Tag Archives: economy

Experts Forecast GEL to Fall to 2.90 point against USD. According to National Bank of Georgia (NBG), today, the GEL exchange rate against USD is 2.56, while at commercial banks the exchange rate stands at 2.62-2.66 point. On August 13 in the Bloomberg trading systole the GEL exchange rate against …

In July 2018 Georgia’s state debt declined by 67 million GEL. Georgia’s USD-denominated external state debt decreased by 17 million USD. In July, as result of GEL exchange rate appreciation, GEL-denominated external debt decreased by 64 million GEL, while in June the debts declined by 3 million GEL. As of …

The month of June saw a slight slowdown in economic growth pace, compared to May. Namely, in May GDP grew by 7.5% and this is a record figure for Georgia over the past years. According to preliminary report by Geostat, national statistics service of Georgia, in June 2018 real GDP …

According to preliminary estimations by Geostat, national statistics service of Georgia, in May 2018 Georgian economy grew by 7.5% and this is one of the highest figures under the ruling of Georgian Dream. According to Geostat, in January-May the economic growth constituted 6.1%, up 1.6% compared to the government’s forecast …

In January-May 2018 the tourism sector inflows made up 1.036 billion USD, including 246 million USD in May, up 19.9% compared to the same period of 2017. We remind you that in May Georgia hosted 633 086 international visitors, up 7.8% year on year, including 359 744 tourists were recorded …

Georgia’s economy grew 5.5 percent year-on-year in the first four months of 2018, preliminary official data showed on Wednesday, up from 4.2 percent in the same period last year. The fastest growth occurred in the processing industry, construction, trade and services sectors, the data showed. In April alone, gross domestic …

In March, 578,514 international travelers visited Georgia, which is 67,472 more than the same period last year (a growth of +13.2%). The number of foreign visitors or travelers who traveled 24 or more hours in March equaled 292,017, which is 72,403 more than in March 2017 (a 33% increase). In …

In January, Georgia received $ 159.3 million in revenue from tourism. In January-February the number of tourists increased by 25% and the number of visitors increased by 17.2%. In February, the highest number (103,981) of visitors arrived in Azerbaijan. Armenia is in second place with 102,707 visitors, while Turkey has …

The first month of 2018 has brought positive tendencies for Georgia economy. After the 2015-2016 slowdown, the year of 2017 started with growing indicators and these positive trends were especially enhanced in January 2018. In the reporting month Georgia’s foreign trade turnover constituted 816.6 million USD (excluding undeclared trading), up …

Tourism Administration Plans for 2018 – 8 million Tourists and 3 billion USD Revenues. In January 2018 number of international visitors rose by 14.8%, while number of tourists increased by 23%. According to January indicators, 444 421 international visitors arrived in Georgia, while number of tourists, who have stayed in …

Georgia and EU will sign a new agreement on allocation of new budget support tranches in 2018, Minister of Economy and Sustainable Development of Georgia Dimitri Kumsishvili noted. Namely, 47 million EUR will be allocated for business and economic development promotion, while 50 million EUR will be directed for vocational …

Unemployment is the sharpest problem in Georgia. This is confirmed by various public polls done by local and international organizations. However, public discussions and media coverage do not fully reflect deepness of this problem. There is a lack of discussion  in Georgian society regarding the problem of unemployment due to …