TBC Capital has raised its forecast for Georgian economic growth in 2024. The company has reported that the country's economic growth will exceed 6%. In February, Georgia's economy grew by 9.5%.
In Georgia, the refinancing rate is being reduced for the 2nd month in a row. Late last year, it was lowered to 9.5%
Georgia plans to increase tourism revenues. This year, the republic will receive more than $4 billion in profit.
Since the beginning of the year, foreign investment in Georgia has decreased by 34%, and in Q3, it fell by over 61%.
The National Bank of Georgia expects that the first microbank in the country will begin operating in the near future. The license for such banks in the republic was introduced last summer.
Georgia plans to increase export of wine and other alcohol to $1 bln in 7 years with the help of new Investments in production and promotion
From July 1, in Georgia, benefits for socially vulnerable children will be increased from 150 to 200 lari
The head of the government of Georgia said that the opening of direct flights with the USA will help to attract American capital and bring the peoples of the two countries closer.
The Ministry of Economy of Georgia is taking measures to reduce food prices. The authorities try to create optimal prices and avoid 100% margins
In the period from January to November 2022, Georgia's international tourism revenue reached a record high. This was reported at the National Tourism Administration of Georgia on December 16. As noted, during this time Georgia …
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 …
As of September 30, the international reserves of the National Bank of Georgia reached a historical maximum - $4,313.1 mln, the policymaker reports. The previous record was set in late 2021 - $4,272.1 mln. The National Bank …
Malkhaz Dolidze, chairperson of the Union of Bread Producers of Georgia, said that the price of bread would rise in the republic. It is predicted that the growth will be 0.2 lari from May this year. It is specified that the …
The biggest risk to the Georgian banking system at present is dollarization, the head of the National Bank of Georgia Koba Gvenetadze said. According to him, this opinion is shared not only by him, but by independent agencies and …
The Georgian economy is projected to grow 6% in 2021, 5% in 2022 and again 5% in 2023, says the June edition of the World Bank’s report Global Economic Prospects 2021. According to the latest GDP data of April …
The Covid-19 pandemic and its devastating economic impact painfully hit the entire South Caucasus region. Particularly difficult are the crisis in Armenia and Georgia, which, unlike Azerbaijan, whose economies do not have a financial airbag and …
The fate of the Anaklia Deep-Sea Port, a project to build an artificial deepwater port in western Georgia, has again been called into question after the country’s government cancelled its contract with the Anaklia Development Consortium …
Georgia will be allocated $41.4 million to complete the Fifth Review of Georgia’s economic reform program. The decision was supported by the Executive Board of the International Monetary Fund (IMF). "Georgia’s economy …
Georgia's exports increased by 12.4% to $2,1 million in January-July 2019, according to data from the National Statistics Office of Georgia (Geostat). At the same time. Georgia's imports stood at $4,9 million (4.7% lower …
Nothing threatens the Anaklia project, - Natia Turnava, Minister of Economy and Sustainable Development, told journalists when commenting on filing charges against Mamuka Khazaradze and Badri Japaridze, InterPressNews reports. …
