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Tag Archives: economy

Georgia Sees Modest Economic Growth


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


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


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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Internet Market Is Saturated With Provider Companies, But Monopoly Still Runs

How the 2 billion GEL Universal Internetization Project Proceeds On August 14, 2015 the Georgian Economy Ministry Agency for Innovations and Technologies sealed an agreement with Detecon company, a member of the German Deutsche Telekom Group. The agency announced an inauguration of developing universal high-speed internet infrastructure in Georgia. Under …

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The Silk Road Forum Tbilisi 2015

Silk Road Forum 2015

Between October 15-16, Tbilisi will host the Silk Road Forum 2015. For many these words are associated with the caravans loaded with silk and spices from China traveling over the deserts, steppes, forests, and mountains all the way to Europe and the British Isles. Caravans are gone, but the Silk Road …

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Georgia-Russia Air Passenger Numbers 92% Up — Economy Minister

National Tourism Administration's Budget will Increase by 6 m

Georgia’s Minister of Economy Dimitri Kumsishvili discussed the profit Georgia earned by letting the Russian airlines enter Georgian air market. Georgia is enjoying significant financial and economic benefits since launching direct flights between Georgia and Russia, Agenda.ge reports. Latest figures revealed increasing numbers of people traveling between the two nations …

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