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Monthly Archives: June 2016

Geostat Publishes Rapid Estimates of Georgian Economic Growth

Geostat Publishes Rapid Estimates of Georgian Economic Growth

The estimated real GDP average growth equaled 2.9 percent for the first five months of 2016 y-o-y. Geostat produces monthly rapid estimations of real GDP growth using administrative data on VAT taxpayers’ turnover, fiscal and monetary statistics. The compilation of rapid estimates is an internationally adopted practice to obtain preliminary monthly …

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Georgian Peach Exports Extremely Grow

Georgia has exported 492 tons of peach from June 1, 2016 to June 28, 2016, up from 52 tons as compared to the same period of 2015. Peach picking season is in active phase and the Kakheti Region is expected to reap more than 30 000 tons this year, the …

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Condolences to Turkish people

Condolences to Turkish people

We have to put even greater efforts in terms of cooperation with our strategic partners and not only to ensure promotion of security; We have to do our best to provide maximum control, – Prime Minister Giorgi Kvirikashvili noted before the Cabinet Session. He extended his condolences over the Istanbul …

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Kumsishvili: We Do Not Manipulate with Expectations of Currency

Kumsishvili: We Do Not Manipulate with Expectations of Currency

GEL rate remains a hot topic. Minister of Economy has recalled sharp devaluation of national currency (11%) through the last two weeks afresh and noted, that to make a comment on the daily change of the rate is incorrect. He called for private individuals and legal entities to conduct the procedures …

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Georgia Grows into Important Transit Point and Energy Corridor

Georgia has become an important transit point and energy corridor, Georgian Prime Minister Giorgi Kvirikashvili said at the Georgia-Switzerland business forum. “Pipelines transporting Caspian oil and gas to Turkey and Europe cross the territory of Georgia. We have the same situation in relation to new railroad and motorway networks – …

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Take a First Look at New Double-Decker Trains

Brand new, modern double-decker trains made in Switzerland have been introduced to the Georgian railway network which will serve passengers travelling between capital Tbilisi to the country’s Black Sea resorts this summer. An official page of Georgian Railways published first pictures of these latest trains which will be available soon.

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PM: Georgia Grows into Important Transit Point and Energy Corridor

PM: Georgia Grows into Important Transit Point and Energy Corridor

Georgia has become an important transit point and energy corridor, Georgian Prime Minister Giorgi Kvirikashvili said at the Georgia-Switzerland business forum. “Pipelines transporting Caspian oil and gas to Turkey and Europe cross the territory of Georgia. We have the same situation in relation to new railroad and motorway networks – …

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Tourist flow from Russia to Turkey may be Restored this Summer

Tourist flow from Russia to Turkey may be Restored this Summer

Tourist flow from Russia to Turkey may be restored this summer, member of Russian Federation Council’s International Affairs Committee Igor Morozov said, RIA Novosti reported. “It is possible to get permission for organized tourist trips within 10-14 days,” Morozov said. “Turkey will be already able to receive tourists from Russia …

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