About 200 types of Good Manufacturing Practices (GMP)-standard drugs, imported from Turkey, will be available on the Georgian market in about a month, Deputy Health Minister Ilia Gudushauri has said. The Deputy Minister noted a total of 35 types of medicines were already available on the market, with about 50 being submitted to the ministry…
Georgian external trade turnover amounted to $2.5 billion in January-February, up by 49.2% YoY, latest data from the National Statistics Office of Georgia (Geostat) showed. The value of exports in Georgia grew by 54.5% and totaled $760.4 million in the reporting period, while imports increased by 47%, reaching $1.7 billion. Trade deficit totaled $1 billion,…
The UN Industrial Development Organization (UNIDO) continues providing support to Georgia’s small and medium-sized enterprises (SMEs), the Chief of UNIDO’s Regional Coordination Division – Europe and Central Asia, Jacek Cukrowski, has said. UNIDO is working to strengthen the capacities of policymakers and other stakeholders to identify, support and develop SMEs clusters in Georgia, Cukrowski said.…
Foreign direct investments (FDI) in Georgia totaled $1.152 billion in 2021, up 2-fold YoY, the National Statistics Office of Georgia (Geostat) reported in its latest data. Geostat said an increase in equity, reinvestment of earnings and debt instruments were the main reason for the growth in FDI, with the share of reinvestment in 2021 amounting…
The current foreign exchange rates show concerns about the Georgian lari depreciation are “groundless,” Georgian Finance Minister Lasha Khutsishvili has said. Khutsishvili asserted all sources of currency inflow in the country, including export and tourism, were “functional” and “growing”. “After an intervention, today’s official exchange rate has appreciated by around 8 tetri. The situation in…
A US-Georgia free trade agreement (FTA) would have a net positive effect for both countries, Georgian Foreign Minister David Zalkaliani told Brock Bierman, an opinion contributor for the American newspaper The Hill. Bierman has recently published an article entitled “Give Georgia a free trade agreement”, in which he has called for considering building “resilience in…
The trade turnover between Georgia and Uzbekistan in January totaled $11.1 million, up by 101.8% YoY, the National Statistics Office (Geostat) reported. In particular, Georgia’s imports from Uzbekistan amounted to $2.6 million, up by 179.6%. Georgia’s exports to Uzbekistan in January 2022 amounted to $8.5 million, up by 86.8%. According to Geostat, Uzbekistan ranked 10…