Georgia: economy up in February 2019

Georgia’s economy is growing steadily, show the latest data from the National Statistics Office of Georgia (Geostat). The estimated real gross domestic product (GDP) growth rate in February equaled 4.6%, while in January-February it was 4.1% YoY. Last month the estimated real growth, compared to the same period of the previous year, was posted in…

Georgia: wine masterclass held in Japan

Sommeliers, distributors, restaurant and hospitality sector representatives attended a Georgian wine masterclass held in the Japanese city of Naha, announces the National Wine Agency of Georgia. About 60 guests attended the masterclass, where they had the opportunity to taste seven varieties of Georgian wine. An exhibition called “Georgia – Homeland of Wine” is taking place…

Georgia: export to Japan to increase

Georgian Prime Minister Mamuka Bakhtadze has summed up his visit to Japan, saying it has been very successful. Bakhtadze said that it was important to receive more foreign direct investments from Japan in high technology. “We have all opportunities to increase our exports to Japan 10-fold over the next five years”, he said. He said…

Georgia: market fully open

A Georgia-Japan business forum was held in Tokyo, where Georgian Prime Minister Mamuka Bakhtadze and Economy Minister Giorgi Kobulia introduced Japanese business society to Georgia’s investment climate and business opportunities. Bakhtadze said that Georgia was remarkably attractive for international investments. “Our market is fully open, our economy is liberal and our location is strategic”, said…

Georgia: top 3 destinations from Kutaisi Airport

Vienna, Rome, and Prague were the top three in demand directions from Georgia’s Kutaisi International Airport in February, announces United Airports of Georgia. After these three cities come Athens and Memmingen. In total Kutaisi Airport serviced 617,342 passengers in 2018, up by 52.5% YoY. United Airports of Georgia reported that 95% of Kutaisi airport passengers…

Georgia: wine wins Diamond Trophy in Japan

An international wine competition judged exclusively by Japanese female wine specialists has awarded Georgian wine the competition’s highest award, the Diamond Trophy. The winner of the sixth Sakura competition highest award was a Kisi 2017 of the wine company Vaziani Winery. Kisi 2017 was also the winner of the Double Gold award in the Sakura…

Georgia: economy up in January 2019

Georgia’s economy is growing steadily, show the latest data from the National Statistics Office of Georgia (Geostat). The estimated real gross domestic product (GDP) growth rate in January equaled 3.5% YoY. Last month the estimated real growth, compared to the same period of the previous year, was posted in the following activities: trade; hotels and…

Georgia: new construction regulations come into effect

New technical regulations for the production of cement products, steel frames, electric cables and plastic pipes came into effect on January 15. The updated technical regulations have been based on the best practices of the developed countries of the European Union, says the Technical and Construction Supervision Agency of Georgia. The new construction regulations are…

Georgia: anti-flu vaccines purchases to grow

Georgia will purchase double amount of anti-flu vaccines for 2019-2020 and this will be 80,000 vaccines instead of the 41,000 purchased for 2018-2019, head of the National Disease Control Centre Amiran Gamkrelidze has reported. “The supply we had for 2018-2019 is almost used. In the autumn, before the new season, we will purchase 80,000 vaccines,”…

Georgia: GDP by regions in 2017

The largest share of gross domestic product (GDP) of Georgia by region was held by the capital city of Tbilisi (50.1%), followed by the regions of Imereti (10%), Adjara (8.9%), Kvemo Kartli (8.2%) and Samegrelo-Zemo Svaneti (6.4%). Overall, the GDP of Georgia at current prices in 2017 amounted to 37.84 billion GEL, says the regional…

Georgia: economic performance strong

Georgia’s economic performance remains strong, but downside risks to the outlook have increased, reads the third review of the International Monetary Fund (IMF) of Georgia’s performance under the 3-year Extended Fund Facility (EFF). The executive board of the IMF completed the third review on December 19. The completion of the review will release about $41.6…

Georgia: Japan and Korea next export markets for wine

Japan and South Korea will be the next export markets for Georgian wine, Georgian Agricultural Minister Levan Davitashvili announced. Davitashvili accented the importance of state programs that resulted in the development of Georgian wine on export markets. The minister also underlined the increase in the Georgian National Wine Agency’s budget, which would assist in the…