business-economics
Foreign trade turnover of goods in Georgia increases by 41% in January
The foreign trade turnover of goods in Georgia (excluding undeclared trade) in January 2022 stood at 1,110.5 million USD, which is 41.2 percent higher than in the corresponding period of the previous year, the National Statistics Office of Georgia sa...
Half a ton of unregistered meat seized in Tbilisi
Inspectors of the National Food Agency have confiscated up to a half ton of unregistered meat in Tbilisi, in Lilo settlement, outskirts of the capital city. The agency says that the meat was stored through the gross violation of sanitary-hygienic...
Annual inflation rate hits 13.9% in Georgia
In January 2022 the Consumer Price Index increased by 1.1 percent compared to the previous month, while the annual inflation rate amounted to 13.9 percent, the National Statistics Office of Georgia says. With regard to the annual core inflation,...
National Statistics Office: Georgian GDP growth rate amounted to 9.6% in december
The Georgian National Statistics Office says that the estimated real Gross Domestic Product (GDP) growth rate in December 2021 amounted to 9.6 percent year on year and 10.6 percent in 2021 compared to previous year. The agency says that In December...
PM Garibashvili: Turkish market opened to decrease price for medication
Georgian PM Irakli Garibashvili says that the government has opened the Turkish market to decrease the medication price in the country. It is expected that the price will decrease for about 200 GMP medications. Garibashvili maintained that the pr...
Gov’t to subside electricity fee for one million people
Georgia PM Irakli Garibashvili says that starting this month the government will subside electricity fee for about one million people who are socially vulnerable, having 150,000 scores and less. He said that the Georgian government activated the p...
Garibashvili : Georgia achieved double-digit economic growth in 2021
Georgian PM Irakli Garibashvili says that the country has achieved a double-digit economic growth in 2021. “The rapid economic recovery has allowed us to significantly improve key fiscal parameters, namely – the government debt to GDP has been reduc...
TBC Bank joins Marco Polo Network
TBC BANK, the largest financial institution in Georgia and Commerzbank, one of the leading trade banks globally, have – for the first time in the region – successfully executed the necessary data transfers to complete two commercial transactions via ...
Georgian businessman losses $1.7bln due to unrest in Kazakhstan
Mikheil Lomtadze, a Georgian businessman in Kazakhstan, has lost $ 1.7 billion amid ongoing unrest in Kazakhstan. His property was reduced by about 32%, Forbes reports. At the moment, the Georgian businessman’s fortune is $ 3.5 billion and he is 95...
Annual inflation hits 13.9% in Georgia
In December 2021 the Consumer Price Index increased by 0.3 percent compared to the previous month, while the annual inflation rate amounted to 13.9 percent, the National Statistics Office of Georgia (Geostat) says. Geostat states that with regard t...
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