Georgian economy

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Is Georgia's economy on the rise?

The National Bank of Georgia increased its forecast for GDP growth in the country in 2016 from 3% to 3.5%, the President of the National Bank, Koba Gvenetadze, said at today's briefing. "The difficulties in …

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 World Bank raises Georgia in global income ranking

Georgian Prime Minister Giorgi Kvirikashvili said the fact that the World Bank has raised Georgia’s position in a global income ranking to reflect the increase in the average income of Georgian citizens is an important …

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Deadlock of the Georgian Military Road: view from Georgia

The issue of the Georgian Military Road, which is constantly closed due to the impact of elements, is quite acute for the Georgian government today, but the improving of the road infrastructure, as well as searching of detours is too expensive …

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Georgia bids farewell to national navy

Georgian Defense Minister Tina Khidasheli announced Georgia's inability to restore the navy of the country in the foreseeable future due to the lack of money for the purpose.  According to Khidasheli, …

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Azerbaijan becomes leader for investments in Georgia

According to the results of 2015, Azerbaijan ranked first in terms of volume of direct investments in Georgia. In total, $1.351 billion were invested in Georgia's economy in 2015 and Azerbaijan has invested $542 million, abc.az …

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Georgian MPs amend state budget for current year

Today at a plenary session the Georgian parliament made amendments to the law "On the State Budget of Georgia for 2015", which provide for an increase in the plan on tax revenues amounting to 120 million laris ($50 million). …

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Garibashvili: lari is over the worst

The Prime Minister of Georgia, Irakli Garibashvili, has spoken about the completion of the depreciation of the lari and its transition to stabilization. "The lari exchange rate has reached its peak, at this stage we ...

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Garibashvili: our main goal is to create many jobs

Currently, the main task of the Georgian Government is to create as many jobs in the country as possible, Georgian Prime Minister Irakli Garibashvili said. "Our main task is to increase Georgia's economy to …

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Georgia's GDP grows 2.6% in first half of year

Georgia's economy grew by 3.1% in June in comparison with the same period last year, the National Statistics Service of Georgia said. Total economic growth in the first half of 2015 was 2.6% in comparison with ...

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Ivanishvili introduces a new analytical program on TV

Georgia’s former prime minister, Bidzina Ivanishvili, has launched an analytical TV show called '20/30', on his family-owned GDS TV channel.According to him, it is necessary "to provide qualified analysis of developments in Georgia."

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Georgian Minister for Agriculture Otar Danelia said that devaluation of the Russian ruble will not have a negative impact on Georgian exports. He noted that export indicators of 2013 had been calculated, so subsidies had been spent on citrus fruit processing, Trend reports.Georgian exporters have recently been complaining about loss of profit and sales of Georgian wine in Russia because of the weakening Russian currency.

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Bendukidze’s body to be examined in London

 The body of Kakha Bendukidze, an ex-minister for economy of Georgia, an advisor of the Ukrainian president, will be examined in London, said Georgian ex-Deputy Minister for Economy Vakhtang Lezhava, TASS reports.Bendukidze died in London on November 13. He will be buried in Tbilisi. The day of the funeral has not been named. 

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