Georgia's Car Re-Export Trade Faces Uncertain Future
Georgia's once-thriving used-car re-export sector now faces challenges due to market shifts, geopolitical tensions, and government regulations.
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Georgia's once-thriving used-car re-export sector now faces challenges due to market shifts, geopolitical tensions, and government regulations.
Block Energy, the development and production company focused on Georgia, has announced its audited results for the year ended 31st December 2023. The Company significantly increased EBITDA to $1,469,000 from $158,000. The Project IV farm-out was completed, achieving a carried work programme valued at over $3 million (gross).
Dealers grapple with uncertainty as country strives to remain re-export hub.
The US, EU and NATO have slammed the newly-passed foreign agents law in Georgia, while the foreign ministers of Iceland, Lithuania and Estonia took part in protest rallies against the legislation in Tbilisi. Sputnik's pundits called these actions foreign meddling in Georgia's affairs.
Rustavi City Court on Tuesday sentenced the mother and uncle of a 14-year-old girl murdered last year in eastern Georgia’s Sagarejo municipality by a man who had reportedly kidnapped her.