A new aircraft-manufacturing plant has been opened on the territory of Tbilisi Aircraft Manufacturing, where aircraft owned by the Defense Forces of Georgia will be fully restored and repaired by Georgian specialists in accordance with modern standards, the Ministry of Defense reports. Spread over 3,000-square meter territory the new plant was opened by the Defense…
The Georgian economy is projected to contract by 6% in 2020, while in 2021 economic growth is forecast to reach 4%, says the latest edition of the World Bank’s Economic Update for the region. “In Georgia, the sharp contraction of economic output is showing signs of easing on the back of fiscal support, sustained credit…
Honey from Ninotsminda, the Samtskhe-Javakheti region has been added to the list of geographical indications. “The special quality, features and reputation of this product, which is due to the environmental conditions and human factor typical of the Samtskhe-Javakheti region, are recognized at the state level,” said the National Intellectual Property Center Sakpatenti. The Samtskhe-Javakheti region…
The volume of money transfers to Georgia in August was $184.2 million, up by 25.8% YoY, said the National Bank of Georgia (NBG). More than one-third of money transfers came in from the European Union: EU countries – $74.53 million (40.46%) and other countries – $109.68 million (59.54%). The largest countries, from which money transfers…
Georgia’s external trade turnover amounted to $7.02 billion in January-August, down by 16.7% YoY, showed preliminary data from the National Statistics Office of Georgia (Geostat). The value of exports decreased by 14.7% and reached $2.07 billion, while imports decreased by 17.5%, amounting to $4.95 billion. The trade deficit of Georgia in January-August amounted to $2.88…
Georgia has already exported 1,334 tons of hazelnuts this year – twice as much as the country exported in the same period of last year, said the Georgian Ministry of Agriculture. The major European countries to which Georgia has exported hazelnuts are: Germany – 350 tons, Italy – 289 tons, the Czech Republic – 110…
The Tourism Administration of Georgia hopes the country will soon be able to increase the frequency of international flights, notwithstanding circumstances of the pandemic, head of the agency Mariam Kvrivishvili has said. Kvrivishvili made the comment while answering questions from local media about prospective resumption of WizzAir and Ryanair airline flights from and to the…