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 economy
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 …
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 …
Asian Development Bank allocates money to support women in Georgia
The Asian Development Bank (ADB) and Credo Bank have signed a loan of 65 million lari ($25 million) to support onlending activities to …
Georgia-Romania electricity cable project to be discussed in Brussels
Georgian Minister of Economy and Sustainable Development Levan Davitashvili said the Black Sea submarine electricity cable project will be discussed during the …
Bank of Georgia plans acquisition of leading Armenian bank
Bank of Georgia confirmed it is in advanced talks with Ameriabank about a potential acquisition of the Armenian bank. According to the …
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
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 …
