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Economy

Georgia’s GDP up 4.8% in 2014

According to preliminary data, Georgia’s GDP at current prices amounted to GEL 29.2 billion in 2014 that is 8.7% more than in 2014. Real GDP growth in 2014 amounted to 4.8% compared with last year’s data. It should be noted that according to the Georgian Statistics Office, economic growth in …

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In January-February, Exports Decreased by 26%

In January-February2015, Georgia’s foreign trade turnover (excluding non-organized trade) amounted to  $ 1 433 million, which is 9 percent less than in the previous year; from here exports totaled $ 324 million (26 percent decline)  and imports-  $ 1 109 million (2 percent decline). According to data provided by the …

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National Communications Commission – the Wealthiest State Body

The Georgian National Communications Commission (GNCC) is the wealthiest state body in Georgia, the Young Barristers nonprofit organization asserts that has published a report on monitoring of the GNCC activities. According to the report, GNCC is Georgia’s wealthiest state body that is not financed from the state budget, but it …

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Georgia’s Finance Minister positively reviews February’s budget

Georgia’s Finance Minister Nodar Khaduri says February was a “very promising month” in terms of the country’s budget development. Khaduri announced the turnover of VAT (value-added tax) payer enterprises had increased by 15.5 percent in February, and reached 3.9 million GEL. “Since the beginning of 2015, budget payments reached 1.354 …

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New support centre for disabled people planned for Tbilisi

A new centre is being built in Tbilisi to help and support people with disabilities become more engaged in social activities. A decision was made today by the Government of Georgia to establish a new Integration Centre in the country’s capital as a way to offer more support to the …

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Europe will Get Natural Gas via Georgia

Turkish President Recep Tayyip Erdoğan and Azerbaijani counterpart Ilham Aliyev attend the ceremony marking the start of work on the $10 billion pipeline in Turkey’s Kars region, part of a drive aimed at reducing dependence on Russian gas. The 1,850- kilometer Trans-Anatolian Natural Gas Pipeline (TANAP) pipeline, which is due …

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Kakha Kaladze was nominated for Young Global Leader

Kakha Kaladze to be among Young Global Leaders,next to Xiaomi vice-president and other great leaders whose age is under 40. Current and former YGLs head governments and Fortune 500 companies, win Nobel Prizes and Academy Awards, become UN Goodwill Ambassadors and Social Entrepreneurs. They bridge cultures and have the skills to …

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Kazakhstan, Azerbaijan, Georgia and Turkey to set up joint transport company

Kazakhstan, Azerbaijan, Georgia and Turkey intend to set up a joint transport company for rail transport as part of TRACECA program, Ambassador of Kazakhstan to Azerbaijan Amangeldy Zhumabayev told reporters March 16. “The countries are currently preparing an agreement on transit transportation,” he said. “It will introduce a single tariff …

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