Georgia: average salaries up in Q4 2021

Average monthly earnings in Georgia increased by 149.1 GEL ($46.5 or EUR 42) in the fourth quarter of 2021, by 11.3% YoY, and amounted to 1,463.8 GEL ($456.5 or EUR 412.7), data from the National Statistics Office of Georgia (Geostat) showed. The highest monthly earnings were observed in the following fields: financial and insurance activities…

Georgia: Finance Minister and ADB officials discuss structural and economic reforms

Reforms planned in state-owned enterprises, energy market development, energy security and development of human capital were in the focus of a meeting between Lasha Khutsishvili, the Georgian Finance Minister, Yevgeniy Zhukov, the Director General for Central and West Asia of the Asian Development Bank (ADB) and Shane Rosenthal, the ADB Country Director for Georgia. During…

Georgia: money transfers up in February 2022

Remittances to Georgia from abroad reached $183.4 million in February, up by 13.7% YoY, the National Bank of Georgia (NBG) announced on March 15. The largest remittance senders were in Italy ($32.96 million), Russia ($21.94 million) and the United States ($21.10 million), the data also showed. Overall, a vast majority – 93.1% – of all…