Georgian gross domestic product (GDP) grew by 3.8% YoY in December 2019, showed the latest data from the National Statistics Office of Georgia (Geostat). In December 2019 the estimated real growth compared to the same period of the previous year occurred in the following sectors: manufacturing, transport and storage, wholesale and retail trade; repair of…
The European Investment Bank (EIB) is allocating EUR 5,750,000 to finance road safety in Georgia, the Roads Department of Georgia has announced. The grant will be used to improve the quality and safety of Georgian transportation. Specifically, EUR 150,000 will be used for environmental and social studies, while EUR 600,000 will be spent on identifying…
Georgia temporarily suspends direct flights with China to prevent the spread of coronavirus in Georgia, the Georgian Civil Aviation Agency (GCAA) reports. The suspension of flights will be in place until March 29. Chinese aviation authorities and the airline company China Southern have already been notified about the flight suspension. Chinese airline company China Southern…
The electric car factory in Kutaisi, western Georgia, will produce its first electric car in August, State Representative in Imereti Zviad Shalamberidze has declared, adding that at that time the factory will also start producing additional components for cars. “Electric cars will be exported abroad as well as sold on the local market,” said Shalamberdize.…
Swiss chocolate company Camille Bloch intends to plant hazelnuts plantations in Georgia and also is going to use Georgian hazelnuts in the production of Ragusa, Swiss chocolate. Georgian Prime Minister Gakharia and CEO of Chocolats Camille Bloch Daniel Bloch discussed the details of the project at a meeting on the sidelines of the World Economic…
The tangerines harvest season has just ended in Georgia, and 31 thousand tons of mandarin out of 50 thousand tons were exported from the country in September-January 2019-2020, announced the Ministry of Agriculture. This year Georgia exported 5% more tangerines than in the same period of 2018. Mostly, tangerines were exported to Russia – 20…
Exports from Georgia to the EU increased by 13% YoY in 2019, and reached $825.7 million, while imports decreased by 7.4%, to $2.32 billion, showed preliminary data from the National Statistics Office of Georgia. Georgia’s top trading partners were Turkey ($1.82 billion), Russia ($1.47 billion) and China ($1.09 billion) in 2019. In 2019 the share…