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“Friends, after 12 years of work, I am leaving my position at the National Bank. After thinking about the National Bank all this time, it is very difficult to leave each of my employees and the work done with them.Of course, I remain a supporter of the institutional strengthening of the National Bank, this time from afar. I will continue my work at the International Monetary Fund, in Washington, again in the direction of macroeconomics.”

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During the meeting at the UAE President's residence, Kobakhidze highlighted his Government’s support for Emirati investments in his country, emphasising a “growing interest” from “leading” development and logistics companies.The discussions covered key projects, including the Abu Dhabi Ports Group’s “substantial investment” in the Tbilisi Dry Port project. The initiative, involving the construction of a multimodal inland terminal to facilitate rail and road container shipments in the capital city, is set to complete this year.The officials also noted “successful conclusion” of negotiations with EMAAR, a “major development company”, that was expected to result in a “multi-billion-dollar investment” in Georgia, the press office noted.The Georgian delegation further expressed its intention to advance discussions with the Abu Dhabi State Investment Company to strengthen cooperation in strategic logistics and transport initiatives, the press office added.Regional challenges and a “critical importance of maintaining stability” were also highlighted during the talks, before the Georgian PM extended an official invitation to the President to visit Georgia.

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“I believe this will entirely transform the landscape of the Georgian development market. It will show that Georgia is a reliable and trustworthy investment partner, and I think it will also qualitatively enhance the very dynamic direction of the economy”, Davitashvili told the media in the United Arab Emirates capital Abu Dhabi.The Minister highlighted the “traditionally tight, friendly” relationship between the two countries, noting “robust ties” in both political and economic areas. He said Georgia was one of the first countries in the wider region to forge a comprehensive economic cooperation agreement with the UAE.“We have relations with this country under a free trade regime. This serves as an important legal foundation for enhancing our trade and economic ties, as well as for closer cooperation in investment”, he said.Davitashvili also mentioned the ongoing involvement of Abu Dhabi Ports Group, a global trade, logistics and transport enabler and operator of 10 ports and terminals in UAE, in “significant projects” within Georgia, including  a dry port in the capital city of Tbilisi as a multimodal inland terminal to serve rail and road container shipments.“One of the largest companies in Abu Dhabi is closing in on the completion of a dry port in Tbilisi. This year, we will celebrate this important project's opening, as construction work is almost finished [...] Additionally, we will hold meetings with company representatives to discuss expanding their presence in Georgia and explore further investments from Abu Dhabi in key logistics and transportation sectors”, he said.The Minister also noted collaboration in the energy sector, particularly in renewable energy projects, where Masdar, another UAE renewable energy company, is involved.Davitashvili said the ongoing efforts aimed to finalise an agreement with Masdar, noting preliminary studies were completed. The Minister added the cooperation would enable the country to “further enhance” its trade and economic relations with the UAE.The Georgian PM started his official visit to the UAE on Sunday.

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Following this event, Georgian wine will also be presented in Spain.According to the National Wine Agency, Georgian wine companies will participate in the Madrid Fusión 2025 Gastro Congress in Madrid, where a Georgian wine-tasting seminar will be held. This initiative, organized by the Georgian National Tourism Administration, will feature Georgian wine alongside traditional Georgian gastronomy.In early February, Georgian wine companies will take part in the RAW Wine International Natural Wine Exhibition and the VineExpo Paris International Wine and Spirits Exhibition in Paris.Throughout 2025, with financial and organizational support from the National Wine Agency, Georgian wine will be actively promoted in strategic markets including the USA, UK, Germany, Poland, the Baltic countries, China, South Korea, and Japan. Producers will participate in major international exhibitions for wine and alcoholic beverages.The promotion budget for Georgian wine in 2025 has been increased to 17.4 million GEL, 1.4 million GEL higher than last year. In 2024, revenue from wine and alcoholic beverage exports reached a record 565 million USD, marking a 24% increase compared to 2023.

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In December, the NBG increased foreign exchange reserves by $28.6 million through interventions on the Bmatch platform. By the end of the month, the country’s international reserves stood at $4.45 billion.“International foreign exchange reserves are a key guarantor of the country’s macroeconomic stability. Accordingly, the NBG remains focused on replenishing reserves whenever market conditions permit, as reflected in the bank’s stated policy,” the NBG statement reads.The National Bank of Georgia will release updated data on foreign exchange market operations on February 25, 2025.

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The platform will contribute to increasing the efficiency of banks' treasuries, better managing operational and financial risks, and at the same time, significantly improving the functioning of local financial markets, which in turn will ensure increased investor confidence and support long-term economic growth. The system will enable participating banks to benefit from simplified processes and make more informed financial decisions in accordance with international standards. As a result, financial institutions will be able to better manage financial risks, optimize their trading activities, and increase overall operational efficiency.The implementation of the platform will increase market volume, derivatives transactions, and improve the price formation process.The Treasury Association and six commercial banks (Bank of Georgia, TBC Bank, Liberty Bank, Basisbank, Terabank and Cartu Bank) signed an agreement on participation in the project to provide a treasury management software system.Within the framework of the project, the National Bank of Georgia will develop the hosting infrastructure necessary for the implementation of the system, which will contribute to the establishment of a stable, secure and reliable environment necessary for its functioning. In turn, the Treasury Association will ensure the successful planning, organization and implementation of the strategic goals of the project. Substantial expenses will be borne by commercial banks.When selecting the system, the parties studied international experience and existing practices, after which they chose the best system, MUREX MX.3. It is noteworthy that 65 out of 100 international banks have implemented this program. The platform is used daily by more than 60,000 users worldwide.The next stages of the project include agreeing on detailed terms of system implementation and service, adapting the system to the operational needs of the participating banks, upon completion of which preliminary pilot testing will begin.

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As Kakha Kaladze noted, it is nonsensical to claim employees are being dismissed for political reasons, since people with different political views currently work in the mayor’s office.“It’s completely absurd to suggest we are dismissing employees politically. We have begun reorganization in the city hall, and more people, who are not fulfilling their duties and responsibilities, will be fired. Some employees’ contracts have simply expired.Leadership makes decisions based on whether an employee is needed and performs at a satisfactory level. I can provide many examples of people who had or still have different political views, even signed petitions, yet continue working normally in Tbilisi City Hall,” Kaladze stated.

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As of the document, in December 2024, the share of persons receiving a monthly salary up to 600 GEL amounted to 11.3%, which was 2.3 percentage points less than the corresponding period of 2023, and 11.0 percentage points lower than the corresponding period of 2022.In December 2024, the share of persons receiving a monthly salary up to 600 GEL amounted to 11.3%, which was 2.3 percentage points less than the corresponding period of 2023, and 11.0 percentage points lower than the corresponding period of 2022.In December 2024, the share of persons receiving a monthly salary of 2,400 GEL and more amounted to 44.5%, which was 5.1 percentage points more compared to the corresponding period of 2023, and 26.1 percentage points higher than the corresponding period of 2022.In December 2024, the share of persons receiving a monthly salary of 9,600 GEL and more amounted to 4.6%, which was 0.8 percentage points more compared to the corresponding period of 2023, and 3.1 percentage points higher than the corresponding period of 2022.In December 2024, the number of persons receiving a service fee decreased. The number of persons receiving a service fee decreased by 3.9% compared to the corresponding period of 2023 and by 4.5% compared to the corresponding period of 2022.

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