The International Monetary Fund (IMF) expects economic activity to remain strong in Georgia, supported by a favourable global environment and the firm implementation of program policies. The Executive Board of the IMF approved the completion of the second review of the three-year Extended Fund Facility (EFF) arrangement for Georgia on June 27. Following the Executive…
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…
Georgian Airways is to resume direct flights from Astana to Batumi, the Civil Aviation Committee of the Ministry of Investments and Development of Kazakhstan said in a message. The flights will be carried out once a week on Fridays from June 22 to September 1, according to the message. Batumi is located on the Black…
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…
In the first quarter of 2018 the real growth rate of gross domestic product (GDP) amounted to 5.3% YoY in Georgia, says the National Statistics Office of Georgia (Geostat). In the reporting period the GDP deflator increased by 4.3% and the nominal GDP totaled 9.15 billion GEL. In Q1 the estimated real GDP growth, compared…
“We have record growth in exports in May – a 50.2% growth, which is the result of active work for export growth and diversification”, says Georgia’s Economy Minister Dimitry Kumsishvili. Kumsishvili talked about several factors, which led to the increase in exports last month. “First of all we should mention that the geography of those…
Eight Georgian companies have won 41 awards at the International Wine and Spirit Competition (IWSC). Georgian companies – Badagoni, Chateau Mukhrani, GWS Winery, Tbilvino, Telavi Wine Cellar, Teliani Valley, Schuchmann Wines, Vaziani Winery – won 11 silver and 30 bronze medals. Last year Georgia got 47 awards at IWSC. The competition is held annually in…