Georgia: money transfers up in August 2020

The volume of money transfers to Georgia in August was $184.2 million, up by 25.8% YoY, said the National Bank of Georgia (NBG). More than one-third of money transfers came in from the European Union: EU countries – $74.53 million (40.46%) and other countries – $109.68 million (59.54%). The largest countries, from which money transfers…

Georgia: external trade down in January-August 2020

Georgia’s external trade turnover amounted to $7.02 billion in January-August, down by 16.7% YoY, showed preliminary data from the National Statistics Office of Georgia (Geostat). The value of exports decreased by 14.7% and reached $2.07 billion, while imports decreased by 17.5%, amounting to $4.95 billion. The trade deficit of Georgia in January-August amounted to $2.88…

Georgia: hazelnut exports up in 2020

Georgia has already exported 1,334 tons of hazelnuts this year – twice as much as the country exported in the same period of last year, said the Georgian Ministry of Agriculture. The major European countries to which Georgia has exported hazelnuts are: Germany – 350 tons, Italy – 289 tons, the Czech Republic – 110…



Georgia: frequency of flights to be increased soon

The Tourism Administration of Georgia hopes the country will soon be able to increase the frequency of international flights, notwithstanding circumstances of the pandemic, head of the agency Mariam Kvrivishvili has said. Kvrivishvili made the comment while answering questions from local media about prospective resumption of WizzAir and Ryanair airline flights from and to the…

Georgia: non-bank deposits up in June 2020

The total volume of non-bank deposits in Georgian banking sector in June increased by 1.95% MoM or by 549.44 million lari ($179.3 million), and constituted 28.77 billion lari ($9.3 billion), the National Bank of Georgia (NBG) reported. In June, the volume of term deposits increased by 291.09 million lari ($95.02 million) compared to May. Demand…