Western Georgia’s Kutaisi International Airport served 75,733 passengers in February, up by 63% YoY, the United Airports of Georgia announced on March 15. The number of flights at the airport also increased by 59%, with the facility serving 256 flights last month. Five airline companies operate flights to 28 destinations of 17 countries from the…
The downward trend of inflation in the Georgian economy will continue in case of absence of further shocks, Archil Mestvirishvili, the Vice President of the National Bank of Georgia, has said. Mestvirishvili said the domestic economy passed the peak of inflation in 2021, noting expectations were influenced by exchange rate and inflation dynamics. “Higher salary…
Seventeen units of insignificant amounts of individual state aid were issued in Georgia in 2022 for a total amount exceeding GEL 30 million ($11.63 million), the National Competition Agency of Georgia announced on March 14. The body made the report as part of its annual statistical update on the types of aid that involved granting…
Georgian external trade turnover amounted to $2.89 billion in January-February, up by 12.3% YoY, the Georgian National Statistics Office revealed on March 13. The value of exports rose by 20.3% and equalled $914.7 million, while imports grew by 9%, amounting to $1.98 billion in the reporting period. Trade deficit, a measure of the negative balance…
The specific projects were reviewed on March 9 by Georgian Prime Minister Irakli Garibashvili and Mohamed Alabbar, the founder of Emaar Properties and Chair of Eagle Hills, as well as Ahmed bin Ali Al Sayegh, the State Minister in the United Arab Emirates. The favourable business environment in Georgia and the “great potential” of the…
The cost of construction index across Georgia decreased by 5.2% in January compared to the preceding month, the National Statistics Office of Georgia said on March 9. The statistics body said the change had been mainly caused by the 23.4% decrease in the average monthly nominal salary of employees in the industry, which caused a…
The Georgian technology startup is seeing an ecosystem emerge for the field in the country, however it needs “growth, refinement and adaptation”, a new report by the Asian Development Bank shows. The report from the bank, a social development organisation with focus on Asia and the Pacific, is entitled “Georgia’s Emerging Ecosystem for Technology Startups”…