ECONOMICS
Geostat: Georgian GDP grows 10.5% in January-October 2021
The National Statistics Office of Georgia [https://www.geostat.ge/en] says that the estimated real Gross Domestic Product (GDP) growth rate in October 2021 equaled 6.9 percent year on year, and 10.5 percent in January-October of 2021. Geostat says...
Wizz Air resumes several flights from Kutaisi
The low-cost Hungarian airline Wizz Air has resumed direct flights, which were suspended due to the coronavirus pandemic, from Kutaisi to Vienna, Berlin and Barcelona. The Georgian Airports Association says that a total of 600 people benefited fr...
Prices up for everyday, other products in Georgia
The Consumer Price Index increased by 1.3 percent in October 2021 compared to the previous month, while the annual inflation rate amounted to 12.8 percent, the National Statistics oFfice of Georgia has reported. Geostat says that the monthly inf...
For the first time in the history Georgia has won the Council of Europe International Award for Cultural Routes
For the first time in the history Georgia has won the Council of Europe International Award for Cultural Routes.On October 23, 2021, in Italy, at the Cultural Routes Competition organized by the Council of Europe, Wine Company SHUMI won the internat...
ADB issues $10mln loan for a Georgian company in its first private sector housing project in S. Caucasus
Asian Development Bank (ADB) has allocated a $10 million loan for Georgian Optima company to build two residential complexes, providing over 3,700 affordable and energy-efficient apartments for people with a low or middle incomes, in capital Tbilisi....
Govt plans to increase funding for defence, law enforcement agencies
The government of Georgia has plans to increase funding for Defence and Interior Ministries, as well as for the State Security Service by 2022, to boost the country’s defence and security capabilities. Per the 2022 state budget draft, the funding...
White bread price up in Georgia
The price of white bread has increased by 10 tetries in Georgia, while the price is up by 20 terries for Georgian bread – Shoti. Georgian Bread Bakers Association Malkhaz Dolidze says that the increase in the price of raw materials and transporta...
Turkish company ENKA says it won’t build Namakhvani HPP in Georgia
Turkish company ENKA has stated that they will not build a Namakhvani HPP in western Georgia due to the ‘violation of contract conditions’ by the Georgian side. The forthcoming construction of the HPP in Rioni gorge has caused large scale protests ...
Hardware Trojans attack crypto users in Georgia less frequently than in neighbouring states
In the second quarter of 2021, hardware Trojans attacked 0.10% of computer users in Georgia, while the figure stood at 0.26% in Armenia and 0.23% in Azerbaijan, Kaspersky Lab Georgia reports. In April-June 2020, 0.23% of users in Georgia encount...
Statistics office announces increase in monthly earnings of Georgians
The Georgian National Statistics Office [https://www.geostat.ge/en] says that in the second quarter of 2021 the average monthly nominal earnings in Georgia increased by 15.5 percent (177.9 Gel) compared to the same quarter of the previous year and am...
