page 4
Georgia’s revenues from tourism reached $476 million in July, a 20% increase from the same month of the pre-pandemic 2019 and a roughly 130% increase from July 2021, Georgian Prime Minister Irakli Garibashvili said. …
Georgia is maintaining “strong” economic growth rates in 2022, Economy Minister Levan Davitashvili said after announcing the latest Gross Domestic Product data that said the economy had grown by 11.6% in May and 11.2% in the first …
Georgia is now the highest ranked country on budget transparency in Open Budget Survey 2021 published by the International Budget Partnership. The country's score has risen by more than 30 points since 2008, with the …
According to the National Statistics Service of Georgia "Sakstat", real GDP growth in March 2022 amounted to 10.6% compared to last March. Georgia's average GDP growth for the first quarter of this year was 14.4%. In 2021, …
Georgian Prime Minister Irakli Garibashvili has called on fuel importer companies to adjust their prices “as soon as possible” at the weekly Government meeting on Monday. Garibashvili pointed to the price of oil on the …
Georgia has wheat resources enough for more than a month and more can be imported if necessary for food security, Georgian Finance Minister Lasha Khutsishvili said. The price of wheat was "changing rapidly" in both …
The nominal gross domestic product (GDP) of Georgia amounted to 60.23 billion GEL ($18.7bln/€16.94bln) in 2021, up by 22.3% year-on-year, while the real growth of GDP also increased by 10.4%, the preliminary data from the National Statistics …
The Consumer Price Index in Georgia increased by 1.1% in January 2022 compared to the previous month, while the annual inflation rate stood at 13.9%, the latest inflation data of the National Statistics Office of Georgia (Geostat) shows. …
According to data for 2021, Turkey became Georgia’s leading trading partner. The trade turnover between the countries reached $2.1 billion. The share of Turkey in the total trade turnover of Georgia was 15%, according to the data …
Georgian Prime Minister Irakli Garibashvili said the Georgian government has ‘significantly improved key fiscal parameters’ due to rapid economic recovery. He also noted that the government’s debt was reduced to …
Georgian Prime Minister Irakli Garibashvili said the government was able to ‘recover, stimulate and diversify’ the country’s economy' in an unprecedented time frame,’ noting that Georgia has double-digit economic …
Georgia has exported 19 tonnes of peaches and nectarines worth $17 million from May 1 to July 25, which is 6.3 tonnes more than in the same period of last year, the Ministry of Agriculture of Georgia announced. The ministry says …
Georgia doesn't plan to impose new COVID-19 related restrictions for businesses at this stage, Georgia's Minister of Economy and Sustainable Development Natia Turnava said. She said the interagency council is trying not to …
The COVID-19 pandemic has hit Georgia hard. Mobility restrictions, a sudden halt to international tourist arrivals, and weak external demand drove an estimated economic contraction of 6.2 percent in 2020. The poverty rate increased by an …
Georgia has become a member of the World Association of Investment Promotion Agencies (WAIPA) through the application of Invest in Georgia, which is run by the country's export support agency Enterprise Georgia. …
The Georgian Parliament has approved a state budget of 18.4 billion GEL for 2021 at an extraordinary session yesterday. The state budget includes over 890 million GEL expenditures for quarantine, testing and …
The government of Georgia will unveil an anti-crisis economic recovery plan on April 24, which will include measures for targeted social and business support. The plan will also detail the gradual removal of the current …
The Georgian Energy Exchange has been established with the instruction and coordination of the Economy Ministry with equal co-participation of Georgian Electrosystem and Electricity System Commercial Operator (ESCO). The electricity …
Georgia will get about $41.6 million from the International Monetary Fund (IMF) under the fifth review of the Extended Fund Facility (EFF) programme after it will be finalised by IMF Management and Executive Board in December 2019. …
Standard & Poor's (S&P) Global Ratings has raised its long-term foreign and local currency sovereign credit ratings on the Government of Georgia to 'BB' from ‘BB-’. It also affirmed the short-term ratings at …
