Tag Archives: economy

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 …

Infrastructure, Education and Healthcare as Priorities of the 2018 State Budget. Total revenues of the 2018 state budget are planned at 12.4 billion GEL, including: tax revenues – 9.490 billion GEL (23.5% of GDP); the remaining part of revenues will be mobilized from other resources. This signifies 23 Tetri from …

There are 47 719 agriculture land plots on the balance of Ministry of Economy. Total space of these land plots constitutes 3 791 424 603 square meters, including the major part (16 389) is located in Kvemo Kartli, while the smallest part is registered in Racha-Lechkhumi and Kvemo Svaneti Region. …

After 2-year low economic growth, in 2017 Georgia’s GDP growth pace exceeded the planned indicator. It should be noted that in 2015-2016, along with currency crisis, economic growth in our country was under 3%. To be precise, GDP upturn in 2015 marked 2.9%, while the figure hit 2.8% in 2016. …

In January-October 2017 external merchandise trade (excluding non-declared trade) in Georgia amounted to USD 8566.1 million, 12.7 percent higher year-on-year. The exports equaled USD 2203.1 million (29.4 percent higher), while the imports stood at USD 6363.0 million (7.8 percent higher). The negative trade balance was USD 4160.0 million in January-October …