GEORGIAN SIDE HOPES TO START SOON ACTIVE NEGOTIATIONS ON NEW IMF PROGRAM

Within the framework of the annual autumn meeting of the IMF and the World Bank, Georgia’s Finance Minister Lasha Khutsishvili met with the IMF deputy managing director Bo Li, who replaced Tao Zhang on this post. The meeting in a virtual format took place on October 13, reported Georgian Finance Ministry. More...

GEORGIA DEVELOPED 10-YEAR ECOTOURISM DEVELOPMENT STRATEGY

Georgian Ministry of Economy and Sustainable Development declared about development of a 10-year strategy for development of ecotourism in the country. The document was signed on October 14 by Natia Turnava, Minister of Economy and Sustainable Development, and Levan Davitashvili, Minister of Environment and Agriculture. More...

“SAKSTAT” STARTED CALCULATION OF FOREIGN TRADE UNIT VALUE INDICES

Sakstat declared about start of calculation of the Foreign Trade (Import-Export) Unit Value Indices.

Georgian statistics service noted that calculation of the indices is envisaged in the action plan for 2021-2023 under the Free Trade Agreement with the EU. More...

IN 2020, REVENUES OF FINANCIAL SERVICES COMPANIES INCREASED BY 6.4%

Sakstat reported that declared incomes of Georgian companies, engaged in financial services, totaled in 2020 to 5.8 billion lari. If compared with 2019, the volume has increased by 6.4%. More...

ASSETS OF NON-FINANCIAL CORPORATIONS INCREASED BY 17.8% IN 2020

Referring to conducted research, Sakstat said that assets of Georgian non-financial corporations totaled at the end of 2020 to 94.5 billion lari. If compared with 2019, the volume has increased by 17.8%. More...

“COCA-COLA BOTTLERS GEORGIA GROUP” FINISHED 2020 WITH LOSS

JSC Coca-Cola Bottlers Georgia Group reported loss of 9.9 million lari for 2020. In 2019, the company had profit of 10.9 million lari. More...

IN 2020, PROFIT OF “TEGETA MOTORS” INCREASED 2.3 TIMES

LLC Tegeta Motors (car dealer) reported net profit of 16 million lari for 2020. If compared with 2019, the volume has increased 2.3 times. More...

“TBILISI CENTRAL” FINISHED 2020 WITH LOSS

JSC Tbilisi Central (shopping mall on the territory of Tbilisi railway station) reported loss of 4.1 million lari for 2020. If compared with the results of 2019, a net profit of 2.08 million lari was recorded. More...

Netgazeti.Ge: ““THERE WAS A RISK THAT MONEY WOULD NOT TRANSFERRED TO US” – KAKAURIDZE ON THE EU LOAN REFUSAL”

Giorgi Kakauridze, Georgia’s First Deputy Finance Minister, points that in order to receive macro-financial assistance from the EU, Georgia had to implement 10-12 reforms. He says that all of them were implemented, except for part of the judicial system. More...

Forbes Georgia: “IN TERMS OF ECONOMIC GROWTH RATE, GEORGIA IS ON THE 18^TH PLACE IN THE WORLD”

IMF forecasts that Georgia’s economy in 2021 will grow by 7.7% after reduction of 6.2% in 2020. In terms of growth, Georgia ranks the 18^th among 193 countries of the world, the magazine reports. More...

Rezonansi: “INTRODUCTION OF STRICT RESTRICTIONS WILL BE FOLLOWED BY ECONOMIC COLLAPSE”

In recent days, number of COVID-19 new cases in Georgia has reached already a very high level – 5,000 per day, while rate of test positivity has jumped from 4% to 8-10%.

Zviad Kirtava, head of healthcare direction at analytical organization Geocase, says that when only 31% of the population is fully vaccinated, it is not surprising that number of cases has been increased since September, against the background of increased mobility. More...

Rezonansi: “17% OF THE POPULATION ARE IN HOPE OF LIVING ALLOWANCE”

Institute for Development of Freedom of Information (IDFI) reported that since start of the COVID-19 pandemic, number of Georgians receiving a living allowance increased by 44.12%.

In particular, number of beneficiaries totaled to 622,923 as of August, making up 16.7% of Georgia’s population. More...

POULTRY SECTOR IN GEORGIA

The poultry sector in Georgia enjoyed stable growth between 2007 and 2020 (i.e. since the global outbreak of bird flu had abated in 2006). The sector is the only agricultural sector to contribute VAT payments to the Georgian economy. More...