Economy

Georgia Sees Increase in Exports by 4.5% in January-February

Georgia's foreign trade turnover in January-February 2020 is $ 1,853 billion 6% higher than in the same period of 2019.

Georgian-Azerbaijani Economic Cooperation

The attractiveness of investment and investment prospects amid the  challenges posed by the coronavirus in 2020 – Zviad Chumburidze, secretary general of the EU-Georgia Business Council, discussed these issues on Business Partner. 

Agriculture Minister: The Country Has Enough Reserves of Tinned Products. Growing Demand Cannot Generate Deficit

Georgian Agriculture Minister Levan Davitashvili has met with directors of three major canneries – Marneuli Food Factory, KULA and Kaspi Cannery.

Prime Minister Instructs Agriculture Ministry to Keep Prices Unchanged on Seven Key Products

As noted by Irakli Chikovani, the Prime Minister’s advisor, the Agriculture Ministry and business sector will develop a new mechanism to minimize changes of product prices.

EBRD Reveals €1 Billion Emergency Coronavirus Financing Package

The EBRD has unveiled an emergency €1 billion “Solidarity Package” of measures to help companies across its regions deal with the impact of the coronavirus pandemic.

Georgian Post to be Entrusted to Create Service for Pensioners and Socially Vulnerable Group

Ministry of Economy and Georgian post, together with the Ministry of Healthcare are entrusted to build the service offering mechanism for pensioners and socially vulnerable groups. 

State Orders Closure of Sport and Spa Centers from Tomorrow

Government of Georgia after closure of bars and restaurants bans functioning sports and spa centers.

Georgia's External Debt Decreased by USD 4.2 Million

As of February 29, 2020, Georgia's state external debt exceeded $ 5.673 billion (GEL 15.832 billion), down by $ 4.161 million compared to the previous month.

New Official Exchange Rate

The official exchange rate set by the National Bank of Georgia (NBG) has also been changed and shows that from today 1 USD will cost 3.0118 GEL, which means that Lari reached record-high depreciation against Dollar.