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Natia Turnava Appointed As Deputy Minister of Economy

Natia Turnava

Natia Turnava has been appointed as deputy Minister of Economy and Sustainable Development of Georgia. Since 2013 Natia Turunava has been working as Deputy Executive Director of “Partnership Fund”. Prior to that, she had been in office for 20 years in private and public sectors; Turnava was also the member of the …

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Georgia Reaches Historic Maximum in the Number of Inbound Tourists

“Historic maximum has been reached in the number of inbound tourists last month,” Mamuka Bakhtadze, Prime Minister of Georgia stated. As noted by the Head of the Government of Georgia, statistical data of the past month once again evidences that Government pursues the right and effective strategy indeed. “I wish …

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Georgian Currency Seeking Point of Balance

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 …

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State Debt Declines by 67 million GEL

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 …

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Georgian Economy Saw 7.5% Growth in May

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 …

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Tourism Sector Revenues Exceeded 1 billion USD

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 …

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Georgia’s Economy Gathers Pace, Grows 5.5%

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 …

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Number of Tourists Increased by 33% in March

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 …

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Georgia Received $159.3 Million Revenue From Tourism in January

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 …

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