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Georgia Received 3,2 Billion USD Revenue from International Tourism

According to the preliminary data, in 2018, foreign tourism in Georgia amounted to 3 billion 203 million dollars (growth + 18.4%), which is 498 million more than the same period last year. As of the I-III quarter of 2018, foreign tourism income in Georgia amounted to 2,571 million dollars (growth …

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Tourism Sector Revenues Exceeded 1 billion USD

In January-May 2018 the tourism sector inflows made up 1.036 billion USD, including 246 million USD in May, up 19.9% compared to the same period of 2017. We remind you that in May Georgia hosted 633 086 international visitors, up 7.8% year on year, including 359 744 tourists were recorded …

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Teliani Valley Revenues Rose by 94.4%

Teliani valley

Teliani Valley revenues rose by annual 94.4%. The growth tendency started after the company launched beer and lemonade production in 2017. The company also continues diversification of wine and beer business and expands the distribution network. Teliani Valley plans to expand the space of vineyards to 1000 hectares in 3 …

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Banking Sector’s Revenues Grow

The banking sector’s revenues have increased by 113 million GEL year on year (+20% year on year). In the first quarter of 2018 the sector’s revenues amounted to 941.5 million GEL. In the same period of 2017, commercial banks received 828 million GEL revenues. According to National Bank of Georgia …

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Georgian Lender BGEO Increase Porfit and Revenue in First Quarter

Georgian Lender BGEO Increase Porfit and Revenue in First Quarter

Georgian banking and investment firm BGEO Group PLC said Wednesday it increased its pretax profit and revenue in the first quarter of 2017. FTSE 250-listed BGEO reported a pretax profit of GEL113.3 million for the three months to March 31, or approximately GBP35.8 million. This was up 17% from GEL97.0 …

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Georgia’s Revenues from Foreign Tourism Totaled $481 million

In the fourth quarter of 2016 Georgia’s revenues from foreign tourism constituted 481 million USD, up 12.5% year on year (+54 million USD). According to National Tourism Administration, in 2016 Georgia’s total revenues from foreign tourism exceeded 2.2 billion USD, up 11.9% year on year (+230 million USD). Tourism sector’s …

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Tourism Revenues Exceed Two Billion USD

Fitch georgia

The numbers of tourists in Georgia have increased by half a million, and tourism revenues exceed two billion USD. The Prime Minister of Georgia commented on the positive tourism statistics at today’s Government meeting. According to Giorgi Kvirikashvili, it is truly commendable that, in 2016, over 6,350,000 international guests visited …

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Revenues from Tourism Sector Keeps Growing

The pleasant tendency of the past years goes on in 2016 too and Georgia is hosting more and more foreign tourists every year. Tourism is one of the fields, if not only one, that has been growing over the past 10 years in constant regime. This year the tourism inflows …

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Georgia’s Commercial Banks’ Profits Shrink

The bank sector’s profits in February 2016 marked 16 million GEL, down by about 300% year on year. The figure has increased by 18% as compared to February 2014. As of March 1, 2016, six commercial banks have ended the reporting period in losses (∑6.1million). The Georgian bank sector currently …

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