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…
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 has never considered and will not consider construction of a road connecting Georgia with Russia’s Chechnya republic, the Ministry of Regional Development and Infrastructure said in response to media reports on March 17. The ministry made the comment following reports on a Russian Security Council discussion of a road project connecting Georgia to the…
The National Bank of Georgia (NBG) has denied the information on an alleged termination of financial transfers from European countries to Georgia, calling it a “lie and an attempt to mislead the citizens”. A statement by the bank said the rumour followed information from a single Swedish bank about termination of transactions to Georgia, and…
About 1.2 million Georgian citizens aged 15 and above made 1.4 million monthly visits within the country in 2021 with a total expenditures amounting to 226 million GEL ($70 million or EUR 63.7 million), the latest data published by the National Statistics Office of Georgia (Geostat) showed. In 2021, the monthly average number of domestic…
A total of 10.9 million GEL ($3.3 million or EUR 3 million) was spent on hotel service expenditures across Georgia between the pandemic outbreak and March 1 for using the spaces for quarantine The information, provided by the Georgian National Tourism Administration, also showed up to 198,007 people were provided with hotel services before the…
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…