Georgia: reduction of external debt government priority

Georgian finance minister Lasha Khutsishvili on November 17 said reducing the country’s external debt, which currently stood at $22.3 billion, was among the government’s priorities. Presenting next year’s budget in the parliament, the official said financial bodies would take on more internal debt – obtained by issuing treasury bonds and treasury obligations – to keep…

Georgia: international tourism revenue up in January-Octo0ber 2022

Georgia received $2,854,529,093 from international tourism between January and October, with the figure surpassing pre-pandemic numbers from 2019 and hitting record-high markers this year, the Georgian national tourism administration announced on November 17. The administration said revenues from international tourism increased by 183.2% YoY. It also added the figures showed a 100.2% recovery from the…