Economy

Products that Georgia Buys and Sells in Armenia

Armenia remains Georgia’s one of biggest trade partners. In January-July 2021, the Georgia-Armenia trade turnover amounted to $398 million. As a result, Armenia ranked 7th among Georgia’s top 7 trade partners.

Georgia’s Currency Reserves Hit $4.117 Billion

Georgia has substantially increased its international currency reserves after the International Monetary Fund (IMF) allocated reserve assets to the country.

Galt & Taggart Expects Inflation Rate to Hit 14% in December

Galt & Taggart forecast that the inflation rate will further grow. As noted by Galt & Taggart economist Lasha Kavtaradze, in December 2021, the inflation rate will hit 14%.

Israeli Airlines to Resume Flights to Tbilisi and Batumi

In September Israeli Airlines will resume flights to Tbilisi and Batumi International Airports.

Georgia Imports Vaccines of over $39 Million; Where We Buy Human Vaccines

In January-July 2021 Georgia bought vaccines worth $39.975 million in 16 countries.

ARKIA Airline to Resume Flights to Batumi International Airport

ARKIA airline will resume flights to Batumi International Airport, TAV Georgia, an operating company of Tbilisi and Batumi International Airports, reports.

Georgian Economy Grows by 9.9% in July

Following the 18.7% upturn in June, the Georgian economy grew by 9.9% in July.

Tbilisi International Airport Named among Best Airports of Eastern Europe

For the seventh time in a row, at the Skytrax World Airport Awards 2021, Tbilisi International Airport has been recognized as one of the best airports in Eastern Europe.

ENER-T: Georgia’s Critical Goal is to Diversity Renewable Energy Sources

Georgia’s overriding priority is to diversify renewable energy sources, ENER-T company representatives noted.