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...
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...
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...
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, 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 ...
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...
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...
The Georgian parliament has approved the 2022 state budget earlier today with 78 votes for and one against in the 150-member state legislature. The macroeconomic parameters of the budget are as follows: GDP growth is expected at 6% and stands at ...
The European Investment Bank, the Bank of the European Union, will invest up to EUR 34 million in expanding a high-speed internet network bringing fast and reliable internet services to some 500,000 Georgians living in 1000 rural and remote settlemen...
Georgian Finance Minister Lasha Khutsishvili says that the country will need four-five years to decrease the country’s external debt to 40 percent of the Gross Domestic Product. PM Irakli Garibashvili stated earlier this month that the Georgian gov...
