Tag Archives: economy

Moody’s Investors Service has upgraded the Government of Georgia’s local and foreign currency issuer ratings to Ba2 from Ba3. The outlook remains at stable. The rating upgrade and stable outlook are supported by Moody’s view that the Georgian economy’s resilience in the wake of the regional economic shock which began …

Starting August 21, GEL exchange rate has been declining. 1 USD was equal to 2.38 GEL and 1 EUR was equal to 2.80 GEL on August 21 . As of September 6, the exchange rates have dropped to 2.49 GEL and 2.96 EUR respectively. National Bank has not carried out …

According to preliminary estimations, in July 2017, as compared to the same period of 2016, real GDP growth pace made up 3.8%, while in January-July 2017 the averaged real growth constituted 4.4%. It should be noted that this year the Government expects economic growth to mark 4%. «Starting January 2012 …

Georgia’s economy expanded 4.4 percent year on year in the first seven months of 2017, data showed on Wednesday, up from 2.7 percent in the same period of 2016 as exports and remittances from abroad rose. Georgia, through which pipelines carry Caspian oil and gas to Europe, is recovering from …

According to preliminary estimations by Geostat, national statistics service of Georgia, in July 2017, as compared to July 2016, Georgian economy grew by 3.8%, while the growth made up 2.9% in July 2016. In January-July 2017 economic growth constituted 4.4%. Government of Georgia forecasts 4% economic upturn in 2017.

Georgian Products Renaissance has started exports of nuts products to international markets, Ministry of Economy reports. “Backed by Produce in Georgia agency, Georgian Products Renaissance company has started sales of nuts on international markets. The nuts processing company produces a wide range of products and consequently, exports several varieties of …

Real GDP grew 4.6% y/y in June 2017 Georgia’s economy expanded 4.6% y/y in June 2017, after growing 5.3% y/y in previous month, according to GeoStat’s rapid estimates. Overall, in 1H17 GDP growth was 4.5% y/y. Monthly rapid estimates are based on VAT turnover, fiscal and monetary statistics. Tourist arrivals …

Georgia’s economy expanded 4.5 percent in the first five months of this year, official data showed on Tuesday, up from 2.9 percent in the same period in 2016, after a rise in exports and remittances from abroad. In May alone, growth was 5.3 percent, up from 2.1 percent in May …

Discussions of the constitutional bill is sharpening. Special regard is paid to the issue of sales of land to foreign citizens and article 94 (Liberty Act) that calls for conducting a referendum for introducing a new tax (excluding excise tax) or raising the existing rate, excluding the cases under the …

For any country, one of the most important goals is to increase economy which means to produce more and more high-quality products and services. To say in other words it means higher level of living. Naturally, economic increase is achieved by effective use of the existing resources. Georgia is a …