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Daily Archives: November 19, 2018

January-October Foreign Trade Turnover Rose by 20.5%

Georgia’s foreign trade turnover in January-October 2018 (without undeclared trade) made up 10 305.9 million USD, up 20.5% as compared to the same period of 2017, including the exports totalled 2 751 million USD, up 24.5% and the imports amounted to 7 555 million USD, up 19.2%. Georgia’s negative trade …

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Travel Industry to Record 2.4 Billion International Trips by 2030

Market research company Euromonitor International released today new data on the future of the travel industry. New research shows the travel industry is set to record strong growth with international arrivals reaching 2.4 billion by 2030, corresponding to USD 2.6 trillion in incoming receipts.  China, France and the US will …

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Barambo Grows its Exports to China

Barambo signed a contract worth of $ 1 million to one of the largest Chinese companies. The agreement was signed at the international import expo in Shanghai . The company says the supply of the products which will be sold in one of the local chain will begin next year. “Active negotiations are underway …

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Medical Tourism Market in Georgia sees 30% Growth

19,500 foreigners arrived in Georgia for medical purposes in the first 9 months of 2018, which is 30% more than in the same period of 2017. According to the head of the Tourism Association Nata Kvachantiradze, people arrive in Georgia for postoperative recovery and not only. “Medical tourism is one …

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BP Georgia and USAID Zrda Activity to Support Communities Across Georgia

On December 18, 2017, USAID Zrda’s (Economic Growth program) Chief of Party, Brian King and BP Exploration (Caspian Sea) Limited, Georgia’s External Affairs Manager, Gia Gvaladze signed an agreement to improve cooperation in 41 villages where BP Georgia and USAID Zrda activities currently overlap. It ensures joint projects respond to the needs of …

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Government to Write off about 1.5 billion GEL Debts of Georgian Citizens

On November 19 Prime Minister of Georgia Mamuka Bakhtadze held a news conference and announced government plans for writing off debts of about 600 000 citizens of Georgia that they owe to finance institutions. Bakhtadze made the statement before the government meeting,. “We have conducted long and hard negotiations with …

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