Economy

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%.

Minister of Finance Meets with EBRD Vice President

Minister of Finance of Georgia Ivane Machavariani has met with Jürgen Rigterink, the first vice president of European Bank for Reconstruction and Development (EBRD) as part of the annual spring meetings of the IMF and WB Group in the USA.

March Records 23% Upturn in Electricity Imports

According to the information by Electricity Market Operator (ESCO), in March 2019, electricity imports to Georgia rose by 23%, as compared to the same period of 2018 and the total imports constituted 208.869 million kw/h.

Minister of Economy: We Plan to Attract about 200 million FDI to Mines Sector in 2019

“Mines sector is one of the key segments of our economy in terms of employment and attracting investments and promoting exports”, Minister of Economy Giorgi Kobulia noted at his meeting with the sector representatives.

March Records 12.3% Upturn in Exports and 104 million USD Contraction in Imports

Exports in March 2019 made up 321 million USD, up 12.3% year on year.

Price of Carrot and Potato Rise by 12% in Georgia

Potato and carrot prices have increased in many countries of the region, the market report by East Fruit reads.

Eighteen Wind Power Plant Projects Submitted to Ministry of Economy

Government of Georgia has signed 18 wind power plant construction projects with various investors, the statement released by Ministry of Economy and Sustainable Development of Georgia reads.

Role of Fisheries in Economic Development Discussed at Conference in Batumi

Representatives of the fishing industry gathered in the Georgian capital of Batumi for a conference entitled “Fisheries for the Economic Development of the Country”.