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Tag Archives: georgia

Georgia Looks East for its Greatest wine Hope

Riding on the back of strong Georgian wine export performance to China and a newly signed Free Trade Agreement between the two countries, Georgian wines are racking up interest among trade professionals and consumers, bolstered by expected exemption of 14% import tariff on Georgian wines which could take effect as …

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Georgia to Attend China’s Biggest Exhibition

The Chinese town of Siamen will host China International Fair for Investment &Trade, the biggest international investment and trading exhibition. Georgia will be represented at the exhibition with the status of an invited honorary country. Our country will have a special exhibition space. As part of the mentioned exhibition, by …

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EFTA Free Trade Agreement with Georgia Came Into Force

The EFTA States, Iceland, Liechtenstein, Norway and Switzerland, signed a free trade agreement with Georgia in Bern, Switzerland, on 27 June 2016. From September 1, 2017 agreement came into force. As a broad-based agreement, the FTA covers trade in goods, trade in services, establishment, the protection of intellectual property rights, government …

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Georgia’s Economy Gathers Pace, Grows 4.4 pct in Jan-July

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 …

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ADY Express Launches Georgia-Azerbaijan Container Train

ADY Express Launches Georgia-Azerbaijan Container Train

A subsidiary of Azerbaijan Railways CJSC, Logistics Company called ADY Express LLC has launched new container block train on the Poti/Batumi (Georgia) – Keshla station (Azerbaijan) route, said company’s the website. The train is scheduled to depart three times a week and cover a distance of 900 kilometers in 30 …

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Trade Turnover Between Azerbaijan, Georgia Hits $425M

The trade turnover between Azerbaijan and Georgia amounted to $425.91 million in January-July 2017, which is 34.2 percent more compared to the same period of 2016. Azerbaijan occupies the fifth place among the importers of Georgian products, according to Georgia’s Statistics Service. During the reporting period, the supply of goods …

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Russia Remains Georgia’s Major Exports Market

Russia Remains Georgia's Major Exports Market

Russia remains Georgia’s major exports market. According to January-July indicators, Georgia exported 214.8mln USD products to Russian Federation, that is 14.8% in total exports (1.446bln USD). Georgia exported ferroalloys (80.1mln USD in January-July), wines (48.36mln USD), waters (25.98mln USD), spirits (11.3mln USD) and motorcars (7.6mln USD). All the mentioned groups …

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Milk, Meat and Egg Production Declines in Georgia

Milk, Meat and Egg Production Declines in Georgia

Milk, meat and egg production has declined in Georgia. According to preliminary indicators of Geostat, national statistics service of Georgia, in the second quarter of 2017, milk production made up 183.6mln liters, down 7.7% as compared to the same period of 2016. Meat production declined by 13.8% to 14.4 thousand …

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Annual Cost of Living Rises to 167 GEL

Annual cost of living of able-bodied males has risen. According to Geostat, national statistics service of Georgia, in July 2017 the cost of living totaled 167.2 GEL, up 11 GEL as compared to the 2016 indicators. The cost of living marked 156.6 GEL in July 2016. At the same time, …

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Record Figures in Tourism Sector

In July Georgia hosted about 1mln foreign visitors, National Tourism Administration of Georgia reports. In whole, the country has hosted about 4mln tourists as of August 1, 2017. According to January-August indicators, the country received 3 978 657 international visitors, up 16.8% year on year. Number of tourists, who have …

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2Q17 Revenues from Tourism Sector Marked 657.6mln USD

Tourism sector’s revenues in the first half of 2017 made up 1.09bln USD, including revenues in the second quarter totaled 657.6mln USD, up 28% as compared to the same period of 2016. In the first quarter of 2016 tourism sector’s revenues made up 434.6mln USD. In June the sector’s revenues …

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