Georgia: citrus harvest to hit 45,000 tons

Prime Minister Irakli Garibashvili on December 5 said this year’s fruit harvest was expected to hit about 45,000 tons of citrus, adding the Government would subsidise collection of non-standard tangerines. Last week, the regional Government of Adjara also announced state authorities would co-finance collection of a kilogram of industrial tangerines with GEL 0.15 ($0.055), with…

Georgia: $73.81 million allocated for tourism to improve infrastructure and create jobs

Georgian deputy economy minister Mariam Kvrivishvili announced GEL 200 million ($73.81 million) would be allocated at the initiative of Prime Minister Irakli Garibashvili to improve tourism infrastructure and contribute to the creation of new jobs in the sector. Kvrivishvili also noted the government’s recently announced programme for developing new tourism locations while upgrading the existing…

Georgia: USAID allocates $220,000 grant to support financial market development

The United States Agency for International Development has allocated a grant of $220,000 for supporting financial market development in Georgia, the national bank of Georgia reports. The two-year programme aims to provide necessary financial support for the implementation of activities planned by the Georgian Financial Markets Treasuries Association to promote development of the domestic financial…

Georgia: economy up in January-October 2022

The Georgian economy grew by 10% YoY in January-October with the real gross domestic product growth showing an 8.3% increase over the previous year, the latest data from the national statistics office showed. Areas including construction, transport and warehousing, financial and insurance activities and mining industry made a “significant contribution” to the growth, the body…