UK sanctions prompt ongoing investigations, with key legal outcomes already secured - Investigative Service
“Investigations have been opened and are actively ongoing at the Investigative Service of the Ministry of Finance into the companies sanctioned by the United Kingdom yesterday, Aifory LLC, ARVIX LLC, and Rapira Group LLC, with concrete legal outcomes already having been achieved in connection with these cases,” states a declaration issued by the Investigative Service of the Ministry of Finance.
According to the Investigative Service, none of the sanctioned companies had Georgia as their area of operation.
“Investigation has established that Aifory LLC and ARVIX LLC were fictitiously registered in the names of other individuals in exchange for a certain fee, whilst in reality operating out of Moscow, Russia, and possessing neither assets nor offices in Georgia. In the criminal case on these matters, a court verdict of April 28, 2026, imposed fines of 30,000 lari and suspended sentences on three of the accused, whilst Davit Jinchaladze, the organiser of the criminal scheme, was sentenced to nine years and six months’ imprisonment.
Regarding the unlawful activities of Rapira Group LLC, it has been determined that the company, registered via a power of attorney by a British national, operated solely through the website ‘rapira.net’. The site exclusively served Russian citizens, and its domain was registered with a Russian registrar. The company has no recorded banking transactions, assets, or offices on Georgian territory, and its registration was purely formal.
The Investigative Service of Georgia’s Ministry of Finance, in coordination with international partners, continues its active work in combating financial and cybercrime, as well as in preventing and suppressing any attempts to circumvent international sanctions,” the statement reads.
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Georgia’s unemployment rate decreased to 13.8% in Q2 of 2026 - National Statistics Office of Georgia
19.08.2026.22:07
The National Statistics Office of Georgia on Wednesday announced that in the second quarter of 2026, the unemployment rate in Georgia decreased by 0.5 percentage points compared to the same period of the previous year and amounted to 13.8 percent.
The statement noted that in the second quarter of this year, the labor force participation rate decreased by 0.8 percentage points compared to the corresponding period of the previous year and was determined at 53.3 percent, while the employment rate decreased by 0.4 percentage points and amounted to 46.0 percent.
The labor force participation rate in urban-type settlements decreased by 0.8 percentage points, and in rural-type settlements - by 0.7 percentage points.
The employment rate in urban-type settlements increased by 0.2 percentage points, and in rural-type settlements decreased by 1.4 percentage points and amounted to 46.7 percent and 45.0 percent, respectively.
According to the National Statistics Office, in the second quarter of 2026, compared to the corresponding period of the previous year, the share of employees in the total number of employees remained unchanged and amounted to 69.0 percent.
In the second quarter of 2026, compared to the corresponding period of the previous year, the unemployment rate in urban settlements decreased by 1.7 percentage points, and in rural settlements increased by 1.3 percentage points.
The unemployment rate is traditionally higher among men than among women. In the second quarter of 2026, compared to the corresponding period of the previous year, this indicator decreased by 0.9 percentage points among women, and by 0.2 percentage points among men, and amounted to 11.3 percent and 15.7 percent, respectively.
Additionally, the labor force participation rate is higher among men than among women. In the second quarter of 2026, the rate was 42.2 percent for women and 66.3 percent for men. Compared to the same period last year, the labor force participation rate for women decreased by 1.5 percentage points, while it increased by 0.1 percentage points for men.
As the agency added, in the second quarter of 2026, compared to the same period last year, the employment rate for women decreased by 0.9 percentage points, while it increased by 0.2 percentage points for men.
Construction of new Aragvi bridge to continue intensively to lift temporary restrictions as soon as possible - Infrastructure Minister
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