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Economy

Tbilisi Economic Development in Figures

Georgia is getting ready for local self-government elections. Like the regions of Georgia, pre-election process  continues in the capital city too. Since Tbilisi occupies a leading position in the state economy, it is of crucial importance who will be elected as Tbilisi Mayor. Taking into account key problems in the …

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Genady Arveladze: Demand on Exported Products from Georgia has Increased

Genady Arveladze: Demand on Exported Products from Georgia has Increased

Exports from Georgia keeps growing trend. Products of 1.940 billion USD were exported on the foreign markets in nine months, 28.3% more than last year. According to Genadi Arveladze, the Deputy Minister of Economics, export of following products from the largest export groups have significantly increased: Ferro-alloys (97%), copper ores …

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Dimitri Kumsishvili and Koba Gvenetadze met with Managing Director of the IMF

Dimitri Kumsishvili and Koba Gvenetadze met with Managing Director of the IMF

The First Deputy Prime Minister of Georgia and Koba Gvenetadze, President of the National Bank of Georgia have discussed current cooperation program and its progress with Tao Zhang, Deputy Managing Director of the International Monetary Fund. The meeting was also attended by Mercedes-Vera Martin, head of International Monetary Fund’s mission. According to the Ministry of Finance, …

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Export From Georgia has Increased by 28.3% This Year

According to National Statistics Office of Georgia,External Merchandise Trade (excluding non-declaredtrade) of Georgia amounted to USD 7567.5 million in January-September 2017 (preliminary data), grew by 12.1 percent from the same period of the previous year. The value of export increased by 28.3 percent reaching USD 1940.3 million, while the import …

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Georgia and Great Britain Start Working on Saving Free Trade Regime

Genadi Arveladze, Deputy Minister of Economy of Georgia, has met with Sara Kroft, chief negotiator of Great Britain with Eastern Europe and Central Asia. After the Brexit, Great Britain has faced necessity that EU-signed international agreements be moved to bilateral format, especially, special regard is paid to saving the trade …

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Baku-Tbilisi-Kars Railway To Come Online

The Baku-Tbilisi-Kars (BTK) railway will come online this month, according to an announcement made by Turkey’s Minister of Transport, Maritime and Communications on October 7. “We will complete the project at the end of this month and start commercial service. Authorities from all three countries are working together,” Ahmet Arslan …

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New Milk Processing Enterprise Launched in Gardabani

The new milk processing factory – “Teleti cheese house” Ltd, which was created within the framework of “Agrobusiness”, was opened by Deputy Minister of Agriculture Giorgi Chkheidze with Kvemo Kartli governor Grigol Nemsadze and director of Agriculture Projects Management Agency, Mamuka Kvaratskhelia. The enterprise is financed in the framework of …

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Anaklia City to Cooperate with the Largest Free Economic Zone

Anaklia City begins to cooperate with Incheon Free Economic Zone. The South Korean Incheon Free Economic Zone is one of the largest and most advanced in the world. Incheon zones developed on 3,000 since 2003, and it is planned to complete all its phases in 2020.Leading multinational companies in the …

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PM: Georgia’s Real Economic Growth will Be Higher than Planned

Georgia is recording the best economic growth indicators and best quality of fiscal management in the Region, Georgian Prime Minister Giorgi Kvirikashvili noted regarding a completion of the first review of International Monetary Fund’s (IMF) mission and stressed positive results of this mission. The Prime Minister noted that Georgia’s fiscal …

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