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.…

Georgia ready to expand partnership with Turkmenistan

President of Georgia Giorgi Margvelashvili sent a letter to his Turkmen counterpart Gurbanguly Berdimuhamedov on the occasion of the 25th anniversary of establishing diplomatic relations between the two countries, the Turkmen government said in a message. In his letter, Margvelashvili expressed readiness to deepen and expand mutually beneficial partnership with Turkmenistan. The Georgian president pointed…

Ukraine and Georgia to jointly develop transport corridor from the Baltics to Caspian Sea

Ukraine and Georgia have agreed on the development of the Baltic Sea – Black Sea – Caspian Sea international transport corridor at the meeting of the joint intergovernmental commission on economic cooperation. Ukraine’s Vice Prime Minister for European and Euro-Atlantic Integration Ivanna Klympush-Tsyntsadze announced this at the briefing. “We agreed to continue cooperation on the…

Georgia: Central Bank increases key rate

The National Bank of Georgia increased its key rate by 25 base points to 6.75% and announced further “gradual” tightening of the monetary policy in the course of the next two quarters. NBG said in a statement that “the decision is based on macroeconomic forecasts,” according to which, NBG expected that this year’s inflation rate…

Georgia: international arrivals up in 2016

Visits to Georgia by foreign citizens reached 6,350,825 in 2016, up by 7.6% YoY, according to the data released by the Interior Ministry. The Interior Ministry compiles statistics based on border crossing data. Travelers entering Georgia and staying in the country for more than 24 hours are classified as “tourists”. Of the total 6.35 million…