Georgia and Azerbaijan boost trade turnover by 40 percent
Baku and Tbilisi have deepened their trade ties, with bilateral turnover growing by 40% this year to a total of $385 million.
Baku and Tbilisi have deepened their trade ties, with bilateral turnover growing by 40% this year to a total of $385 million.
The most of these reserves are held in foreign currency
Irakli Kobakhidze helr a meeting with the newly appointed Turkish Ambassador to Georgia. The discussions focused on enhancing economic collaboration and advancing the Middle Corridor initiative.
Georgia will continue to appear in international financial documents as a sovereign with a BB rating
The World Bank forecasts Georgia's economy to grow by approximately 5% this year, with price growth expected at 5.5%.
Georgian authorities are preparing to relaunch agricultural programs. This is expected to happen early next month.
Georgian Minister of Economy Mariam Kvrivishvili stated that Georgia intends to achieve full energy self-sufficiency by 2036
Levan Zhorzholiani, the Chief of the Georgian Government Administration, held a meeting with members of the US Congressional Committee on Foreign Affairs to address the enhancement of Georgian-US relations.
Georgia's potential accession to the EAEU could be beneficial for Tbilisi, though implementation depends on national leadership positions, according to Russian parliamentary analysis.
The ministry noted that the country's economic policy is results-oriented
Azerbaijan has emerged as the fourth-largest investor in the Georgian economy, according to preliminary data from the Georgian National Statistics Office (Sakstat).
A meat processing facility in Russia's Kursk region has exported its first shipment of meat products to Georgia, weighing 9.6 tons. The plant's total meat exports amount to nearly 35 tons.
Georgia has reported a reduction in domestic oil production, with 2025 output falling 8% compared to the previous year.
Food prices saw the largest increase
Georgia will invest approximately $7 billion in various transport projects by 2032.
Georgia's international reserves increased by $167.4 million during October, with total reserves reaching $5.6 billion.
World Bank representatives have identified key development conditions and economic prospects for Georgia.
Fitch Ratings has revised the Outlook on Georgia's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Stable from Negative and affirmed the IDR at 'BB'.
He noted that Georgia is achieving such high results despite the situation in the region and attacks on the country from the European Union
Georgia has observed a substantial increase in the so-called khachapuri price index, with the national dish's cost rising 10.3% year-on-year.