business-economics
Georgia’s annual inflation rate hits 13.3%
In May 2022 the Consumer Price Index increased by 1.1 percent compared to the previous month, while the annual inflation rate amounted to 13.3 percent, the National Statistics Office of Georgia said on Friday. The agency said that the monthly in...
Main source of incomes for Georgian households are cash incomes, transfers – Geostat
In 2021 the average monthly incomes (cash and non-cash inflows) of the population in Georgia amounted to 1 360.2 million GEL, which is 13.9 percent increase compared to 2020, the National Statistics Office of Georgia (Geostat) said on Wednesday, stat...
PM Garibashvili discusses prospects for opening IT, Service Delivery Centre in Georgia with Salesforce
Opportunities for opening an IT and Service Delivery Centre in Georgia, as well as “favourable investment climate existing in the country” have been discussed between Georgian PM Irakli Garibashvili and Amy Weaver, CEO of Salesforce, the largest comp...
Russian sanctioned businessman ready to hand part of shares in Borjomi mineral water to Georgian gov’t
Alpha Group of a sanctioned Russian oligarch Mikhail Fridman, which is a key stakeholder in the Georgian mineral water producer Borjomi, is ready to hand a part of shares to the Georgian government for a local IDS Borjomi to resume operations and th...
Economy minister: surge in fuel prices in Georgia not in line with int’l market
A study of the fuel market by the Georgian Competition Agency has found that the effect of rising fuel prices on the local market was not in line with rising fuel prices on the international market, Minister of Economy and Sustainable Development of ...
Annual inflation rate hits 12.8% in Georgia, prices for food, transport, utilities surge
In April 2022 the Consumer Price Index increased by 1.8 percent compared to the previous month, while the annual inflation rate amounted to 12.8 percent, the National Statistics Office of Georgia (Geostat) said on Tuesday. The agency says that t...
Georgian mineral water Borjomi bottling plants temporarily shut due to sanctions on Russia
Both bottling plants of the Georgian mineral water Borjomi have been temporarily shut down due to sanctions imposed on Russia,as Russian billionaire, businessman Mikhail Fridman, whose Alfa Group has had a controlling stake in the company since 2013,...
January-March 2022 foreign trade surpasses 2019 data
In January-March 2022, the foreign trade turnover of goods increased compared to previous years, the National Statistics Office of Georgia (Geostat) has stated. The turnover of the first quarter of the current year is ahead not only of the data f...
Economy minister claims fuel prices to go down thanks to new contracts
Georgian Minister of Economy and Sustainable Development Levan Davitashvili stated today that the price of fuel is expected to go down soon in the country thanks to newly signed contracts. The minister has not specified with whom the contacts had b...
US, EU to unveil new sanctions against Russia today
The US and the EU are expected to unveil a new package of sanctions against Russia today, following a massacre in the Ukrainian town of Bucha which has been recently freed from Russian troops. The US sanctions will target Russian banks and offici...
