, and a strengthening of the country’s role in Europe’s energy infrastructure.The project involves the construction of a high-voltage transmission line and a digital connection between the Georgian city of Anaklia and the Romanian city of Constanta. Total length: 1,155 kilometers (of which 1,115 km will run on the Black Sea bed and 40 km on land). Capacity: The planned capacity of the line is 1,300 MW. Transelectrica notes that the project is a significant step towards the development of modern energy infrastructure and strengthening international cooperation.

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During the meeting, the project’s legal consultant and mediator presented potential organizational and membership fee models, drawing on examples from other countries and local associations. By the end of the meeting, the participants agreed on the best model to ensure the sustainable development of the meat sector.The Georgian Meat Producers' Association aims to facilitate communication between farmers, consumers, state agencies, and international or local partners, while prioritizing the best interests of sector representatives and adhering to international standards. Ultimately, this will contribute to food safety, product traceability, and the sustainable development of the meat sector in the country. The Association actively cooperates with state and international organizations to help refine sector policies and legislation. Its priority is to increase access to financial instruments, investment projects, and various support programs for sector representatives."Meat suppliers represent different sub-sectors and are often competitors, yet they all share a common goal: supplying retail chains with safe products that meet consumer demands. The sector is quite fragmented, which is why our objective is to consolidate them around their shared interests. This will help them find common ground, develop action plans, and focus on addressing existing challenges. Furthermore, the presence of the Association will assist the government in identifying issues within the meat sector and responding to them efficiently. In establishing this Association, we drew upon leading European Union practices, which we believe will significantly support the organization’s future operations and development," said Mikheil Sokhadze, FAO Project Manager.The NAITS project is implemented by the FAO in cooperation with the National Food Agency, with financial support from the Swiss Agency for Development and Cooperation (SDC) and the Austrian Development Agency (ADA), as part of International Partnerships Austria. 

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According to the Presidential Administration, Kavelashvili stated that Berdimuhamedow’s first state visit to Georgia marks an important milestone in the development of bilateral relations and serves as a clear indication of strengthened high-level political dialogue between the two countries.During the meeting, the sides discussed prospects for expanding cooperation between Georgia and Turkmenistan. Particular attention was paid to deepening trade and economic ties, promoting investments, and enhancing cooperation in the fields of energy, transport, and logistics, as well as making more effective use of the strategic potential of the Middle Corridor.“The parties noted that Georgia, as a key link connecting Europe and Asia, is interested in further developing transit connections, including through the future opportunities offered by the Black Sea ports and the Anaklia Deep Sea Port,” the Presidential Administration said.The presidents also discussed strengthening cooperation in the fields of culture, education, and science. The importance of people-to-people contacts, the development of youth and academic exchange programs, and support for joint cultural initiatives were highlighted.According to the Presidential Administration, Mikheil Kavelashvili thanked President Serdar Berdimuhamedow for Turkmenistan’s support for Georgia’s sovereignty and territorial integrity.The official visit of President Berdimuhamedow to Georgia began today. A face-to-face meeting between Georgian Prime Minister Irakli Kobakhidze and Berdimuhamedow, as well as bilateral meetings with Georgian ministers, are scheduled for tomorrow.

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According to Georgia’s Ministry of Finance, the meeting focused on trade and economic cooperation between the two countries, as well as projects of regional importance.The parties emphasized the importance of deepening partnership in the transit and logistics sectors. Discussions also covered the development prospects of the “Middle Corridor” and the need to further enhance connectivity opportunities.The Finance Minister briefed the guest on Georgia’s current macroeconomic indicators and medium-term forecasts.“For his part, the Deputy Chairman of the Cabinet of Ministers of Turkmenistan spoke about Turkmenistan’s key economic indicators. At the end of the meeting, the sides expressed hope that the visit of the President of Turkmenistan to Georgia would contribute to promoting trade and investment between the two countries,” the Ministry of Finance said.

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This is an important innovation, because last year only one price was set for Saperavi and other grape varieties. In accordance with the Law “On Vine and Wine”, in the case of grapes of permitted varieties, price differentiation will be carried out by the percentage of sugar content.What will the subsidy for the 2026 harvest cost the budget?The government has so far issued only one decree for the 2026 harvest, according to which GEL 60 million should be spent on subsidies. However, the experience of past years shows that the actual expenditure, as a rule, is much higher than the original plan.For comparison, the government had initially also set GEL 60 million for subsidizing the 2025 harvest, although in the end the actual expenditure turned out to be 3.5 times higher – GEL 220 million (in total, GEL 241 million was spent from the budget to purchase grapes that remained outside the private sector).It should be recalled that within the framework of the 2025 harvest, due to a surplus harvest and low demand from the private sector, the state had to purchase 145,742,918 kilograms of grapes from the budget.

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Despite the positive dynamics in June, a slight decline is recorded in the tourism sector in the first half of this year. In particular, in the first half of 2026, tourism receipts totaled $2 billion, which is 0.2% less than in the same period last year.As for expectations, according to the investment bank’s forecast, the sector will return to growth - tourism revenues will reach $4.9 billion in 2026, and $5.3 billion by 2027.The review also focuses on official statistics from the National Bank of Georgia. According to the National Bank, in June 2026, official international reserves increased by 51.9% year-on-year and reached a new record level of $7.1 billion.Compared to the previous month (May), reserves increased by 1.7% in June, which means an increase of $115.8 million in absolute terms.“The change in reserves is related to foreign exchange operations of the government and/or the banking sector, as well as the purchase of foreign exchange by the NBG using the BMatch platform (information will be available on July 27). It is worth noting that as of June 2026, monetary gold accounts for 14.2% of total international reserves,” the Galt & Taggart review states.

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China Eastern Airlines will implement the flights three times a week on Wednesdays, Fridays and Sundays.China Eastern Airlines is the third Chinese airline to operate regular flights between Georgia and China.“The new route will help strengthen tourism, business, and trade-economic ties. Combined with the visa-free regime, travel between the two countries will become easier,” the Union of Georgian Airports said.Tickets can be purchased on the airline's official website: www.ceair.com

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The company attributes this growth to the increase in economic activity in the country and the number of new subscribers.In particular, as of June 2026, the number of Telasi subscribers increased by 4.5% (35.5 thousand subscribers) compared to the same period in 2025 and amounted to 833.4 thousand subscribers, of which 746.6 thousand are individuals, and 86.8 thousand are legal entities.During the same period, the total length of the company's power transmission lines amounted to 7,810 km, which is 7% (510 km) higher than the figure for the first six months of 2025. The total length of the company's power transmission lines increased as a result of network development, reconstruction and modernization works.

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