Georgian Finance Minister Lasha Khutsishvili on April 4 reviewed the Government’s cooperation with the Asian Development Bank and projects supported by the ADB in the public sector of Georgia in a meeting with its officials. The Ministry of Finance said the meeting involved Xiaohong Yang, the ADB Deputy Director General for Central and West Asia,…
Economy Minister Levan Davitashvili on April 1 highlighted the growing dynamics of trade turnover between Georgia and Uzbekistan in the post-pandemic period, in a meeting with Jamshid Khodjaev, the Uzbek Deputy Prime Minister. Davitashvili said the trade turnover between the countries increased by 40% in 2022, with exports increasing to 30%, and emphasised the importance…
The Georgian economy grew by 5.8% in February and by 7.1% in the first two months of 2023, data published by the National Statistics Office of Georgia on Friday showed. The estimated real growth, compared to the same period of the previous year, was observed in construction, financial and insurance activities, trade, transportation and storage.…
The Business Association of Georgia on March 30 published the results of a survey that said 63% of its member companies planned to increase the volume of their investments this year. Carried out in the first quarter of the year, the survey also saw 28% of the member companies say they would keep investment levels…
Georgian Deputy Economy Minister Irakli Nadareishvili on March 29 said increasing the effectiveness of the small and medium-sized business sector was a “priority direction” of the Georgian Government’s economic policy. Participating in the review of the initial assessment of Georgia in the updated ranking of the SME Policy Index by the Organisation for Economic Co-operation…
The National Bank of Georgia on March 29 said even though inflation was “still high” in the country, the trends were following a “downward trajectory”, with the numbers expected to remain below the “target level” in the second half of the year. Statistics showed headline inflation decreased to 8.1% last month, while core inflation dropped…
Malkhaz Dolidze, the Head of the Georgian Bread Manufacturers Union, on March 28 said prices of the product in Georgia were not expected to increase, and added efforts were actually being made to bring them down. Dolidze told a press briefing the price of a sack of flour had decreased by about GEL 10-15 ($3.88-5.83)…