Georgian external trade turnover amounted to $14.31 billion in 2021, up by 25.6% YoY, express data from the National Statistics Office of Georgia (Geostat) showed. The value of exports grew by 26.9% and equaled $4.24 billion, while imports increased by 25.1%, reaching $10 billion. The trade deficit totaled $5.83 billion, and its share in trade…
Georgia’s initiate towards Turkey to expand its pharmaceutical market for this country’s medicine is a reasonable and timely step, Business Association of Georgia (BAG) says. As Georgia’s PM Irakli Garibashvili said on January 10, this initiative would help reduce the prices of medicine on the market as well as allow for inflow of high-quality drugs…
Charter flights between Kazakhstan and Georgia continue to be operated. In particular, a flight was carried out from Nursultan, the capital of Kazakhstan, to Georgia’s Kutaisi on January 8, with 68 passengers on board. The return flight back to Kazakhstan was carried out later as well. Another flight from Kazakhstan’s Aktau was performed to Georgia’s…
The Tbilisi City Assembly has approved the Tbilisi municipal budget for 2022, which has increased by 255.115 million GEL and totals 1.305 billion GEL (about $423.9 million or EUR 374.5 million). The financial document was adopted with 35 votes in favour and five against. Deputy Tbilisi Mayor Irakli Khmaladze stated that one of the priorities…
The circulation term of Georgian Lari (GEL) banknotes issued in 1995 and 1999 expired on January 1, the National Bank of Georgia (NBG) reported. Banknotes of all GEL denominations issued since 2002 are legal tender across the country. “All legal entities and individuals are obliged to receive and pay with these banknotes without any problems,”…
Georgia’s imports from Azerbaijan from January through November 2021 amounted to $509 million, the National Statistics Office (Geostat) reported. According to Geostat, the current figure increased by 12.7%, compared to $451.6 million over the same period of 2020. Top-5 exporting goods from Azerbaijan to Georgia were fuels and lubricants – $340.9 million, industrial supplies –…
Georgia’s exports to Azerbaijan from January through November 2021 totaled $488.3 million, the National Statistics Office (Geostat) reported. According to Geostat, the current figure increased by 22.2%, compared to the same period of 2020 ($399.6 million). Top-5 exported commodities from Georgia to Azerbaijan: transport-related equipment – $248.3 million, industrial supplies – $85.4 million, food and…