Georgia: exports to EU up in 2019

Exports from Georgia to the EU increased by 13% YoY in 2019, and reached $825.7 million, while imports decreased by 7.4%, to $2.32 billion, showed preliminary data from the National Statistics Office of Georgia. Georgia’s top trading partners were Turkey ($1.82 billion), Russia ($1.47 billion) and China ($1.09 billion) in 2019. In 2019 the share…

Georgia: wine listed in Guinness World Records

Georgian wine was listed in Guinness World Records as the oldest. The oldest wine was made in Georgia 8,000 years ago. This fact is confirmed by the remains of grapes in earthenware discovered during archaeological excavations. The earthenware found in Georgia is the oldest wine glassware to date. Earlier, the most ancient archaeological evidence of…

Georgia: prices up in December 2019

In December 2019 prices in Georgia increased by 0.4%, while the annual inflation rate amounted to 7%, showed the latest inflation data from the National Statistics Office of Georgia (Geostat). Prices for food and non-alcoholic beverages in Georgia increased by 1.4% MoM, contributing 0.44% of the overall monthly inflation. In particular monthly prices increased in…