Economies are ranked on their ease of doing business, from 1–190. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm. The rankings are determined by sorting the aggregate scores on 10 topics, each consisting of several indicators,...
Italian company Azimut Yachts enter Georgia, deputy head of Azimut-Benneti, Stefano Crescenzi spoke on inauguration of the new branch company. Azimut-Benneti is a leading in the luxury yachts and mega yachts sector “A perfect synthesis of Italian living: tradition and innovation, style and technology, craftsmanship and entrepreneurship, another great...
Compared to the same time last year Georgian Airports have seen 28% increase of visitors. In June-July number of passengers 2.719.920 in 2017 the same time Airports received 2.130.469 passangers. During the first seven months of 2018, Tbilisi International Airport served 2.104.161 passengers, 27% more compared to the number of...
According to “Best European Countries for Business 2018” the rating list of European Chamber, Georgia took 18th place out of 46. European Chamber rates countries depending on their business environment The rating scores depend on World Bank business making index and transparent corruption index rating. Number one in rating...
The rate of economic increase in June 2018 was 4%. According to Geostat the rate of increase in second quarter of 2018 was 6%, and in January-June it was 5.7%. in 2018 notable increase was in transportation, restaurants, financial and trading areas. In June International monetary fund predicted 4.8%...
According to the National Bank of Georgia (NBG), $214 million was transferred from Russia to Georgia in the first six months of the year, while from EU countries, the amount of money transfered reached $255 million. The most amount of money transfered to Georgia in January-July 2018, came from...
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...