Home / Tag Archives: growth

Tag Archives: growth

Whereabouts of Benefits from Georgia’s Economic Growth

Finance Sector Records Highest Pace of Growth, Agriculture is the Last. According to a preliminary report by Geostat, national statistics service of Georgia, in April 2017 real GDP growth pace made up 2.1%, while averaged real growth in the first quarter of 2017 totaled 5%. Averaged real growth in January …

Read More »

Economic Growth Pace Dropped 2.5 times in April

Georgia’s economic growth pace sharply declined in April, as compared to March indicators. However, the January t April indicators are positive, anyway. According to early report by Geostat, national statistics service of Georgia, in April real GDP growth pace made up 2.1%. Averaged real upturn in the first quarter of …

Read More »

Georgian Economy Shows Higher than Expected Growth Just in Two Months

Geostat, National Statistics Service of Georgia, has published an early report of February 2017 economic growth. According to the report, year on year growth in Gross Domestic Product (GDP) marked 4.4%, while January-February averaged real growth made up 4.8%. It should be noted that in January GDP upturn marked 5.2%. …

Read More »

Economic Growth in January Marked 5.2%

According to preliminary estimations, in January 2017 Georgia’s gross domestic product growth pace made up 5.2%. According to preliminary report by Geostat, national statistics service of Georgia, in the reporting period exports rose by 44.7% and imports increased by 15.4%. Foreign trade turnover increased by 22.1%. Turnover of VAT-payer enterprises …

Read More »

June Records Growth in Bank Sector’s Assets

June Records Growth in Bank Sector's Assets

The bank sector’s assets in June rose by 9% month on month and totaled 25.274 billion GEL in January-June 2016. The Georgian bank sector registers 19 commercial banks, including 17 ones with foreign capital co-participation and one – a branch of foreign commercial banks. Two leading commercial banks control 60% …

Read More »

June Records Growth in Bank Sector’s Profits

June Records Growth in Bank Sector's Profits

Fifteen commercial banks of 19 ones ended the first half of 2016 in total profits of 309 million GEL. In June the sector’s profits rose by 38 million GEL. Four commercial banks ended the reporting period in losses (TerraBank, Bank of Caucasus, Silkroad, Progress Bank). Total losses marked 18.7 million …

Read More »

Georgia Stands 17th Position in terms of Tourism Share

Georgia Stands 17th Position in terms of Tourism Share

According to the World Travel & Tourism Council (WTTC) Georgia’s economy keeps 17th position in terms of Tourism’s direct contribution to GDP. WTTC published 2016 report. It is already 25 years the organization has been working and conducting researches on the economic and social impact of the travel industry in the world countries. In addition, WTTC …

Read More »