Georgian economy

Energy exchange founded in Georgia

The Georgian Energy Exchange has been established with the instruction and coordination of the Economy Ministry with equal co-participation of Georgian Electrosystem and Electricity System Commercial Operator (ESCO). The electricity …

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Georgia to get $41.6 million under IMF programme

Georgia will get about $41.6 million from the International Monetary Fund (IMF) under the fifth review of the Extended Fund Facility (EFF) programme after it will be finalised by IMF Management and Executive Board in December 2019. …

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S&P upgrades Georgia to 'BB'

Standard & Poor's (S&P) Global Ratings has raised its long-term foreign and local currency sovereign credit ratings on the Government of Georgia to 'BB' from ‘BB-’. It also affirmed the short-term ratings at …

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Georgian economy to grows 5% in 2020 - government

The Georgian government set a forecast for economic growth of 5% according to the draft state budget for 2020, the website of the Georgian government reported. Next year, according to the forecasts of the Georgian government, the …

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Foreign investments in Georgia decline by 6.3%

Georgia attracted $281.1 million in foreign direct investments in the first quarter of 2019, which is a 6.3% decrease compared to the same period of 2018, according to the latest preliminary data of the National Statistics Office of …

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Georgia exports 12 mln bottles of wine in two months

Georgia exported about 12.2 million bottles of wine to 32 countries in January-February 2019, which is a 13% increase compared to the same period of 2018, according to the Georgian National Wine Agency. Last month Georgia generated …

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Georgia’s economy grows 3.5% in 2019

Georgia’s economy is growing steadily, according to the latest data from the National Statistics Office of Georgia (Geostat). The estimated real gross domestic product (GDP) growth rate in January 2019 equaled 3.5% …

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IMF forecasts 4.6% economic growth in Georgia

The International Monetary Fund said that Georgia's economic growth is projected to reach 4.6% in 2019. An IMF team led by Mercedes Vera-Martin visited Tbilisi on February 20-26 to discuss recent economic and …

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Georgian citizens' debts to be annulled

The bank debt of over 600,000 Georgian citizens, including those on a so-called ‘black list’ will be written-off, Georgian Prime Minister Mamuka Bakhtadze said. "Almost 95% of debts of the …

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Georgian exports increase by 24.5%

Georgia's external merchandise trade (excluding non-declared trade) amounted to $10 305.9 million in January-October 2018, 20.5% higher year-on-year, according to Sakstat. The value of export increased by 24.5% reaching $2 751 …

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Georgia's economy grows 4%

Georgia's economy grew 4% year-on-year in the third quarter of 2018 and 4.9% in the 9 months of 2018, the National Statistics Office of Georgia (Geostat) reported. The estimated real gross domestic product (GDP) growth rate in …

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IMF completes third review in Georgia

The International Monetary Fund has completed the third review on the Extended Fund Facility approved last year under which Georgia is receiving $285.3 million over a period of 3 years.  Georgia's Prime …

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Georgia to receive €45 million assistance package from EU

The European Commission has signed a memorandum of understanding with Georgia for macro-financial assistance (MFA) of up to €45 million to help Georgia cover part of its external financing needs and support economic reforms, the European …

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IMF praises economic activities of Georgia

An International Monetary Fund (IMF) team, led by Mercedes Vera-Martin, has concluded its visit to Georgia, which was held during August 21-27 to discuss recent economic and financial developments and progress with structural …

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What will Georgia face under PM Bakhtadze?

Candidate for Georgia's Prime Minister Mamuka Bakhtadze has presented the governmental program ‘Freedom, fast development, prosperity.’ In his speech Bakhtadze talked about how his new government sees …

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