According to National Statistics Office of Georgia (Geostat) the GDP of Georgia has increased by 4.0% in June 2018, and in first two quarters of 2018 the total increase has been 6.0%, also in first 6 months of 2018 the average actual increase has been 5.7% In first two...
Affiliate of Azerbaijani company Socar, Socar Energy Group will increase its investment in Georgia by 7 million Laris in 2018. The company has just approved the investing plan According to Azerbaijani newspaper Trend the CEO of the company Mahir Mamedov has stated that the reconstructions are going according to...
Francios Painchaud, Resident Representative of the International Monetary Fund (IMF) and Georgia’s Minister of Economy and Sustainable Development, Giorgi Kobulia held a meeting in Tbilisi, Georgia During the meeting Kobulia and Painchaud discussed current economic trends and scheduled reforms in Georgia, as well as IMF’s Extended Financing Facility (EFF)....
National budget has seen increased income from national bank’s income. In first 6 months of 2018 national bank of Georgia has contributed 70 million Laris to national budget. According to gbc.ge the same period of 2017 National bank has had contributed 65 million Laris. In 2017 national banks have...
Import of tropical food is increased in Georgia, according to Geostat, in 2017 almost 21 million US dollars’ worth of tropical food has been imported in Georgia, which is 4 million USD more than 2016. The majority of fruit imported was banana, specifically in 2016 23398.7 tons of bananas...
The majority of employed population of Georgia 286 859 people have salary of 500 Lari or less. These people represent total of 34.7% of employed population. 239 210 people (28.9% of employed population) have salary of 500 to 1000 Lari; 127 708 people (15.5% of employed population) have salary...
In 2017 Georgia has imported $101.9 million work of cigarettes. The number is slightly up from 2016 ($101.6 million). 2017 also saw growth in imports of cigars and cigarillos. Cigar imports increased 39% from 2016, a value of $651,000. As reported by Caucasus Business Week, the Young Financiers and...
The partnership funds delegation, under the guidance of David Saganelidze, Executive Director of the Fund, was invited by the Chairman of the Technology Market Development Association of the Republic of China Reforms and Development Committee. The meeting was held in Shenzhen, Guangzhou. The Association incorporates big business companies of...
On July 16-17, an inter-agency working group met in Kakheti will discuss ways to enhance automated processing and analysis of passenger data provided by airlines in Georgia. Representatives of the Revenues Service, the State Security Agency of Georgia and its Operational Technical Agency, and departments of the country’s Ministry...
Georgian hotels in Tbilisi have fifth place in terms of service quality on Bookings.com according to MB.ge Shalva Alaverdashvili, Head of Restaurants Association, told BM.ge that Tbilisi ranks number 5, while Georgia ranks 18th place in terms of service level among European cities on Booking.com ratings. He also said...