ECONOMICS
Int’l visits restored by 53.8% compared to pre-pandemic period – tourism administration
The National Tourism Administration of Georgia said on Thursday that in the nine months of 2022, compared to the same period of 2019, the recovery rate of international visits is 53.8%. The agency stated that in September 2022, 636,235 international...
Georgian gov’t announces a week-long wine festival across country
The Georgian government on Monday announced a week-long wine festival across the country between October 9 and 15, stating that the event initiated by the country’s prime minister Irakli Garibashvili would allow the attendees to taste varieties of th...
Annual inflation rate hits 11.5% in Georgia
In September 2022 the Consumer Price Index increased by 0.8 percent compared to the previous month, while the annual inflation rate amounted to 11.5 percent, the National Statistics Office of Georgia said. The agency said that the monthly inflation...
Georgia’s revenue service says customs procedures for trucks to Russia “partly delayed”
The Georgian Revenue Service said on Monday that customs procedures for trucks leaving the Larsi checkpoint in North Georgia to Russia were partly delayed in the Russia-administered area. The agency stressed that customs checkpoints across the coun...
57% of Georgians keep saving at home in cash, not in banks – national bank survey
The National Bank of Georgia has published its National Strategy of Financial Education, which says that the 57% of the country’s population keeping savings in cash at home, instead of banks. “66.7% of the population of Georgia are active savers. H...
Turkey, Russia, China – Georgia’s top trading partners this year
Turkey ($1.78 billion), Russia ($1.47 billion) and China ($1.22 billion) have been named as Georgia’s top trading partners between January-August 2022, the National Statistics Office of Georgia said on Monday, noting that the share of the top ten tra...
Georgia receives $2.1 billions in income from tourism in seven months
Between January and August Georgia has received $2.1 billion in incomes from tourism, the Georgian Economy Ministry said on Friday. The ministry stated that travel revenue in August surpassed the figure of 2019 for the second time and set a record ...
Tourist visits restored by 77.4% compared to 2019 – Tourism Administration
The National Tourism Administration of Georgia said on Wednesday that compared to August 2019, this year international tourist visits have increased by 77.4%, and travelers’ visits increased by 67.1%. According to the administration, 582,995 interna...
Georgian GDP grows by 10.3% in past seven months – Geostat
The National Statistics Office of Georgia said on Wednesday that in July 2022, compared to the corresponding period of the previous year, the growth of the real gross domestic product (GDP) amounted to 9.7 percent, while the average figure for the fi...
Launch of energy exchange carries threats amid war – Economy Minister
The launch of the energy exchange amid the ongoing Russia’s war in Ukraine carries threats and the process may be postponed despite technical readiness, Georgian Economy Minister Levan Davitashvili said on Monday, following the Government meeting. ...
