Georgia to attract 9 billion euros in investments within a few years
The Georgian authorities have set an ambitious goal for attracting investments. By 2028, they aim to reach the 9 billion euro mark.
Georgian economy
Foreign investment in Georgia drops 30%
Foreign direct investment in Georgia's economy fell 29.9% in 2024 to $1.33 billion, national statistics office Geostat reported. Equity investments fell 60% to $483.7 million, reinvestment fell 26.4% to $1.17 billion and debt …
Georgia's National Bank resumes currency purchases
The National Bank of Georgia resumed purchasing foreign currency on the domestic market in March after a decline in reserves over the previous two months, head of the NBG Natia Turnava said. "March marks the beginning …
Georgia's external trade up by 40% in January
Georgia's external trade turnover amounted to $2 billion in January, posting a 39.3% year-on-year increase, the Georgian National Statistics office …
Natia Turnava appointed as Georgia's National Bank Governor
President of Georgia Mikheil Kavelashvili appointed Natia Turnava as the new Governor of the National Bank after the Bank’s Council nominated the former Acting Governor for the position. Turnava becomes the first woman to …
Georgian authorities predict 10% economic growth in 2025
Georgian Prime Minister Irakli Kobakhidze said it was “absolutely realistic” for this year’s domestic economic growth rate to exceed 10%. The PM highlighted the 9% growth recorded in the past year, which he said was a …
Georgia and Azerbaijan to agree on economic cooperation
Georgian Prime Minister Irakli Kobakhidze will pay visit to Azerbaijan on Friday, the country’s governmental press service reported. The PM will co-chair a session of the Georgia-Azerbaijan Intergovernmental Commission on …
Georgia sets record high for purchase of trucks
Georgia has seen a significant increase in truck imports. Over the eleven months of last year, the import of trucks reached a record high, exceeding 16,000 units.
Georgian PM and businesses discuss current developments
Georgian Prime Minister Irakli Kobakhidze discussed ongoing developments in the country in a meeting involving more than 100 domestic business representatives. The parties also discussed the Government's vision regarding the ongoing …
Growth forecasts for Caucasus and Central Asia states revised up
The Asian Development Bank (ADB) has revised up the growth projection for the Caucasus and Central Asia to 4.9% from 4.7% for 2024 and to …
Foreign investments in Georgia declining
Foreign direct investments in Georgia reached $197.7 million in the third quarter of 2024, a decrease of 55.2% compared to the adjusted figures from the same period in 2023, Georgia's National Statistics Office ( …
Annual inflation surges in Georgia
Annual inflation in Georgia accelerated to 1.3% in November from 0.3% in October, the national statistics agency Sakstat reported. Consumer prices …
Georgia's First Deputy PM comments on Green Corridor project progress
Georgian Economy Minister Levan Davitashvili highlighted the importance of the Green Energy Corridor project for energy independence. In his comments at the COP29 in Baku, Davitashvili said the Green Energy Corridor project also …
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 …
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 …
