Georgian economy

Georgian FM highlights “very high” economic growth

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 …

Georgia's National Bank reduces refinancing rate once again

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 …

Georgia's inflation rate up

Georgia's inflation rate up

Georgia's annual inflation rate was 0.3% in February, the Georgian National Statistics Office reported. Citing the office's data, price changes …

Georgia's GDP grows 7% last year

Georgia's GDP grows 7% last year

The Georgian GDP grew 8.3% year-on-year in December and by 7% in 2023, the Georgian National Statistics Office said. According to the office, last month’s growth was mainly driven by estimated real growth in construction, …

Georgia to maintain economic growth - official

Georgia to maintain economic growth - official

Georgian Economy Minister Levan Davitashvili said the country would maintain the trend of economic growth this year. "The economic growth will be even higher in the coming years”, the minister said, adding that the latest …

Georgia to sign Middle Corridor agreement next year

Georgia to sign Middle Corridor agreement next year

Georgian Economy Minister Levan Davitashvili said Georgia was the only country having free trade agreements with both Europe and China, which created an opportunity for economic activity, “making the country attractive” in this …

Georgia's National Bank reduces refinancing rate

Georgia's National Bank reduces refinancing rate

The Monetary Policy Committee of Georgia's National Bank decreased the refinancing rate by 0.5%, to 9.5%, following a “more pronounced” reduction in the domestic inflation rate than anticipated. The National Bank …

Georgia's National Bank to start selling gold bars

Georgia's National Bank to start selling gold bars

Georgia's National Bank (NGB) said it would start issuing gold certificates and selling gold bars starting on December 4 in order to diversify the investment market and assets. The Royal Mint, the United Kingdom's official maker …

Georgian authorities decide on country's budget for 2024

Georgian authorities decide on country's budget for 2024

Georgian Prime Minister Irakli Garibashvili said the fiscally “balanced” state budget for 2024 involved “quite interesting” programmes and would affect the “largest part of our population” next year.  …

Georgia's trade turnover expected to hit new record levels

Georgia's trade turnover expected to hit new record levels

Georgian Deputy Economy Minister Vakhtang Tsintsadze said his office expected the volume of the country's export and trade turnover to hit “new record levels” in 2023, repeating the last year's results. According to …

Georgia decreases refinancing rate to 10.25%

Georgia decreases refinancing rate to 10.25%

Georgia's National Bank decreased the refinancing rate by 0.25 percentage points to 10.25% after monitoring developments in the domestic economy and financial markets. The bank said annual inflation had dropped to …