The estimated real Gross Domestic Product of Georgia increased by 10.6% YoY in March, while the average GDP grew by 14.4% in the first quarter, the latest data from the National Statistics Office of Georgia showed. The largest share of GDP growth was posted in the following sectors: manufacturing, transportation and storage, electricity, gas, steam…
Strengthening governance and financial resources of the self-governing units in Georgia and the development of regions in the country are the “key strategic goals” of the 2022-2023 Action Plan for Decentralization Strategy of the Government, Levan Davitashvili, the Georgian Economy Minister, said on April 28. Following the second session of the Governmental Commission on Decentralization,…
Georgia will launch a large-scale government program for construction of public infrastructure facilities in installments, Prime Minister Irakli Garibashvili has said at a government meeting. According to the PM, the government intends to act as a guarantor to banks for construction companies, and then, within 3 to 5 years, to return the money to the…
The Energy Community Secretariat (EnCS) will focus on assisting Georgia’s renewable energy sector, electricity market and energy efficiency in 2022, Svitlana Karpyshyna, Head of the Eastern Partnership Assistance Unit at the EnCS, has said. According to Karpyshyna, this year the EnCS will monitor the transposition and implementation of EU and Energy Community acquis in Georgia,…
Turkey ($562.4 million), China ($461.9 million) and Russia ($383.3 million) were the top trading partners of Georgia in its total external trade turnover in January-March, preliminary data from the National Statistics Office of Georgia showed. Georgia’s top partners by exports in January-March were China ($220 million), Azerbaijan ($125.4 million) and Russia ($109.8 million), while the…
Georgia’s previous 80% dependence on wine exports to the Russian market has dropped to 57%, Otar Shamugia, the Georgian Agriculture Minister, has said. The minister noted the Government had been implementing projects for diversification of the wine export market with the involvement of the country’s National Wine Agency, pointing out about 12 million lari ($3.9…
Georgian wheat production in 2021 increased by 32.9% YoY, to 136,100 tons, while the production of vegetables decreased by 15.4%, to 149,000 tons, the National Statistics Office of Georgia announced. The figures were revealed by Geostat along with statistics on other cereal grains produced last year. Barley production went up to 58,300 tons (+28.4%), while…