Georgia's economy grows by 7.7% in February
Georgia's GDP showed impressive growth in February, with energy, transport and communications playing a significant contribution to economic growth.
GDP
Georgian authorities predict 10% economic growth in 2025
Georgian Prime Minister Irakli Kobakhidze said it was “absolutely realistic” for this year’s domestic economic growth rate to exceed 10%. The PM highlighted the 9% growth recorded in the past year, which he said was a …
Georgia's GDP increased by 9% last year
Georgia's economic growth last year was approximately 9%. The country's authorities expect the GDP growth figures to surpass this figure this year.
Uzbekistan's economy grows by 6.5% in 2024
Uzbekistan's gross domestic product grew by 6.5% last year. This was achieved largely due to foreign investors.
Uzbekistan among 3 fastest growing economies in 2024
The World Bank now forecasts that Uzbekistan's GDP will grow 6% in 2024, 5.8% in 2025 and 5.9% in 2026, according to the bank's latest Global Economic Prospects review. The bank's previous forecast in June predicted more …
Mishustin: Challenges not hinder development of Russian foreign trade
According to Mikhail Mishustin, Russia's foreign trade is developing dynamically. He emphasized that the country's GDP has increased by 4.2% since the beginning of the year.
Russia's Central Bank analysts raise forecasts for key rate
Russia's Central Bank analysts have again raised their forecasts for the average key rate in 2024, this time to 17.1% from the 16.8% they were predicting in July. The 2025 forecast rises to 16.1% from 15%, 2026 to 11.5% from 10.6%, …
Türkiye sees highest growth in G20 area
The GDP in the Group of 20 nations increased 0.9% in the first quarter of this year on quarterly basis, the Organization for Economic Cooperation and Development (OECD) data showed. The figure accelerated from a 0.7% growth in the final …
Russian Deputy Prime Minister Alexander Novak speaks on investment boom in Caucasus
The Russian Deputy Prime Minister, Alexander Novak, said that the investment flow to the Caucasus regions from Russian financial institutions has increased. According to him, "they have turned their attention to the region".
Georgian economy shows stable growth
Georgia's GDP grew 11.8% year-on-year in April 2024, the Georgian National Statistics Service reported. The average growth rate for the first four months of 2024 was determined at 9%. Manufacturing, construction, …
Deputy PM: Georgia’s economy to be fastest growing in Europe
Georgian Deputy Prime Minister, Economy Minister Levan Davitashvili said the country’s economic growth forecast was “positive” in the medium term and the domestic economy was set to become “one of the …
Siluanov: Russia's GDP to exseed IMF forecast in 2024
Russia's GDP in 2024 is expected to grow at the same rate as in 2023, when it expanded by 3.6%, Russia's Finance Minister Anton Siluanov said. "Russia is careful with the budget balance. Public debt remains at …
Georgia's GDP grows 7% last year
The Georgian GDP grew 8.3% year-on-year in December and by 7% in 2023, the Georgian National Statistics Office said. According to the office, last month’s growth was mainly driven by estimated real growth in construction, …
IMF revises upward outlook for Russian GDP
The International Monetary Fund has revised upward its estimates of economic development of Russia and forecasts Russia’s GDP to grow by 2.6% in …
Georgia to maintain economic growth - official
Georgian Economy Minister Levan Davitashvili said the country would maintain the trend of economic growth this year. "The economic growth will be even higher in the coming years”, the minister said, adding that the latest …
Azerbaijan becomes one of leading destinations for investors
Azerbaijan is among the top ten priority markets for foreign investors. This happened due to the country's stable macroeconomic indicators.
IMF changes growth forecast for Georgian economy
The International Monetary Fund predicts GDP growth in Georgia in 2022 at 10%, which is 1 percentage point higher than the previous forecast. In September, the IMF predicted that the Georgian economy would grow to 9%, and the inflation …
Russia's GDP declines by 0.4% in first half of 2022
Russia's GDP in January-June 2022, according to preliminary estimates, decreased by 0.4% in annual terms, according to the Russian State Statistics Service (Rosstat). According to the latest estimate of Rosstat, in the Q2 of 2022, …
PM highlights Georgia’s ranking as 2nd in Global Peace Index
Georgian Prime Minister Irakli Garibashvili on Monday highlighted the Global Peace Index showed the country ranked second in the world with the ten-year progress in peacefulness, and credited this achievement with the “correct policy” …
Russian GDP declines 3% in April
Russian GDP fell an estimated 3.0% year-on-year in April after growing 1.3% in March, 4.1% in February and 5.6% in January, the Economic Development Ministry said in an economic review. The economy grew an estimated 1.7% year-on-year in …
