The Convention and Exhibition Bureau of the Georgian National Tourism Administration featured in 17 international business tourism fairs hosted in 13 countries this year to promote the country’s potential in the industry, the state agency said on December 26 in the end-of-year summary of its work. The bureau and private sector companies from Georgia had…
Romeo Mikautadze, Georgia’s Deputy Minister for Economy and Sustainable Development, on December 23 said the country’s domestic electricity production hit 13 billion kWh this year, a “record-high figure” as well as a 15% increase YoY. Addressing the Parliament’s Environmental Protection and Natural Resources Committee, the official said more than two-thirds of the domestic electricity generation…
Georgian Economy Minister Levan Davitashvili and Saudi Minister of Economy and Planning, Faisal bin Fadel Al-Ibrahim discussed “priority areas” of economic relations as part of a Georgian Government delegation’s ongoing visit to Saudi Arabia, the Georgian Ministry of Economy announced on December 22. The state body said the discussions had involved discussions of ties in…
The Georgian Government has sent 25 high-power generators to Ukraine by order of the Georgian Prime Minister Irakli Garibashvili, the Economy Ministry has announced, noting the Government continues to “actively” support Ukrainian people. The generators, with a total value of GEL 1.5 million (about $565,000), were purchased by the Georgian State Electrosystem operating under the…
Georgia exported locally produced goods worth $5.03 billion in January-November, up by 31.8% YoY, preliminary data from the national statistics office of Georgia showed. Geostat said local exports in the country had accounted for 67.6% of total exports in the reporting period, amounting to $3.40 billion, up by 21.2%. Georgia’s top trading partners were: China…
Electricity production in Georgia grew by 13.3% YoY in 2021, reaching 12.64 billion kilowatt-hours, the National Statistics Office of Georgia revealed. The increase in production was observed mainly thanks to an increase in water flow, Geostat said in its update of annual figures. In other statistics, the office said 35,500 tons (+13.4%) of crude oil,…
The Georgian Parliament approved the updated 2023 Georgian state budget, with the document planned with an economic growth forecast of 5%, the Ministry of Finance announced on December 15. The document was approved by 84 votes in favour and one against and involved estimation of the nominal gross domestic product at GEL 79.7 billion ($30…