Cost of Living does not Signify that This Sum Suffice for Sustenance

The cost of living does not signify that this sum suffice for sustenance, Gogita Todradze, executive director of Geostat, the national statistics service of Georgia, told BM.Ge.

Georgia Signs Memorandum of Cooperation with KHNP

Well-known South Korean company KHNP (Korea Hydro & Nuclear Power Co) launched the study on Georgia’s energy potential. T

Natia Turnava Appointed As Minister of Economy

Natia Turnava has been appointed as Minister of Economy and Sustainable Development of Georgia. 

Georgia’s National Debt fell by 165 Million GEL in March

In March Georgia’s national debt decreased by GEL 165 million and amounted to GEL 18.5 billion.

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.