About 1.28 million Georgian citizens aged 15 and above made 1.47 million monthly visits within the country in the third quarter of 2022 and spent GEL 346.3 million (about $130.44 million), the latest data published by the National Statistics Office of Georgia showed. The figures showed the monthly average number of visitors decreased by 6.7%…
Hungarian budget airline Wizz Air will add new routes from Georgia’s western Kutaisi International Airport to five European cities starting in June 2023, the United Airports of Georgia reports. Next summer the company will launch flights to Brussels, Madrid, Frankfurt, Hamburg and Poznan. The direct flights between the Kutaisi Airport and the cities will be…
Georgian external trade turnover amounted to $17.02 billion in January-November, up by 32.2% YoY, the National Statistics Office revealed. The value of exports rose by 31.8% and equaled $5.03 billion in the reported period, while imports grew by 32.5%, amounting to $11.98 billion. Trade deficit reached $6.94 billion, and the share of trade turnover hit…
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…
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…
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…
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…