Georgian Dream ready to bring country to higher level
The ruling Georgian Dream party intends to take the country to a significantly new level of development in the next four years of its rule …
Georgian economy
Georgia predicted to have serious economic growth
The International Monetary Fund has upgraded its economic growth forecast for Georgia to a 7.6% for 2024, surpassing the rates of European countries and the country's regional neighbours, the Georgian Economy Ministry said. In its …
Georgia’s domestic exports consistently increase
Georgian Deputy Economy Minister Vakhtang Tsintsadze said domestic exports had “consistently increased“ since June, with an overall 4.1% increase between January and September contributing to a “record” total volume of …
First ships to be admitted in Anaklia port in 2029
Georgian Prime Minister Irakli Kobakhidze emphasised the role of the Anaklia deep sea port project in boosting the country's connectivity …
Georgia's inflation rate declines in September
The monthly inflation rate in Georgia amounted to 0.3% in September, while the annual figure stood at 0.6%, the National Statistics Office said. Prices for services in education increased by 4.4% month-on-month, contributing 0.22% …
Irakli Kobakhidze underlines Georgia's successes
Georgian Prime Minister Irakli Kobakhidze said the country’s "very significant progress” in “democracy, economy and social …
Kobakhidze: Georgia to eradicate poverty by 2030
Georgian Prime Minister Irakli Kobakhidze emphasised the “very high” economic growth of 9.3% of the first five months of the …
Georgian foreign trade declines - statistics
Georgia's foreign trade turnover in the first half of 2024 dropped by 1.8% compared to the same period in 2023, totaling $10.3 billion, the Georgian National Statistics Service reported. From January to June 2024, the country …
Blueberries to double Georgian farmers' income in 2024
Georgian Minister of Agriculture and Environmental Protection Otar Shamugia said that blueberry production and export was expected to double this year. "This year we expect a doubling of blueberry production …
Georgian National Bank maintains refinancing rate
The Georgian National Bank decided to keep the refinancing rate unchanged at 8% as inflation in the country remained below the target …
World Bank projects Georgia's economy to grow
The Georgian economy has been projected to grow 5.2% in 2024 in the June edition of the World Bank’s Global Economic …
Georgian economy shows stable growth
Georgia's GDP grew 11.8% year-on-year in April 2024, the Georgian National Statistics Service reported. The average growth rate for the first four months of 2024 was determined at 9%. Manufacturing, construction, …
Economy Minister pledges to maintain macroeconomic stability in Georgia
Georgian Economy Minister Levan Davitashvili said the government would “maintain macroeconomic stability because of its highly responsible economic policy”. The minister expected investors to “make objective …
Poverty reaches historic lows in Georgia
Georgia's Deputy Minister of Economy Vakhtang Tsintsadze said poverty levels had reached “historic lows” in the country. "In just one year, [the figures] decreased by 3.8%, lifting approximately …
Georgia's Anaklia port to be built by Chinese consortium
Georgian Economy Minister Levan Davitashvili said China Communications Construction Company Limited would be announced as the Georgian Government’s private partner for the Anaklia port project “in the coming days”. …
Deputy PM: Georgia’s economy to be fastest growing in Europe
Georgian Deputy Prime Minister, Economy Minister Levan Davitashvili said the country’s economic growth forecast was “positive” in the medium term and the domestic economy was set to become “one of the …
Georgian FM highlights “very high” economic growth
Georgian Finance Minister Lasha Khutsishvili highlighted the “very high” economic growth in Georgia over the past four years. According to the minister, Georgia had experienced “double-digit” growth between …
China to help Georgia to develop as digital hub
China is ready to cooperate with Georgia and will help the coubtry to develop as a transport and digital hub, Chinese Ambassador to Georgia Zhou Qian said in …
Georgia's external debt continues to decline
In 2023, Georgia's public debt increased by 6.7% compared to the year before. This year, it has been gradually declining for two months in a row.
Georgia's National Bank reduces refinancing rate once again
The National Bank of Georgia said it was continuing its exit from a tight monetary policy by reducing the refinancing rate by 0.75 percentage points, down to 8.25%. The Bank said both domestic and external factors had contributed to …
