Economy

Cowgill: Anaklia as Major PPP Project should Be Implemented jointly with Government

Last week the Consortium released a lot of statements regarding Anaklia.

Georgian Railway to Connect Transit cargo to Europe and Asia

The initiative of the Georgian Railways was implemented on regular container shipments to the Georgian-Ukrainian ports.

IMF Expects 4.8% Growth Projection in Georgia for 2020

The IMF kept Georgia’s trend growth rate at 5.2%

The 2020 State Budget is a Pre-election Promise

Parliament of Georgia will finish discussions on the 2020 state budget bill on October 18.

Four Obligations that Anaklia Consortium Must Fulfill before 2020

The Government of Georgia has all rights to terminate the whole agreement with Anaklia Consortium

Direct Flights From Tbilisi to Bangkok to be Launched in December

Thai Air Asia X is set to launch direct charter flights of Bangkok – Tbilisi starting from December 28.

External Sector Remains Balanced Despite Reduction in Tourism Inflows

In Q2 2019, the CA deficit-to-GDP ratio declined sharply to 3.2%, as opposed to 8.2% of the same figure a year ago.

Inflation Pressures Remained High

Inflationary pressures have remained high on the macro agenda as headline inflation jumped sharply in September to reach 6.4% YoY – a figure slightly above our expectations.

Georgia’s Exports Rose by 0.5% in September

According to early report by Geostat, the national statistics service of Georgia, in September 2019 Georgia’s exports rose by 0.5% compared to September 2018