Georgia: external trade up in January-February 2022

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,…

Georgia: UNIDO continues providing support to SMEs sector

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.…

Georgia: foreign exchange rates prove concerns about Lari “groundless”

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…