Georgia: 100 million GEL to be invested in basketball

Georgian Prime Minister Irakli Garibashvili has stated that the government plans to invest 100 million GEL (about $32,292,440 or EUR 28,577,144) in the development of Georgian basketball. During a meeting with Georgian Basketball Federation President Paata Guraspauli, Garibashvili noted that the launch of a basketball development program for the “popularization of basketball” was also on…

Georgia: external debt to decrease

The Georgian government has plans to decrease the country’s external debt to 51.1% of the Gross Domestic Product (GDP) next year, Prime Minister Irakli Garibashvili has announced. Georgia’s external debt amounted to 58.66% of GDP in 2020, nearly 29.3 billion GEL, which increased to a critical 60% of GDP this year. Garibashvili said that Georgia…

Georgia: 14,600 tons of hazelnuts exported

A total of 14,600 tons of Georgian hazelnuts have been exported from August 1 to November 28 valued at $66.8 million, the Georgian Agriculture Ministry announces. In January-October, the export of Georgian hazelnuts and other nuts increased by 31.1% YoY, the National Statistics Office of Georgia (Geostat) reported. Georgian hazelnuts were exported to the following…

Georgia: economy up in October 2021

Prime Minister Irakli Garibashvili stated that the economic growth in Georgia in October amounted to about 7%, while growth in the past 10 months totaled 10.5%, calling it “unique, unprecedentedly high growth across Europe”. He also said several days ago that the gross domestic product in Georgia would reach a historic high in January 2022…

Georgia: three cities to receive EUR 30,000 each from EU for cultural development strategies

The three western Georgian cities of Kutaisi, Poti and Zugdidi will receive 30,000 euros each to develop a cultural development strategy with grants form EU4Culture. The Georgian cities were selected among a total of 14 non-capital cities and towns from five Eastern Partnership (EaP) countries: Armenia, Azerbaijan, Georgia, Moldova and Ukraine. At a final stage,…