Georgia: annual inflation rate up in July 2018

Georgia’s monthly inflation rate amounted to -0.3% in July, while annual inflation from July 2017 to July 2018 amounted to 2.8%, reports the National Statistics Office of Georgia (Geostat). Last month prices of food and non-alcoholic beverages decreased by 1.1%. Prices decreased for: fruit and grapes (-12.6%) and vegetables (-10.7%). In the meantime, the prices…

Georgia: wine exports up in H1 2018

Georgia exported 38.2 million bottles of wine to 48 countries in the first six months of 2018, announces the Georgian National Wine Agency. In January-June Georgia generated about $90.3 million from the sale of wine abroad. Revenue increased by 28% YoY, while the volume of exports increased by 21%, said the Georgian National Wine Agency.…

Georgia: wine tasting held in Scotland and UK

A Georgian wine tasting “Georgian Wine Roadshow” event was held in Glasgow, Scotland and Manchester, England on June 18-19, the Embassy of Georgia to the United Kingdom announced. The wine tasting events, where 30 different varieties of Georgian wine were presented, were organized by Georgian Wine UK. The guests also had the opportunity to taste…

Georgia: Stingers to follow Javelins

The Acting Defense Minister Levan Izoria told lawmakers on June 20 that in the near future Georgia would receive the most modern, man-portable air defense system – FIM-92 Stingers – from the United States. Izoria said that together with Javelins, the new systems would significantly empower the country’s self-defense capabilities. Stinger (FIM-92) is a man-portable…

Georgia: 13 wine companies showcased at Vinexpo Hong Kong

Thirteen Georgian wine companies have made quite an impression at the leading industry event for wine and spirits professionals in the Asia-Pacific, Vinexpo Hong Kong, which was held on May 29-31. The three-day show featured meetings, new products and networking opportunities for importers, distributors, producers, sommeliers and merchants from around the world, including Georgia. As…

Georgia: air traffic control office and training center opens at Tbilisi airport

Georgia’s air navigation service provider Sakaeronavigatsia is marking its 25th anniversary by opening a new air traffic control (ATC) office and a training center at Tbilisi International Airport, equipped with state-of-the-art technology. Georgia’s Prime Minister Giorgi Kvirikashvili congratulated Sakaeronavigatsia officials and said this was another step forward to increase flight safety and to develop the…

Georgia: European partners to help reform energy sector

The Government of Georgia, the German government-owned development bank KFW and the French Development Agency (AFD) have signed a declaration on launching reforms for developing the energy market in Georgia and improve energy efficiency in the country. As Georgia’s Prime Minister Giorgi Kvirikashvili stated at the government meeting, the development of the country’s energy field…

Georgia: airport passenger traffic up in Q1 2018

Georgia’s three international airports served 839,612 passengers in the first three months of 2018, up by 36% YoY. The number of passengers who took regular or charter flights in Georgia increased in all three main airports of the country: Tbilisi Shota Rustaveli International Airport, Batumi International Airport and Kutaisi David Aghmashenebeli International Airport. More specifically,…

Georgia: new infrastructure to be built along BTK railway

New infrastructure will be built along the Akhalkalaki-Kartsakhi section of the Baku-Tbilisi-Kars (BTK) railway, the Azerbaijan Railways CJSC said. Tbilisi hosted a regular meeting of the BTK Coordination Council, according to the message. “During the meeting, Georgia’s first deputy prime minister, Minister of Economy and Sustainable Development Dimitri Kumsishvili told the audience about the economic,…

Georgia: BTK project changes transport map

The Baku-Tbilisi-Kars (BTK) railway project has changed the transport map of Georgia, Prime Minister Giorgi Kvirikashvili said. He made the remarks addressing the ‘Strategic Outlook: Eurasia’ panel at the World Economic Forum in Davos on January 23. Kvirikashvili said that the international projects being implemented and the geographic location of Georgia formed the basis and…

Turkmenistan expanding trade with Georgia

The opening ceremony of the Tbilisi Sea Plaza shopping mall was held in Tbilisi, Georgia, the Turkmen Foreign Ministry said in a message. According to the message, “Turkmenistan” store with a wide range of textile products, carpets and rugs, souvenirs, was opened in the shopping mall. Georgian Prime Minister Giorgi Kvirikashvili attended the opening ceremony.…