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Economy

Georgia will Receive IMF’s Second Tranche of 42.3mln USD by the End of 2017

Georgia has attained higher-than-expected economic growth thanks to reasonable policy and rapid upturn in trading partners, International Monetary Fund’s (IMF) report reads. IMF mission in Georgia has finished its two-week visit in Georgia. As a result, the Fund has positively appraised the first review of the ongoing Extended Fund Facility …

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New Electric Locomotives to Shorten Travel Time Between Baku, Tbilisi

New Electric Locomotives to Shorten Travel Time Between Baku, Tbilisi (PHOTO)

France’s Alstom rail transport company has introduced its first passenger locomotive Prima M4 for the Azerbaijan Railways CJSC in Belfort, France, Trend’s correspondent reported from the event. Ten passenger locomotives Prima M4 (AZ4A) are manufactured at a plant in Belfort within the contract for delivery of locomotives signed with the …

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Georgia Fulfills All Criteria of IMF Program

Georgia has fulfilled all criteria determined by IMF program, most part of them in excess, IMF mission head Mercedes Vera Martin noted at the briefing dedicated to completion of the first review of IMF program. “Georgia’s economic program has started in impressive way. Reasonable policy and high economic growth of …

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The IMF Increased Economic Growth Forecast to Georgia

The IMF Increased Economic Growth Forecast to Georgia

The International Monetary Fund (IMF) sees a positive dynamic in Georgian economy. The Fund increased economic growth forecast of Georgia from 3.5% to 4.5%. Growth is in the predictions of 2018, from 4% to 4.2%, – Mercedes Vera-Martin, head of the International Monetary Fund (IMF) mission declared at the briefing held …

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GUAM to Set up Free Trade Zone

‘The current year is a special one. We ave conducted various events as part of GUAM, including the Prime Ministers’ meeting in Kyiv. The government heads have given a new impulse for further activation of trade-economic cooperation within GUAM”, Georgian Foreign Minister Mikheil Janelidze told reporters at a news conference …

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Georgia, Kazakhstan Plan to Enter EU, Chinese Markets Together

Georgia and Kazakhstan intend to combine their efforts to enter of European Union and China, Georgian Economy and Sustainable Development Minister Giorgi Gakharia said, kyivpost reported. “We discussed how our free regimes could help each other improve the quality of our cooperation to enter such third markets as the European Union …

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Potato Export Increased 7 Times Exceeding 35 Thousand Tons

Potato exports have increased 7 times – the Ministry of Agriculture disseminates information. According to the ministry, the potato exported this year exceeded 35 thousand tons, which is 7 times higher than the same period last year. The demand for high quality products is also high on the domestic market. …

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Professions with Highest Salaries

Georgian Lari

An averaged monthly salary in Georgia constituted 940 GEL in 2016. According to Geostat, national statistics service of Georgia, averaged monthly salary due to the professions was as follows: Agriculture, hunting and forestry – 575 GEL Fishing – 654 GEL Mining industry – 1143 GEL Processing industry – 775 GEL …

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