Georgia’s tourism revenues in 2021 amounted to $1.2 billion, up by 129.8% YoY, according to the tourism recovery review from the Galt & Taggart. The figure decreased by 62.5%, compared to 2019 ($3.2 billion), and accounted for 38.1% of the 2019 level (before the COVID-19 pandemic). Georgia’s revenues from international travel in December 2021 amounted…
Georgia’s Finance Minister Lasha Khutsishvili and the Ambassador Extraordinary and Plenipotentiary of the Republic of Azerbaijan to Georgia Faig Guliyev discussed customs cooperation issues. According to Lasha Khutsishvili, a joint trilateral customs committee established between Georgia, Azerbaijan and Turkey is a unique opportunity to coordinate high-level issues in the field of customs cooperation between the…
Georgia has exported locally produced goods worth $4.2 billion in 2021, up by 26.9% YoY, the preliminary data from the National Statistics Office of Georgia (Geostat) showed. Geostat says local exports in the country account for 73.7% of total exports, amounting to $3.1 billion, up by 29.9%. Georgia’s top trading partners were: China – $580.9…
Georgia has retained its macroeconomic stability in the region in the post-COVID-19 pandemic period, the Minister of Economy and Sustainable Development of Georgia Natia Turnava has said. Georgia’s economic growth is high, and the macroeconomic policy in the country is predictable, while the exchange rate of the Georgian lari remains stable. According to the minister,…
Georgia has been added to the list of countries that can export snails to the European Union market, the Ministry of Environment Protection and Agriculture reports. The adoption of the regulation has followed measures taken by the Georgian National Food Agency under the Deep and Comprehensive Free Trade Area (DCFTA) agreement with the EU. The…
Georgia exported about 107 million bottles of wine to 62 countries in 2021, marking a record high over the last nine years, the government revealed on January 17. Sales of Georgian wine abroad generated $250 million last year, with a total of 441 companies exporting the product to various countries. The figure contrasts with as…
Georgia will import high-quality medicines from Turkey to effect a “significant” reduction of the cost of drugs on the Georgian market, Prime Minister Irakli Garibashvili said in a government session on January 17. The PM made the announcement as an update on a recent initiative of his team to ensure a reduction of the general…