Georgia has banned export of wheat and barley to avoid shortage on the domestic market. “The government decided to ban export of domestically produced wheat and barley until July 4, 2023,” head of Agricultural Ministry said. Georgia exports barley mainly to Iran. It has shipped 2.5 thousand tons since the start of the year. Domestic…
Prime Minister Irakli Garibashvili said Georgia experienced a “double-digit” economic growth in the first five months of 2022 despite “world markets crashing” the recessions caused by the Russia-Ukraine war, the Government Administration announced on June 27. Garibashvili called the growth figure “unprecedented” in Europe, adding the Government would “not allow any destructive force” to “hinder”…
The Municipal Development Fund of Georgia will build a FIFA Category II football stadium in Marneuli municipality in southeastern Georgia, the Ministry of Regional Development and Infrastructure has announced. The stadium complex will have infrastructure built to requirements of the international body, including dressing rooms, food facilities and storages. Stadium lighting, sound and fire systems,…
Georgia’s banking sector has been “at the forefront” of implementing good corporate governance practices and helping to strengthen the country’s economic and financial development, says a new report by a joint World Bank-International Monetary Fund programme. Produced as part of the programme of Reports on Observance of Standards and Codes, with the assistance of the…
Two of the major Georgian airports in capital Tbilisi and Black Sea city of Batumi have been named among the top 10 airports in the Eastern Europe, the company operating them has announced. TAV Georgia said Tbilisi International Airport had been ranked fifth in the Skytrax World Airport Awards index, with Batumi airport ranking sixth.…
Georgian citizens have saved GEL 51 million ($17 million or EUR 16.6 million) since the beginning of imports of affordable medicines from the Turkish market that has caused a reduction of domestic prices, Georgia’s Deputy Health Minister Ilia Ghudushauri has said. The official presented updates on the effects of the imports from the Turkish pharmaceutical…
Georgia received $258 million from international tourist visits in May, up by 250.4% YoY, the Georgian National Tourism Administration said. Revenues from international tourism have also recovered by 95.6% compared to the pre-pandemic 2019, the GNTA said. In the first five months of 2022, revenues from international tourism reached $840 million, up by 374.5% YoY…