Inflation to Pick Up unless the GEL Strengthens
The estimated GEL REER remains around 12% below its medium term average, indicating a substantial undervaluation.
Electricity Consumption is Growing Faster than Generation in Georgia
Electricity consumption is growing faster than generation in Georgia.
EBRD To Finance Kvesheti-Kobi Road Project
Provision of a sovereign loan to Georgia to co-finance the construction of the Tskere-Kobi tunnel (EBRD Project), which forms part of the Kvesheti-Kobi road section (the Project), located on the Jinvali-Larsi Road (North-South Corridor).
GDP Growth at 5.0% in June
According to the initial estimates of GeoStat, the real GDP growth stood at 5.0% YoY in June 2019. The growth averaged 4.9% YoY in the first six months of 2019.
Georgia and Iran Agree on Cargo Transportation Development
Georgia and Iran have achieved agreement on Persian Gulf-North transport corridor development. The information was released by land transport agency of Georgia.
Georgian Railway's Revenue Increased by GEL 32 Million in Six Months
During the 6 months of 2019 Georgian Railway revenues from freight traffic increased significantly.
ADB Approves $415 Million Loan to Improve Georgia's North–South Road Corridor
The Asian Development Bank (ADB) has approved a $415 million loan to Georgia to build a new highway.
EU to Allocate 1.75 million EUR to National Bank of Georgia
EU has launched a new project to strengthen efforts that the National Bank of Georgia will take in the fields of banking and payment services.
Georgian Airways to Join Air Silk Road Development Project
Georgian Airways will engage in implementing Air Silk Road development project. At this stage, we are exploring the project jointly with the Chinese party.