A new factory of Italian bread and semi-finished products, Romiveria, has opened in the Georgian capital city of Tbilisi. About EUR 1 million was invested in Romiveria, which currently employs 35 people. At the first stage the factory will produce various types of piadina, a thin Italian flatbread, and in the second stage Romiveria will…
The estimated real gross domestic product (GDP) growth rate in August amounted to 10.3% YoY and 12% in January-August, preliminary data from the National Statistics Office of Georgia (Geostat) showed. Last month the following industries of the economy posted growth compared to the same period of the previous year: manufacturing, financial and insurance activities, trade,…
Georgian and Azerbaijani Prime Ministers Irakli Garibashvili and Ali Asadov have pledged to deepen their countries’ economic ties at the inter-governmental economic commission session held in Baku. PM Garibashvili said Azerbaijan was not only a friend and a neighbour of Georgia, but one of the main strategic partners as well. “It is a great honour…
Georgia imported 17,400 tons of onions worth $5.3 million from January trough July, the National Statistical Office of Georgia reported. Most of the imports during this period fell on Turkey – 14,500 tons of onions for $4.4 million. Georgia has reduced imports of onions by 14.7% (20,4 00 tons for $6.7 million). (Trend/Business World Magazine)
Commercial banks in Georgia lent 40.07 billion GEL and received deposits of 35.41 billion GEL in August, the latest data by the National Bank of Georgia (NBG) showed. The amount of deposits increased by 0.82% MoM, while loans by 1.21%. Last month, the sum of term deposits (deposits made for a predetermined period of time)…
Georgian Prime Minister Irakli Garibashvili and his counterpart Kyriakos Mitsotakis have discussed the future prospects of Georgian-Greek cooperation and the deepening of the bilateral trade-economic ties on the sidelines of the United Nations General Assembly (UNGA) 76th session in New York. Garibashvili thanked PM Mitsotakis for his support of Georgia’s territorial integrity and sovereignty, as…
The first 2 km two-lane section of the Rikoti Highway, a mountain pass, which divides Georgia into its eastern and western parts, has been opened. Georgian Infrastructure Minister Irakli Karseladze said that currently traffic was open on two lanes of the 2 km four-lane section, while the construction of a parallel two-lane road was underway.…