Following the double-digit growth of the Georgian economy in the first eight months of the year, the World Bank has raised its 2022 economic growth forecast for the country from the previously projected 5.5% to 8.8%, the highest in the Europe and Central Asia region. The update comes in the institution’s update for the region,…
Georgian Prime Minister Irakli Garibashvili said the public employment programme for the country’s socially vulnerable individuals, proposed by him late last year, had given jobs to 25,000 people since March. Speaking to the media, the head of the government said the figure was still “not enough”, and that “better communication” was required to better promote…
Georgian health minister Zurab Azarashvili on October 3 said financing of medications against chronic illnesses would be increased by GEL 30 million ($10.68 million) in the 2023 state budget. He also said the list of subsidised drugs would be expanded as part of the move. “We will implement reference pricing for medications beginning in January.…
The turnover received by the Georgian business sector increased by 31.5% YoY and amounted to GEL 150.4 billion (about $53.25 billion) in 2021, the latest data published by the National Statistic Office of Georgia showed. The value of production generated by the business sector increased by 24.6% and amounted to GEL 57.6 billion (about $20.39…
Cooperation prospects and the growing dynamics of tourism recovery in Georgia were discussed on October 3 at a meeting between the Georgian Prime Minister Irakli Garibashvili and Serkan Kaptan, the president of TAV Airports, the company managing two of the largest airports in the country. The meeting noted the pandemic had posed “a number of…
The Georgian economy grew by 10.5% YoY in August and by 10.3% in the first eight months of 2022, the latest data from the National Statistics Office of Georgia showed. The estimated real growth was observed in the following activities: transportation and storage, construction, information and communication, hotels and restaurants and trade. A decline was…
Georgian defence minister Juansher Burchuladze praised conditions provided for the country’s service members as “better than in most of European states” and announced launch of new projects for domestic defence production and introduction of a defence code to promote armed forces among the youth. The official stressed his body had carried out “all key reforms”…