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Georgian Exports to EU Countries Grow by 41%

Georgian Exports to EU Countries Grow by 41%

Demand for Georgian products grows on EU market.  According to Geostat, national statistics service of Georgia, in January-May 2017 the country exported 260 million USD products to EU market, up 40.7% year on year. In the reporting period, imports totaled 830.4 million USD, up 9.1% year on year. Georgia’s total …

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EU Market Opens for Georgian Anchovy From June 20

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Anchovy caught in Georgian Waters of the Black Sea basin will be the third products of animal origin admitted to the EU market. The EU human health and right protection directorate will officially publish the decision on June 20. Georgian companies have been getting ready for this decision for two …

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Asian Development Bank to Finance Dzirula-Chumateleti Highway Reconstruction

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Asian Development Bank (ADB) will finance the rehabilitation of about 50 kilometer section of Dzirula-Kharagauli-Moliti-Chumateleti highway . The corresponding agreement was signed by Dimitri Kumsishvili, Minister of Finance of Georgia and ADB director general Sean O’Sullivan. The agreement calls for allocating 80 million USD financial resource. After the signing ceremony, …

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Copper Ores Rank First in Georgia’s Exports Items

Copper Ores Rank First in Georgia's Exports Items

Exports markets have recorded a growing demand for Georgian products. According to Geostat, national statistics service of Georgia, in January-May 2017 exports rose by 28.7% and totaled 1.003 billion USD. Copper ores and concentrates lead in Georgia’s top ten exports items with 170.1 million USD exports (17% in Georgia’s total …

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Georgia’s Top 10 Exports Items

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Exports markets have recorded a growing demand for Georgian products. According to Geostat, national statistics service of Georgia, in January-May 2017 exports rose by 28.7% and totaled 1.003 billion USD. Copper ores and concentrates lead in Georgia’s top ten exports items with 170.1 million USD exports (17% in Georgia’s total …

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Liberty Act Restricting Freedom

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Discussions of the constitutional bill is sharpening. Special regard is paid to the issue of sales of land to foreign citizens and article 94 (Liberty Act) that calls for conducting a referendum for introducing a new tax (excluding excise tax) or raising the existing rate, excluding the cases under the …

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TELASI Records Major Rise in Profits over Past 5 Years

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Over the past 5 years JSC TELASI recorded a major rise in profits. In 2016 the company’s net profits marked 38.8 million GEL. In 2015 the figure totaled 6.5 million GEL, in 2014 – 27 million GEL, in 2013 – the company losses made up 37.8 million GEL, while in …

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