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Georgian gov’t to receive €55.6 in loans, grants from EBRD to modernise Tbilisi metro

Georgian gov’t to receive €55.6 in loans, grants from EBRD to modernise Tbilisi metro

Business-Economics01.17.2023

The Georgian government will receive up to 55.6 million euros from the European Bank for Reconstruction and Development for the modernisation of the Tbilisi metro, the Georgian finance ministry confirmed on Tuesday.  The body said the loan and grant...

Singaporean Indorama Corporation buys 100% shares of Georgian Azot plant

Singaporean Indorama Corporation buys 100% shares of Georgian Azot plant

Business-Economics01.13.2023

Indorama Corporation, a Singapore-based Asian chemical company has bought 100 percent of shares in the Georgian-based Rustavi Azot plant, which is a major supplier of mineral fertilizers and industrial chemicals in the Caucasus region.  The Georgian...

External trade turnover up by 32% in Georgia

External trade turnover up by 32% in Georgia

Business-Economics01.13.2023

The external trade turnover of Georgia has increased by 32.8% in 2022 compared to the same period of the previous year, the National Statistics Office of Georgia said on Friday.  The external  trade turnover without undeclared trade amounted to $19....

Wizz Air announces direct flights to Brussels, Madrid, Frankfurt, Hamburg, Poznań from Kutaisi airport

Wizz Air announces direct flights to Brussels, Madrid, Frankfurt, Hamburg, Poznań from Kutaisi airport

Business-Economics12.13.2022

Hungarian low-cost airline Wizz Air will add new routes to Brussels, Madrid, Frankfurt, Hamburg and Poznań from Georgia’s western Kutaisi International Airport starting from next summer.  The direct flights will be operated out twice a week, the Uni...

64% of Georgian wine exported to Russia this year

64% of Georgian wine exported to Russia this year

Business-Economics11.23.2022

According to the National Statistics Office of Georgia, 64% of Georgian wine exported in the first ten months of 2022 went to Russia This is the biggest indicator over the last ten years Georgia restored trade and economic relations with Russia in ...

Annual inflation hits 10.6% in Georgia

Annual inflation hits 10.6% in Georgia

Business-Economics11.03.2022

The consumer Price Index increased by 0.5 percent in October compared to the previous month, while the annual inflation rate amounted to 10.6 percent, the national statistics office said on Thursday.  The agency said that the monthly inflation rate ...

Flights resumed from Kutaisi airport after renovation work

Flights resumed from Kutaisi airport after renovation work

Business-Economics10.31.2022

Flights from western Kutaisi international airport resumed on Monday after the renovation of a runway, the United Airports of Georgia said.  The renovation of the runway was completed yesterday, with the first flight performed from  Minsk. The cost...

Imports from Russia increased by 72.8% – Geostat

Imports from Russia increased by 72.8% – Geostat

Business-Economics10.20.2022

In January-September 2022, the foreign trade turnover of goods in Georgia (without undeclared trade) amounted to 13.6 billion US dollars, which is 35.3 percent more than the corresponding period of the previous year, the National Statistics Office of...

Georgia’s external trade in January-September hits $13billion – Geostat

Georgia’s external trade in January-September hits $13billion – Geostat

Business-Economics10.13.2022

External Merchandise Trade (excluding non-declared trade) of Georgia amounted to USD 13 612.0 million in January-September 2022, 35.3 percent higher year-on-year, the National Statistics Office of Georgia said on thursday.  The agency said that the ...

Statistics office sets average monthly earnings of Georgians at ₾1,304

Statistics office sets average monthly earnings of Georgians at ₾1,304

Business-Economics10.11.2022

The National Statistics Office of Georgia said on Tuesday that average monthly nominal earnings of employees increased by 9.5 percent (113.5 Gel) last year compared to 2020 and amounted to 1 304.5 Gel.  It said that last year the average monthly ear...

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