Georgian economy

National Bank of Georgia explains why it purchased $10 mln

The National Bank of Georgia (NBG) announced several weeks ago that they had purchased $1 million on the Foreign Exchange Auction, noting that the weighted average exchange rate was 2.7220 per dollar. This was the ninth foreign currency …

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Georgia’s economy grows almost 5% in Jan-Feb 2018

Georgia’s economy grew 4.9 percent in the first two months of 2018, show the latest data from the National Statistics Office of Georgia (Geostat), Agenda.ge reports. Last month the estimated real Gross Domestic …

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Results of 2017: Azerbaijan - leader of South Caucasus

In 2017, Azerbaijan reaffirmed its leadership in the South Caucasus region by once again gettion ahead of its Caucasian neighbors both by economic indicators, by scale of international projects and by prospects for further development. …

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Georgia and India deepen trade, culture, tourism ties

Georgia and India are deepening bilateral ties in a range of field, including tourism and aviation, by signing a Memorandum of Cooperation (MoC) to facilitate easier travel between India and Georgia. Today Georgia’s Economy …

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Georgia's economic growth slows down to 1.5%

Latest data by the National Statistics Office of Georgia showed in September 2016, Georgia’s estimated real Gross Domestic Product (GDP) growth rate reached 1.5% year-on-year. Meanwhile, the estimated real GDP growth reached 2.2% …

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Economic Freedom Report: Georgia ranks 5th in world

Georgia is now one of the top five most economically free countries in the world, according to a new report by the Fraser Institute. The annual Economic Freedom of the World report, released earlier this week by the public policy …

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Georgia's central bank delivers another 50bp rate cut

Georgia's central bank continued to ease monetary policy by cutting the key refinancing rate by 50 basis points (bp) to 7%, the National Bank of Georgia (NBG) said on June 15, IntelliNews reports. The regulator began …

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Georgia wins case to trademark its wine in China

Georgia is promoting and protecting the name and quality of its national alcoholic beverages from misuse and imitation in China, Agenda.ge reports. Georgia’s Ministry of Economy announced Georgian wine and other alcoholic …

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Kvirikashvili to attend Investment Forum in Dubai

The Georgian Prime Minister Giorgi Kvirikashvili will visit Dubai on Monday to take part in the Annual Investment Forum. It is reported that he will address the Global Leaders Plenary Session, during which he will …

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