Georgian Prime Minister Irakli Garibashvili has stated that the government plans to invest 100 million GEL (about $32,292,440 or EUR 28,577,144) in the development of Georgian basketball. During a meeting with Georgian Basketball Federation President Paata Guraspauli, Garibashvili noted that the launch of a basketball development program for the “popularization of basketball” was also on…
The Georgian government has plans to decrease the country’s external debt to 51.1% of the Gross Domestic Product (GDP) next year, Prime Minister Irakli Garibashvili has announced. Georgia’s external debt amounted to 58.66% of GDP in 2020, nearly 29.3 billion GEL, which increased to a critical 60% of GDP this year. Garibashvili said that Georgia…
The Consumer Price Index in November grew by 0.6% MoM, while the annual inflation rate in Georgia stood at 12.5%, the latest inflation data of the National Statistics Office of Georgia (Geostat) showed. “With regard to the annual core inflation, excluding food and non-alcoholic beverages, energy, regulated tariffs and transport, prices increased by 6.1%, while…
A total of 14,600 tons of Georgian hazelnuts have been exported from August 1 to November 28 valued at $66.8 million, the Georgian Agriculture Ministry announces. In January-October, the export of Georgian hazelnuts and other nuts increased by 31.1% YoY, the National Statistics Office of Georgia (Geostat) reported. Georgian hazelnuts were exported to the following…
Prime Minister Irakli Garibashvili stated that the economic growth in Georgia in October amounted to about 7%, while growth in the past 10 months totaled 10.5%, calling it “unique, unprecedentedly high growth across Europe”. He also said several days ago that the gross domestic product in Georgia would reach a historic high in January 2022…
The three western Georgian cities of Kutaisi, Poti and Zugdidi will receive 30,000 euros each to develop a cultural development strategy with grants form EU4Culture. The Georgian cities were selected among a total of 14 non-capital cities and towns from five Eastern Partnership (EaP) countries: Armenia, Azerbaijan, Georgia, Moldova and Ukraine. At a final stage,…
Georgian Deputy Foreign Minister Alexandre Khvtisiashvili, who is on an official visit to Qatar, has spoken of “bilateral cooperation in various fields and mutual support” with Dr. Ahmad Hassen Al-Hammadi, Secretary General of the Ministry of Foreign Affairs of Qatar. During the meeting the parties have pledged to deepen trade and economic ties between Georgia…