Georgia: external trade up in January-May 2019

Georgia’s external trade amounted to $4.95 billion in January-May, up by 1% YoY, says the National Statistics Office of Georgia (Geostat). In the reporting period the value of Georgian exports increased by 14.2%, to $1.46 billion, while the value of imports decreased by 3.6%, to $3.49 billion. Georgia’s trade deficit came out to $2.02 billion,…

Georgia: passenger traffic at airports up in January-May 2019

Georgia’s three international airports serviced 1,912,352 passengers in January-May, up by 19% YoY, says the United Airports of Georgia. 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 Aleksandre Kartveli International Airport and Kutaisi David Aghmashenebeli International…

Georgia: 20% of population under absolute poverty line

About 20.1% of Georgia’s population is under the absolute poverty line, shows the latest data of 2018 poverty indicators published by the National Statistics Office of Georgia (Geostat). Georgia’s population has slightly decreased, reaching 3,723,500 people as of January 1, says another data from Geostat. Most people under absolute poverty line live in the country’s…

Georgia: lari devaluation shot-term

The Georgian national currency, the lari, has depreciated in value against the US dollar and the euro in recent days, with $1 costing 2.7799 GEL, while 1 EUR costs 3.0954 GEL. Georgian Prime Minister Mamuka Bakhtadze says that “it seems this is a short-term effect and this will be regulated in the nearest future”. Bakhtadze…

Georgia: Tbilisi welcomes 90 modern buses

Georgia’s capital of Tbilisi is continuing to modernize its public bus fleet by introducing 90 brand new, 10-meter long diesel operated buses. There are 27 seats in the new buses, which can take up to 82 passengers in total. The buses are equipped for people with disabilities and with modern systems such as heating, air…

Georgia: air passenger traffic up in January-April 2019

Georgia’s three international airports serviced 1,450,847 passengers in January-April, up by 20% YoY, says the United Airports of Georgia. 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 Aleksandre Kartveli International Airport and Kutaisi David Aghmashenebeli International…

Georgia: economy up in February 2019

Georgia’s economy is growing steadily, show the latest data from the National Statistics Office of Georgia (Geostat). The estimated real gross domestic product (GDP) growth rate in February equaled 4.6%, while in January-February it was 4.1% YoY. Last month the estimated real growth, compared to the same period of the previous year, was posted in…

Georgia: wine masterclass held in Japan

Sommeliers, distributors, restaurant and hospitality sector representatives attended a Georgian wine masterclass held in the Japanese city of Naha, announces the National Wine Agency of Georgia. About 60 guests attended the masterclass, where they had the opportunity to taste seven varieties of Georgian wine. An exhibition called “Georgia – Homeland of Wine” is taking place…

Georgia: export to Japan to increase

Georgian Prime Minister Mamuka Bakhtadze has summed up his visit to Japan, saying it has been very successful. Bakhtadze said that it was important to receive more foreign direct investments from Japan in high technology. “We have all opportunities to increase our exports to Japan 10-fold over the next five years”, he said. He said…

Georgia: market fully open

A Georgia-Japan business forum was held in Tokyo, where Georgian Prime Minister Mamuka Bakhtadze and Economy Minister Giorgi Kobulia introduced Japanese business society to Georgia’s investment climate and business opportunities. Bakhtadze said that Georgia was remarkably attractive for international investments. “Our market is fully open, our economy is liberal and our location is strategic”, said…

Georgia: top 3 destinations from Kutaisi Airport

Vienna, Rome, and Prague were the top three in demand directions from Georgia’s Kutaisi International Airport in February, announces United Airports of Georgia. After these three cities come Athens and Memmingen. In total Kutaisi Airport serviced 617,342 passengers in 2018, up by 52.5% YoY. United Airports of Georgia reported that 95% of Kutaisi airport passengers…

Georgia: wine wins Diamond Trophy in Japan

An international wine competition judged exclusively by Japanese female wine specialists has awarded Georgian wine the competition’s highest award, the Diamond Trophy. The winner of the sixth Sakura competition highest award was a Kisi 2017 of the wine company Vaziani Winery. Kisi 2017 was also the winner of the Double Gold award in the Sakura…