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Georgia’s economy slowed down to 4.4% growth in the first month of 2018 from 5.2% in January 2017, according to the latest data from the National Statistics Office of Georgia (Geostat). In January 2018 the estimated real Gross …
Georgia and Turkey have agreed to widen an existing free trade agreement, so Georgian producers will soon be able to increase export volume to Turkey by 20%. The final round of negotiations was held Ankara, where delegations of …
Georgia’s economic activity performed better than expected, with the economic growth of 4.8% in 2017, according to the International Monetary Fund mission, which visited Georgia last week to discuss recent economic and financial …
Georgia’s state budget for 2018 will be 12 billion GEL, which is 943.8 million GEL more compared to 2017. Georgia's Parliament approved the financial document with 111 votes yesterday. While presenting next …
The National Bank of Georgia (NBG) has decided to increase its refinancing rate in response to expectations of increased inflation. The Monetary Policy Committee (MPC) of the bank increased the refinancing rate by 25 basis points to …
The International Monetary Fund recommended the Georgian government to reduce capital spending, including in wages of officials. According to the First Review of the Extended Arrangement under the Extended Fund Facility for …
The foreign ministers of the member countries of the Organization for Democracy and Economic Development (GUAM), comprising Georgia, Ukraine, Azerbaijan and Moldova, participated in a ministerial meeting in Georgian capital of Tbilisi today …
Georgia's economic growth increased by 4.9% in six months of 2017, the National Statistics Office of Georgia 'Geostat' said. In the first quarter of this year the GDP increased by 5.1%, in the second quarter - …
The World Bank will provide Georgia with a loan of 47.2 million euros for economic development. Money will be allocated in the framework of Second Inclusive Growth Programmatic Development Policy Operation for Georgia – DPO-2. …
Georgia's economy grew by 5% in the first quarter of 2017 in comparison with the same period last year, the National Statistics Service of Georgia said. Economic growth in March 2015 was 5.3% in comparison with the same period last …
Georgia will get $285.3 million in the next three years from the International Monetary Fund (IMF) to carry out a package of economic reforms in the country. "The IMF Executive Board approved a three-year extended arrangement under …
The GDP of Georgia in 2016 amounted to $14.3 billion, exceeding the previous year’s figure by 2.7%, according to the information of the National Statistics Office of Georgia 'Geostat'. The GDP deflator was 4%. 9.9% of GDP …
This year in Georgia ends with the win of Georgian Dream in the fight with United National Movement and the biggest devaluation of the national currency, so the country enters 2017 in the not so holiday mood, Georgian experts said in an interview …
Delegation led by the Minister of Economic Development of Azerbaijan Shahin Mustafayev is on official visit to Georgia on October 27-28 to discuss prospects for economic cooperation expansion between Azerbaijan and …
The National Bank of Georgia will keep its monetary policy rate unchanged at 6.5%. During the next two quarters NBG will decrease the monetary policy rate to six percent, announced the Bank in a statement. NBG explained any …
The lari exchange rate will stabilize in the near future and in the medium term the Georgian national currency will continue strengthening its position, the Georgian Finance Minister Nodar Khaduri said. "There was …
Georgian products pressed France and took 48.1 percent of the imported cognac market
The National Bank of Georgia increased its forecast for GDP growth in the country in 2016 from 3% to 3.5%, the President of the National Bank, Koba Gvenetadze, said at today's briefing. "The difficulties in …
Georgian Prime Minister Giorgi Kvirikashvili said the fact that the World Bank has raised Georgia’s position in a global income ranking to reflect the increase in the average income of Georgian citizens is an important …
The issue of the Georgian Military Road, which is constantly closed due to the impact of elements, is quite acute for the Georgian government today, but the improving of the road infrastructure, as well as searching of detours is too expensive …
