Georgian Economy Minister Levan Davitashvili on May 26 congratulated citizens with Independence Day by saying “true independence” could only be achieved through ensuring a strong economic basis for the state. Davitashvili highlighted the importance of the date and said he wished the nation “true freedom and prosperity” alongside “formal and legal independence”. “Much remains to…
Twenty Georgian women winemakers are featuring in events promoting Georgian wine in the United Kingdom, with venues in London hosting the showcases. The Georgian National Wine Agency said on May 25 the promotional programme was running between May 23 and 26, and coinciding with the country’s Independence Day celebrations on May 26. A “special reception”…
Archil Mestvirishvili, the Acting President and Vice President of the National Bank of Georgia, on May 24 said evaluations of Georgia’s investment environment by international rating agencies boosted investors’ and foreign organisations’ confidence in the domestic economy. Mestvirishvili said the ratings had a positive impact on the country’s business environment, and added the rankings for…
Economic relations between Georgia and Qatar and investment opportunities were discussed on May 23 in a meeting between the Georgian Prime Minister Irakli Garibashvili and Sheikh Tamim bin Hamad bin Khalifa Al Thani, the Emir of Qatar. The officials highlighted the dynamics of existing “productive cooperation” and pointed out the importance of deepening economic relations…
Unemployment in Georgia was at its lowest rate in 20 years in 2022, the World Bank had said in its highlighting of statistics showing last year’s figure in the country at 11.3%. The numbers, sourced from the International Labour Organisation’s database, also showed the unemployment rate went down by 0.9% last year compared to 2021.…
Georgia has exported locally produced goods worth $1.96 billion in January-April, up by 23.6% YoY, the preliminary data from the National Statistics Office showed. Geostat said local exports in the country had accounted for 50.3% of total exports in the reporting period, amounting to $986.8 million, down by 18.3%. Georgia’s top trading partners were: Russia…
Amateur and professional athletes in Georgia’s western city of Kutaisi will now benefit from a brand-new Olympic Pool in the city, after the Asian Development Bank-supported construction was completed following two years of work. The Ministry of Infrastructure on May 18 said the Pool was in the testing phase before opening to “children, adults, professional…