Economy

World Atlas: What Are The Biggest Industries In Georgia?

World Atlas reports that the industrial sector contributes 24.6% to the GDP of Georgia. The edition lists the biggest industries in Georgia.

Georgia’s Highlands to Benefit from a Four-year Development Strategy

Georgia is famous for its soaring mountain peaks, which attract thousands of tourists for skiing and hiking holidays.

EBRD Statement on TBC Bank Group Georgia

The EBRD notes the recent board changes at TBC Bank Group PLC. The bank is a solid financial institution led by a strong management and an independent board of directors.

Monetary Policy Rate Unchanged - GEL Assessed as Likely Undervalued

On its 24th of July meeting, the Monetary Policy Committee (MPC) of the National Bank of Georgia decided to keep the policy rate unchanged at 6.5%.

Trade Balance Continued to Improve in June

Exports remained flat (-0.2% YoY) in June when expressed in USD. In EUR and GEL growth stood at 3.3% and 12.8%, respectively.

Georgian Port of Batumi is the Main Gateway for Cargo Transportation to Azerbaijan from European countries.

Georgian port of Batumi is the main gateway for cargo transportation to Azerbaijan from European countries. Batumi Sea Port has revealed cargo transportation volumes for the first half of this year.

Successful 5 Months for Georgian Exports

In January-May 2019 Georgia’s external trade turnover (without undeclared trade) made up 4 959.4 million USD, up 1.1% year on year, including the exports constituted 1 466.7 million USD (up 14.2%) and imports marked 3 492.8 million USD (down 3.6%).

Financing for Infrastructural Projects in 2019 to Increase by 20%

According to the Head of Government, the financing for infrastructural projects in 2019 will increase by 20%, a record-breaking indicator in the history of independent Georgia.

Geostat: Georgia’s Trousers Exports Grow by 47% to 7.5 million USD

Exports of males’ trousers, jumpsuits and shorts have increased, Geostat, the national statistics service of Georgia, says.