Georgia received $2,854,529,093 from international tourism between January and October, with the figure surpassing pre-pandemic numbers from 2019 and hitting record-high markers this year, the Georgian national tourism administration announced on November 17. The administration said revenues from international tourism increased by 183.2% YoY. It also added the figures showed a 100.2% recovery from the…
The Georgian central bank plans to roll out a pilot scheme for a digital version of the national currency lari, governor Koba Gvenetadze has said. Gvenetadze said the digital currency would have the same value and legitimacy as banknotes and coins, and added the main idea behind testing the innovation was to find out how…
Georgia’s domestic production of drones will launch next year following the testing of the first unmanned aerial vehicle produced by the newly established joint Georgian-Polish company, defence minister Juansher Burchuladze said on November 14. Burchuladze noted the Delta-WB production had received the advance payment for the task, with the test models to leave the conveyor…
Georgian external trade turnover amounted to $15.22 billion in January-October, up by 33.5% YoY, the national statistics office revealed on November 14. The value of exports rose by 34% and equaled $4.54 billion in the reported period, while imports also grew by 33.2%, amounting to $10.68 billion. Trade deficit, a measure of the negative balance…
A total of GEL 1.8 billion ($0.66 billion) was returned to taxpayers in Georgia in the first 10 months of 2022 as part of the VAT return reform, the country’s revenue service announced. The reform involves returning the surplus generated from VAT payments through a “new and simplified” system upon delivery of VAT declarations. First…
The cooperation in the field of taxation between Georgia and Spain was discussed by the Georgian finance minister Lasha Khutsishvili and his Spanish counterpart Maria Jesus Montero, the Finance Ministry said. The parties expressed readiness to “further deepen” the existing cooperation in the meeting, held within the framework of the 15th plenary meeting of the…
41 airline companies will carry out flights between Georgia and 61 destinations in 31 countries during the winter season, the Georgian civil aviation agency announced on November 9 after officially approving the schedule for the period. Set to run between October 25 and March 25, 2023 the season will see an average of 390 flights…