Georgia’s export promotion agency Enterprise Georgia promoted “advantages” of the country’s business climate with prospective investors at the Annual Investment Meeting in Abu Dhabi last week, Director Mikheil Khidureli has said. Meeting potential investors in energy, agriculture, production, hotels and real estate, the agency sat down with about 20 companies from Persian Gulf countries, Khidureli…
The European Bank for Reconstruction and Development expects the economic growth in Georgia to moderate to 5% in 2023 and 5.3% in 2024. The Bank’s Regional Economic Prospects forecast, published on May 16, said growth prospects remained “clouded by high geopolitical risks”, but a “potential start of the EU accession process in the coming years…
Georgian external trade turnover amounted to $6.49 billion in January-April, up by 21.9% YoY, the Georgian National Statistics Office revealed on May 15. The value of exports rose by 23.5% and equalled $1.96 billion, while imports grew by 21.2%, amounting to $4.53 billion in the first four months of 2023. Trade deficit reached $2.57 billion,…
Georgian Prime Minister Irakli Garibashvili visited the first Drug Quality Control Laboratory in Georgia and said the Government had invested GEL 11 million (about $4 million) into the “ultra-modern” laboratory, which was essential for the Georgian people and the country. Garibashvili said that by the Government’s decision only Good Manufacturing Practices (GMP)-standard drugs were being…
Georgian Deputy Economy Minister Mariam Kvrivishvili on May 10 responded to the Russian Government’s decision to lift its ban on flights with Georgia and visa requirements for citizens of the country by saying that sanctioned airlines and ships would not be able to operate in Georgia, while unsanctioned ones would have an opportunity to perform…
Western Georgia’s Kutaisi International Airport recorded its record-high passenger flow last month, servicing 122,410 passengers in an 81% increase compared to the same month of the pre-pandemic year of 2019, the United Airports of Georgia said on May 10. The number of flights at the airport increased by 64%, with the facility servicing 359 flights…
Georgia’s export-promotion agency Enterprise Georgia will promote the country’s investment potential in meetings with companies at the ongoing Annual Investment Meeting in Abu Dhabi this week. The Ministry of Economy said the body’s Director Mikheil Khidureli would meet about 20 companies from Persian Gulf countries to introduce Georgia’s investment opportunities and business climate. Khidureli will…