Economy

Economy Ministry: Railway Station will not Be Built at Kutaisi Airport

A new railway station will not be built for Kutaisi International airport, but the existing one will be rehabilitated, Deputy Economy Minister Akaki Saghirashvili told Channel 1 TV company.

Georgia's Annual Inflation Rate Amounted to 4.3%

In June 2019 the Consumer Price Index decreased by 1.0 percent compared to the previous month, while the annual inflation rate amounted to 4.3 percent.

Levan Davitashvili: Soil and Climate Conditions of Georgia are Favorable for Olive Industry

Georgia has become a member of the International Olive Council, Trend reports citing bizzone.info.

Price of Food and Non-alcoholic Beverages Increased by 7.9% This Year

The share of the rural population in the total population decreased slightly, from 42.6% in 2015 to 41.3% in the beginning of 2019.

Prime Minister Discusses Prospects of Increased Export Volumes to China

Increased export of Georgian output to the People's Republic of China (PRC) and transformation of Georgia into a regional hub has been discussed

Fitch Ratings: Russia Flight Ban to Weigh on Georgian Growth, Current Account

Russia's ban on flights to and from Georgia is likely to weigh on Georgian economic growth and could hamper the reduction of the sovereign's external vulnerabilities, Fitch Ratings says.

What to Expect from the Russian Tourism Embargo

Russian President Vladimir Putin has banned Russian airlines from performing flights to Georgia, starting July 8th, including commercial flights, under the pretext of ensuring national security and protecting Russian citizens. 

Threats from Russia and Response

Having banned air flights to Georgia and introduced a tourism embargo, the Russian Federation plans to set up sanctions against Georgian wines, too.

Russia Applies Significant Economic Instruments to Stage Political Pressure

A PhD in Economics, Rati Abuladze, appraises the social, economic and political aspects of Georgia-Russia relations.