Economy

SOCAR Expands its Gas Pipeline Network in Georgia

SOCAR Georgia Gas company (Georgian subsidiary of Azerbaijan’s state oil company SOCAR), has increased the length of its gas pipeline network in the neighboring country

The Most Popular Destinations from Kutaisi Airport

According to the data of January-June 2019, Vienna was the most demanded destination from Kutaisi International Airport. 

Does Georgia Need an Antidumping Law –The Opinions of Specialists and World Experiences

The Georgian authorities plan to enforce antidumping laws on January 1, 2020.

How the National Bank Swerved from Smoothing Mortgage Loan Regulations

Commercial banks plan to develop new products for GEL-denominated mortgage loans.

GEL Depreciation Lowers Inflation Rate

According to Geostat, the national statistics service of Georgia, in June 2019, compared to May, inflation rate made up -1%, while annual inflation rate constituted 4.3%, down from 4.7% in May.

Remittances Expressed in EUR Up by 10.1% YoY in June

Remittance inflows increased by 6.3% YoY in June 2019 in USD terms. When expressed in EUR and GEL, the yearly growth rates stood at higher 10.1% and 20.1%, respectively.

Geostat: External Merchandise Trade of Georgia decreased in June

According to the National Statistics Office of Georgia, in June 2019, compared with the same period of the previous year, indicators of External Merchandise Trade decreased and external trade turnover reduction amounts to 8.5 percent.

Union of Oil Product Importers: Diesel Imports Declines in January-June

Diesel imports have shrunk in January-June period, the Union of Oil Importers of Georgia says.

Hazelnut culture is one of the main Source of Income for the Population of Western Georgia

He made these remarks at the working meeting of the advisory council for the development of nut crops.