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…

Georgia: over 8 million international travelers welcomed in 2018

Georgia has set a new record, hosting over 8 million international travelers this year, the Georgian National Tourism Administration (GNTA) announces. More specifically, Georgia hosted 8,105,829 international travelers in January-November, showing an increase of 10.6% YoY. Of these travelers, 4,486,595 were tourists, up by 17.2%. The majority of foreign travelers were from Russia -1,341,127 (+23.8%),…

Georgia: trade with EU up in January-October 2018

Georgia is increasing its role as an important trade partner for the European Union (EU), the Commonwealth of Independent States (CIS) and other countries. In January-October trade turnover with EU countries increased by 18.6% (amounting to $2.76 billion) and with CIS countries by 27.4% YoY, to $3.51 billion, says the National Statistics Office of Georgia…

Georgia: Washington hosts wine events

Washington is hosting the “First vino Forum of America” on November 11-13. The three-day event includes a “Saperavi Festival” and Georgian wine tasting events. The forum will end with a scientific conference, which will be dedicated to Georgian wine culture and history. The United States is one of the growing export markets for Georgian wine.…

Georgia: Japan hosts wine tasting in Matsuyama

A Georgian wine tasting was held in Matsuyama, Japan. The tasting was attended by numerous wine importers, masters, representatives of the media, restaurants and hotels chains. During the event master of wine Kenichi Ohashi offered guests Georgian wine while introducing them to its history and culture, as well as to certain aspects of the modern…

Georgia: Badagoni wine among world’s top 100

A red dry wine “Alaverdi Tradition” produced by the Georgian wine company Badagoni is among the top 100 wines of the world, announces Badagoni. “Alaverdi Tradition” was named one of the world’s best wines by the jury of the prestigious Sydney International Wine Competition in Australia. In the competition, wines from the most prominent winemaking…

Georgia: economy up in January-August 2018

Georgia’s economy grew by 4.8% YoY in the first eight months of 2018, announced the National Statistics Office of Georgia (Geostat). The estimated real gross domestic product (GDP) growth rate in August was 2%, Geostat said. Last month the estimated real growth, compared to the same period of the previous year, was posted in the…