The Case of the Bankers
The Prosecutor General of Georgia has applied to the Tbilisi City Court forprohibitive measure against Mamuka Khazaradze and Badri Japaridze.
Successful 5 Months for Georgian Exports
In January-May 2019 Georgia’s external trade turnover (without undeclared trade) made up 4 959.4 million USD, up 1.1% year on year, including the exports constituted 1 466.7 million USD (up 14.2%) and imports marked 3 492.8 million USD (down 3.6%).
GEL Depreciation Lowers Inflation Rate
According to Geostat, the national statistics service of Georgia, in June 2019, compared to May, inflation rate made up -1%, while annual inflation rate constituted 4.3%, down from 4.7% in May.
Russia’s Ratio in Georgian Economy
Russia’s fierce reaction came after protest rallies broke out in Tbilisi against the speech that Russian parliament member Sergei Gavrilov delivered from the seat.
Successful 5 Months for Exports
In January-May 2019, Georgia’s foreign trade turnover (excluding undeclared trade) made up 4,959.4 million USD, up 1.1% compared to the same period of 2018.
Unemployment Declines by 1.2% in 2018
According to the final report by Geostat, the national statistics service of Georgia, the unemployment rate in 2019 shrank by 1.2%, to 12.7%.
Tourists’ Spending Declines in Georgia
A total of 647,770 international visitors arrived in Georgia in April 2019. Year on year growth was at 4.6%.
4.6% Economic Growth Recorded in February
According to Geostat, the national statistics service of Georgia, in February 2019, compared to the same period of 2018, the pace of GDP growth was at 4.6%.
Negative Trade Balance Sees a 5 Year Low
CIS Countries Expand Exports Ratio in Georgia’s Foreign Trade Turnover amid Slowdown with EU Countries.