Georgia exported locally produced goods worth $5.59 billion in 2022, up by 31.8 YoY, preliminary data from the National Statistics Office of Georgia showed. Geostat said local exports in the country accounted for 66.2% of total exports in 2022, amounting to $3.70 billion, up by 18.4%. Georgia’s top trading partners were: China – $694.8 million,…
The Georgian Government has developed a strategy with large investments in renewable energy, including solar and wind energies, and a plan to use “this cheap energy” and the “strategically important” location of the country, Georgian Prime Minister Irakli Garibashvili has said at a panel discussion Eurasia’s Middle Corridor: From Pathway to Highway within the framework…
Irakli Karkashadze, the newly appointed Director of the United Airports of Georgia, on January 18 said the development of Kutaisi International Airport in the country’s west, would be a “main priority” of the body under his leadership. Karkashadze met airport employees, as well as representatives of the contractor company and partner organisations operating at the…
The European Bank for Reconstruction and Development has allocated a sovereign loan of EUR 50.6 million, including an investment grant of about EUR 5 million, from its Green Climate Fund to finance the renovation of up to 12 metro stations in the Georgian capital city of Tbilisi. Georgian Finance Minister Lasha Khutsishvili said by signing…
Georgia received $535.3 million from abroad in December 2022, up by 133.2% YoY, the National Bank of Georgia said on January 16. Russia ($317.31 million), Italy ($43.20 million) and the United States ($34.30 million) were the largest remittance senders last month. Overall, the vast majority (98.2%) of all money transfers from abroad came from 24…
Passenger traffic for airlines operating in Georgia recovered in 2022 by 85% compared to pandemic levels, while the number of flights were restored to 88% of pre-Covid figures, the Georgian Civil Aviation Agency announced on January 16. The governing agency revealed its annual figures that showed the country’s three international airports served 4,441,316 passengers over…
Georgia’s energy sector is in “an active phase” of development and the country’s goal is to “effectively” use the “huge” unused potential of renewable energy through hydro, wind, solar and other energy-sufficient directions, Romeo Mikautadze, Georgia’s Deputy Economy Minister said on January 15 at the 13th session of the Assembly of the International Renewable Energy…