Georgia’s external trade turnover amounted to $8.67 billion in January-August, up by 22.2% YoY, preliminary data from the National Statistics Office of Georgia (Geostat) showed. The value of exports increased by 25.7% and totaled $2.60 billion, while imports increased by 20.7%, amounting to $6.07 billion. Economy Minister Natia Turnava said that exports of Georgia in…
Construction of the longest tunnel in Georgia, 9-km long and 15-m wide Kvesheti-Kobi tunnel, has begun, the Ministry of Infrastructure reports. The tunnel will be carved with the tunnel-boring machine specially made for the construction of the Kvesheti-Kobi tunnel. “This is one of the most high-tech tunneling machines in the world that helps to significantly…
Swiss chocolate producer Camille Bloch, which made a 40-million GEL investment in the Kakheti region of Georgia and planted hazelnut orchards on 50 ha of land, expects its first hazelnut harvest until 2025. Hazelnuts harvested in Georgia will be used for Camille Bloch’s famous chocolates. Georgian Economy Minister Natia Turnava met Daniel Bloch, the president…
Georgia exported 65 million bottles of wine to 59 countries in January-August, up by 19% YoY, the Georgian National Wine Agency reported. By selling wine abroad Georgia generated $145 million. Revenues increased by 13%. Exports of Georgian wine increased to the following countries: the Czech Republic (+646%, 112,236 bottles), Mongolia (+316%, 306,690 bottles), Canada (+132%,…
In order to increase the export, sale, competitiveness and awareness of Georgian wine abroad the government of Georgia has decided to co-finance marketing campaigns of wine companies in export markets except for CIS countries. Agriculture Minister Levan Davitashvili announced that the government had approved the new state program to promote Georgian wine abroad. The program…
Georgian Prime Minister Irakli Garibashvili stated that the travel time from Tbilisi to Batumi would be just three hours until 2024 after the construction of 96 bridges and 53 tunnels on the Rikoti Pass. Currently the trip takes around five-six hours. Garibashvili noted that projects of such scale and complexity had not been implemented in…
Georgian Prime Minister Irakli Garibashvili has announced that the government has decided not to take the second tranche of a EU loan as “we are trying to reduce foreign debt”. “We took a part of the loan in 2020. The second part of the EUR 75-million euro loan was not a grant and assistance, but…