Georgia: GDP to reach $30 billion in 2023

The gross domestic product of Georgia will reach GEL 80 billion ($30.08 billion) next year, Prime Minister Irakli Garibashvili said at the Government meeting on December 12, adding the figure had increased by almost GEL 30 billion ($11.28 billion) over in the last two to three years. Garibashvili said his Government was continuing its support…

Georgia: Government expects $400-500 million investment in Tbilisi and Batumi airports

Georgian Prime Minister Irakli Garibashvili on December 12 said his Government expected an investment of $400-500 million in two of the country’s three major airports, located in capital Tbilisi and the western city of Batumi. Garibashvili revealed the Government had already started work for the purpose, noting discussions at its Economic Council. “Let’s say directly…

Georgia: FDI up in Q3 2022

Spain was Georgia’s major foreign direct investor country in the third quarter of 2022 with $165.9 million, followed by the United Kingdom with $122.9 million and Ireland with $120.3 million, the National Statistics Office of Georgia reported. The top three sectors with the largest share of FDI in the third quarter of 2022 were as…

Georgia: PM and TAV Airports President discuss stimulation of new airlines and routes

Prime Minister of Georgia Irakli Garibashvili and Serkan Kaptan, President of TAV Airports, the company managing two of the largest airports in the country, on December 7 discussed ongoing cooperation and prospects for stimulating new airlines and routes on the domestic airline market. The meeting emphasised the growing post-pandemic dynamics of tourism recovery, with the…