A free trade deal signed between Georgia and Hong Kong this June will be sent to the Parliament of Georgia for ratification, the Prime Minister of Georgia Mamuka Bakhtadze announced. “The most important priority of our economic strategy is to better integrate Georgia into the global economy. I want to remind you that we are…
About 155 tons of grapes have been picked in Georgia’s western Racha region as of September 30. This year 1,500 tons of Mujuretuli and Aleksandrouli grape varieties are expected to be harvested in Racha. 29 wine companies are involved in the grape harvesting process in Racha. Meanwhile, the grape harvest is coming to an end…
Georgia’s economy grew by 4.8% YoY in the first eight months of 2018, announced the National Statistics Office of Georgia (Geostat). The estimated real gross domestic product (GDP) growth rate in August was 2%, Geostat said. Last month the estimated real growth, compared to the same period of the previous year, was posted in the…
Free trade deal with the US would mean not only recognizing Georgia’s economic potential but also a political step, Prime Minister of Georgia Mamuka Bakhtadze annuonced. He said one of the audit firms out of the big four involving EY, Deloitte, KPMG and PWC, had finished technical and economic feasibility study of the US-Georgia free…
Armenia and Georgia have agreed to expand trade to $1 billion in the coming years, Prime Minister Nikol Pashinyan told a joint press conference with his Georgian counterpart Mamuka Bakhtadze. Pashinyan said the two parties needed to have a roadmap to “move towards that goal and accomplish the task”. Trade between Armenia and Georgia amounted…
The 2018 grape harvest is in full swing in Georgia’s wine region of Kakheti. This will be the first grape harvest in the last 10 years that has not been subsidized by the state. Diversified markets, increased wine exports and the number of enterprises on the market gives firm reasons to believe that the grape…
Prices of vegetables, milk, cheese and eggs have increased in Georgia, according to the latest inflation data from the National Statistics Office of Georgia (Geostat). In August the prices of food and non-alcoholic beverages increased by 1.5%, contributing 0.44% to the annual inflation. Prices increased for the following subgroups: vegetables – by 16.4% and milk,…