The Georgian government will subsidize the 2021 grape harvest due to an excess grape yield this season and the post-pandemic situation in order to financially support farmers, Prime Minister Irakli Garibashvili has announced. Garibashvili stated that the price of 1 kg of the Rkatsiteli wine variety would not be less than 90 tetri, noting that…
The estimated real gross domestic product (GDP) growth rate in June equaled 18.7% YoY and 12.7% in January-June , the preliminary data of the National Statistics Office of Georgia (Geostat) showed. The following industries of the economy posted growth in June compared to the same period of the previous year: manufacturing, financial and insurance activities,…
Japan’s Toyota Tsusho Corporation has announced its plans to invest in Georgia’s energy sector. During an official meeting with the Economy Minister Natia Turnava, the Toyota Tsusho delegation expressed its special interest in the production of the so-called green hydrogen. “Toyota Group has been present on the Georgian market for years. However, it is possible…
Georgia exported 19 tons of peaches and nectarines worth $17 million from May 1 to July 25, up by 6.3 tons YoY, the Ministry of Agriculture reported. The value of export has increased by $5.9 million. Georgian peaches and nectarines were mainly exported to: Russia (11,935 tons), Armenia (5,872 tons), Azerbaijan (269 tons), Ukraine (493…
The Construction Cost Index (CCI) decreased by 1.6% in the first quarter of 2021 compared to the previous quarter, the National Statistics Office of Georgia (Geostat) reported. The change was mainly due to a 19.7% decrease in average monthly nominal wages of employees in the construction sector, which contributed -6.05% to the total index change.…
Prime Minister Irakli Garibashvili has stated that the government has no plans to reimpose coronavirus restrictions “because the state economy will not withstand them”. He stated at a governmental meeting that the authorities had decided to “manage the epidemiological situation in the country rather than impose lockdown and other restrictions”. Garibashvili has urged the public…
In about 10 years construction of all highways will be completed in Georgia, households across the country will have unfettered access to water supply, all municipal landfills will be replaced by modern regional centers, regions will be socially and economically developed, municipalities will be strengthened and their capacities will increase, Infrastructure Minister Irakli Karseladze has…