Georgian external trade turnover amounted to $2.5 billion in January-February, up by 49.2% YoY, latest data from the National Statistics Office of Georgia (Geostat) showed. The value of exports in Georgia grew by 54.5% and totaled $760.4 million in the reporting period, while imports increased by 47%, reaching $1.7 billion. Trade deficit totaled $1 billion,…
Data from Statistics Estonia and the Bank of Estonia suggested Estonia’s services exports grew by 79% YoY, while imports of services fell by 23% in the fourth quarter of 2021. In all, exports of services grew by 47% and imports by 28% compared to 2020. In the fourth quarter of 2021, Estonia’s exports of services…
The UN Industrial Development Organization (UNIDO) continues providing support to Georgia’s small and medium-sized enterprises (SMEs), the Chief of UNIDO’s Regional Coordination Division – Europe and Central Asia, Jacek Cukrowski, has said. UNIDO is working to strengthen the capacities of policymakers and other stakeholders to identify, support and develop SMEs clusters in Georgia, Cukrowski said.…
The Government puts the economy on a war footing and takes all necessary steps to do so. “Together with the whole world, we continue to forge our victory. For this purpose, Ukraine is switching to a war economy. Energy security and operation of critical infrastructure. Defense-industrial complex. Agro-industrial complex. Logistics. The successful operation of these…
Foreign direct investments (FDI) in Georgia totaled $1.152 billion in 2021, up 2-fold YoY, the National Statistics Office of Georgia (Geostat) reported in its latest data. Geostat said an increase in equity, reinvestment of earnings and debt instruments were the main reason for the growth in FDI, with the share of reinvestment in 2021 amounting…
Trade in Estonia grew by a third YoY in January, significantly boosted by a rise exports and imports and higher prices for mineral fuels and electricity, state agency Statistics Estonia reported. In January, Estonia’s exports of goods increased by 35% and imports by 36%. Exports of goods in January amounted to EUR 1.6 billion and…
The current foreign exchange rates show concerns about the Georgian lari depreciation are “groundless,” Georgian Finance Minister Lasha Khutsishvili has said. Khutsishvili asserted all sources of currency inflow in the country, including export and tourism, were “functional” and “growing”. “After an intervention, today’s official exchange rate has appreciated by around 8 tetri. The situation in…