The estimated real Gross Domestic Product (GDP) increased by 12% YoY in November 2021 and by 10.7% in January-November 2021, the latest data from the National Statistics Office of Georgia (Geostat) showed. The highest real GDP growth was registered in the following sectors: manufacturing, transportation and storage, arts, entertainment and recreation, trade, hotels and restaurants,…
Georgia and the United Arab Emirates (UAE) signed an agreement on starting free trade negotiation during Dubai Expo 2020, the Economy Ministry reported. Minister of Economy Natia Turnava has stated that free trade with the UAE will boost Georgian exports to that country and region. “I was on an official visit to Dubai three months…
Eurowings low-cost airlines will start operating regular flights to Georgia’s Tbilisi from German Stuttgart. The Union of Georgian Airports has been in active negotiations with Eurowings since 2017 in order to launch direct flights to Georgia. Eurowings will operate regular flights on the Stuttgart – Tbilisi – Stuttgart route from July 19, 2022. Eurowings has…
Tbilisi City Hall has announced that one-time fare for public transport will be 1 GEL instead of 50 tetri starting next year. Passengers will be able to choose the plan they want from the payment system. For a one-time trip, a passenger will have to pay 1 GEL, with which they can use bus, minibus,…
Georgian athletes have stated that Georgian sport will be left without funding if the parliament approves legislative restrictions on gambling in the country. They noted that increased taxes for the business would not allow it further sponsoring sport in Georgia and thus “will put many types of sports in a difficult situation and kill prospects…
Nominal Gross Domestic Product in Georgia equaled 15.99 billion GEL in the third quarter of 2021 and real GDP grew by 9.1%, while the GDP deflator (inflation measure) increased by 9.4% in the reporting period, preliminary data from the National Statistics Office of Georgia (Geostat) showed. The highest real GDP growth was registered in the…
German companies can provide technology and equipment for Georgia’s competitive industrial sector, the Federal Ministry of Economic Affairs and Climate Policy of Germany reported. The Federal Ministry of Economic Affairs and Climate Policy of Germany supports German companies in taking part in international trade fairs and conducting fact-finding missions, including to Georgia. “German companies are…