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Tag Archives: georgia

Which Countries Have Positive Trade Balance with Georgia?

In January-August 2018 Georgia exports made up 2 146 million USD and imports constituted 5 954 million USD. Despite Georgia’s negative trade balance in January-August  and the deficit of 3 808 million GEL, the country has positive trade balance of more than 2 million USD with 10 countries. The reporting period recorded the …

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Economy of Georgia is Open for Investments: OPIC President Ray Washburne

“Economy of Georgia is open for investments” noted Ray Washburne, President of the Overseas Private Investment Corporation (OPIC) at a meeting with Mamuka Bakhtadze, Prime Minister of Georgia during his Working Visit to USA. Head of the Government of Georgia and President of OPIC discussed the pipeline of projects intended …

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Fitch Affirms Georgia at BB-; Outlook Positive

Fitch Ratings has affirmed Georgia’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at ‘BB-‘. The Outlook is Positive. A full list of rating actions is at the end of this rating action commentary. Georgia’s ratings are supported by governance and business environment indicators that are above the current medians …

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Expected Changes for Georgian Business if Turkey Starts Trading in Lira

Turkey ranks third among Georgia’s top exports markets, but it is leader in imports markets. According to Geostat, national statistics service of Georgia, Georgia’s exports in January-July made up 172 609.8 thousand USD, while imports from Turkey in the reporting period amounted to 829 158.4 thousand USD. This statistics proves …

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Georgia Nominates New Governors For Seven Regions

Mamuka Bakhtadze, Prime Minister of Georgia nominated new Governors for regions of the country. Shalva Kereselidze will be appointed as Governor of Mtskheta-Mtianeti region. As noted by the Prime Minister, nominee was born in Dusheti and knows the specifics and problems of the region. “He has a vast experience in …

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Georgia Earns $107 million by Exporting Wine in January-July

According to official state resource, Georgia exported 45.4 million bottles of wine to 50 countries in January-July of 2018, and earned about $107.8 million from the export. The revenue increased by 28 percent, while the volume of exports rose by 19 percent, Hvino News reports. The top five importing countries in …

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The Best Restaurants with a View in Georgia

Georgia has some of world’s most mouthwatering restaurants and not just because of the food. There are Georgian restaurants are some of the very best spots to sit back, relax and enjoy some of the best views across this most picturesque of cities. Better still, there’s so much choice of …

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When Breathing is Dangerous

For many years air pollution indicators in Georgia and Tbilisi are widely covered in a lot of international and domestic reports. According to the 2017 December indicator of World Health Organization (WHO), Tbilisi is one of the most polluted cities worldwide, where air pollution norm is 2.9 times worse. According …

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IMF Executive Board Concludes 2018 Article

The Executive Board of the International Monetary Fund (IMF) approved the completion of the second review of the three-year Extended Fund Facility (EFF) arrangement for Georgia. The EFF was approved on April 12, 2017 for an of SDR 210.4 million (about US$285 million or 100 percent of quota at the …

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