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Tag Archives: economy

Silk Road Forum Opens in Tbilisi

Government delegations from 32 countries gathered in Tbilisi to attend first Silk Road Forum in Georgia’s capital Tbilisi. The idea of reviving the Silk Road has come into being as a result of the ongoing globalization in the world. The implementation of the Silk Road is among the most large-scale …

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PM: Azerbaijan is a Strategic Partner of Georgia

Garibashvili-strategic-partner-baku

Azerbaijan is a strategic partner of Georgia and this policy remains unchanged, Georgian Prime Minister Irakli Garibashvili has told journalists, while visiting Baku. The Prime Minister described as “nonsense” statements by some political rivals alleging that Georgia will review its energy trade with Azerbaijan with the prospect of purchasing natural …

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Who will Attend Silk Road Forum 2015?

The Georgian capital of Tbilisi will host Silk Road Forum on October 15-16. The aim of the forum is to explore new visions of enhancing partnership in four main areas of cooperation: transport, energy, trade and people-to-people contacts. It will bring together more than 700 delegates from 30 countries and …

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Georgia Sees Modest Economic Growth

economy

Economic indicators show a growth of 2.3 percent in the Georgian economy in August of 2015 compared to August of last year. From January to August 2015, the economy grew by 2.8 percent. The central government’s budget, however, dropped significantly in August from the previous month’s totals. In August 2015, …

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The Gross External Debt Increased by $437.4 mln

DEBT

The gross external debt of Georgia amounted to 14.1 billion USD (31.8 billion GEL) as of 30 June 2015, that accounts to 90.9 percent of the GDP. The gross external debt of Georgia increased by 437.4 million USD during the second quarter of 2015. Out of that increase 341.7 million …

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Eurozone Returns to Deflation in September

Eurozone

The euro area’s inflation rate unexpectedly turned negative in September for the first time in six months. Consumer prices have fallen 0.1 percent from a year earlier, according to a preliminary report published by the European Union’s statistics office on Wednesday. Unemployment in the region remained unchanged in August at …

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Dimitry Kumsishvili: Georgia’s Business Sector is Expanding

Dimitry Kumsishvili

Georgia’s business sector is growing in a range of directions, generating increased turnover and employing more people with higher salaries. Georgia’s Economy Ministry released information today that revealed 2015 was proving to be a “very successful year” for the business sector in Georgia, with particular gains experienced in the second …

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Southern Gas Corridor’s Realization in Georgia on Schedule

Mariam Valishvili

Realization of the Southern Gas Corridor project in Georgia is going on in line with schedule, Georgian Deputy Energy Minister Mariam Valishvili said in an exclusive interview with Trend Sept. 28. “The work schedule is being complied with, and there are no problems,” said Valishvili. “All the agreements have been …

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Ex-British Prime Minister will Visit Georgia

Ex-UK Prime Minister Tony Blair will visit Georgia – Georgia’s PM Irakli Garibashvili had invited him to the South Caucasus country and Blair accepted the invitation. The meeting between the two politicians occurred in New York, where the Georgian delegation was attending the 70th United Nations General Assembly (UNGA). The meeting …

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REUTERS: Georgia Targets 3 pct Economic Growth in 2016-Budget Draft

The Georgian government targets 3 percent economic growth in 2016, up from 2 percent expected this year, the country’s prime minister said on Wednesday. Irakly Garibashvili said at a government meeting that the draft budget for next year projected annual inflation at 4.5 percent, down from 5-6 percent expected this …

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Development Agency of France (AFD) Might open its Office to Georgia

France is aware of the big potential of deep economic relations with Georgia, France’s Foreign Minister Laurent Fabius said yesterday while meeting his Georgian counterpart Giorgi Kvirikashvili.  The idea to create a Georgia branch of the Development Agency of France (AFD) was discussed in the context of developing Georgian-French economic …

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