Georgia increases foreign trade by 6.6%
Despite political challenges, the Georgian authorities are confidently increasing foreign trade, the National Statistics Service "Sakstat" reports.
Georgian economy
Georgian authorities comment on lari depreciation
The Prime Minister of Georgia has urged citizens not to worry about the recent fall of the lari. According to Irakli Kobakhidze, there is nothing unusual in the weakening of the national currency.
Wildberries marketplace begins working in Georgia
Wildberries started working in Georgia under a franchise. The first pick-up point will open in Tbilisi.
Georgia to become rich in six years, Ivanishvili says
This will happen if the current rates of economic growth are maintained
Kobakhidze speaks on time frame for return of migrants to Georgia
The Georgian authorities are counting on the active return of migrants to the country after 2026. The Prime Minister noted that these expectations are related to the development of the Georgian economy.
Georgia becomes fastest growing economy in South Caucasus
Georgia is the country with the fastest growing economy in the South Caucasus. This statement was made by the country's Prime Minister Irakli Kobakhidze.
Georgia breaks tourist flow record
In the first three months of this year, almost 1 million tourists visited Georgia. Income from the tourism sector during this period amounted to more than $800 million.
Lari exchange rate continues to fall amid adoption of foreign agents bill
The national currency of Georgia continued to depreciate despite the efforts of the National Bank of the Republic, which sold about $60 million at a foreign exchange auction today.
Georgia raises growth forecast for Georgian economy in 2024
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%.
National Bank of Georgia reduces key rates for 2nd month
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 increases tourism revenues
Georgia plans to increase tourism revenues. This year, the republic will receive more than $4 billion in profit.
West cuts Georgian investment
Since the beginning of the year, foreign investment in Georgia has decreased by 34%, and in Q3, it fell by over 61%.
First microbank to open in Georgia
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 to increase wine export to $1 bln
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
Socially vulnerable kids to be supported in Georgia
From July 1, in Georgia, benefits for socially vulnerable children will be increased from 150 to 200 lari
Georgia calls for opening of direct flights with US
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.
Georgia to cut food prices
The Ministry of Economy of Georgia is taking measures to reduce food prices. The authorities try to create optimal prices and avoid 100% margins
Georgia earned record amount of money from tourism in 11 months of 2022
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 …
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 …
International reserves of Georgian National Bank soar to record high
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 …
