IN 2023, GEORGIAN POPULATION DECREASED BY 1.1%

As of January 1, 2024, the population of Georgia made up 3.69 million people, Sakstat reported. If compared to January 1, 2023, the population size has decreased by 1.1%, Georgian statistics service noted. More...

IN 2023, NUMBER OF PERSONS LEAVING GEORGIA FOR TEMPORARY OR PERMANENT RESIDENCE ABROAD INCREASED BY 95.6%

In 2023, 245,064 people left Georgia for permanent or temporary residence abroad, Sakstat reported. If compared to 2022, the number has increased by 95.6%, Georgian statistics service noted. More...

PRIME MINISTERS OF GEORGIA AND HUNGARY DISCUSSED ISSUES OF COOPERATION

During his visit to Hungary, Georgia’s Prime Minister Irakli Kobakhidze met with his Hungarian counterpart Viktor Orban on April 25.

As administration of the Georgian government said, the parties discussed positive results achieved in recent years in terms of partnership development. More...

AS OF MARCH 31, IN TOTAL DEPOSITS, PLACED IN GEORGIAN BANKS IN FOREIGN CURRENCY, USD ACCOUNTED FOR 78.6%, EUR – 19.7%

As of March 31, deposits equivalent to 27.24 billion lari were placed in Georgian banks in foreign currency, increasing by 12.5% year-on-year, National Bank of Georgia reported.

In total volume, deposits placed in US dollar accounted for 78.6%, or equivalent of 21.4 billion lari (year-on-year growth – 9%). More...

AS OF MARCH 31, LONG-TERM CONSUMER LOANS ISSUED BY GEORGIAN BANKS IN FOREIGN CURRENCY INCREASED BY 27.7% Y-O-Y, SHORT-TERM ONES – 3 TIMES

As of March 31, long-term consumer loans issued by Georgian banks in foreign currency totaled to equivalent of 1.1 billion lari, National Bank of Georgia reported. If compared to the same period of 2023, the volume has increased by 27.7%. More...

AS OF MARCH 31, LONG-TERM CONSUMER LOANS ISSUED BY GEORGIAN BANKS IN LARI INCREASED BY 25.9% Y-O-Y, SHORT-TERM LOANS – BY 25.3%

As of March 31, long-term consumer loans issued by Georgian banks in lari totaled to 8.75 billion lari, National Bank of Georgia reported. If compared to the same period of 2023, the volume has increased by 25.9%. More...

TRANSPORT MOVEMENT OPENED ON ZESTAPONI BYPASS ROAD

Zestaponi bypass road was opened for transport movement today, Georgian Roads Department reported.

According to the Department, a 4-lane cement-concrete road section with a length of 9 km has 4 tunnels and 11 bridges. More...

ADC TO FINANCE PROJECT ON INCLUSIVE RURAL DEVELOPMENT AND SUSTAINABLE AGRICULTURE IN GEORGIA

With financial support from the Austrian Development Cooperation (ADC), Georgian Ministry of Environment Protection and Agriculture and the UN Food and Agriculture Organization (FAO) are launching a new project in Georgia.

The project “Inclusive Rural Development and Sustainable Agriculture” worth 4 million EUR will be implemented during 4 years, the Ministry reported. More...

Bankebi da Finansebi: “WHAT PLACE GEORGIA OCCUPIES BY AVERAGE SALARY?”

According to the rating of the Numbeo database, Georgia ranks 71^st among 96 countries in terms of average salary. The average monthly salary after taxes in Georgia amounts to 1,300 lari. More...

Forbes Georgia: “SANCTIONS AGAINST IVANISHVILI AND REVISION OF VISA-FREE REGIME – WHAT IS WRITTEN IN THE RESOLUTION OF THE EUROPEAN PARLIAMENT?”

The resolution supported by the European Parliament puts on hold negotiations on Georgia’s accession to the EU until Georgian authorities do not withdraw the bill “On Transparency of Foreign Influence” (the so-called “Russian Law”).

The bill, which was adopted by Georgian Parliament in first hearing on April 17, triggered eruption of mass protests in the country. More...

Forbes Georgia: “WITH SUPPORT OF “SAKARTVELOS BANKI”, “ADJARA COLLECTIVE” IS IMPLEMENTING THE RADIO CITY PROJECT”

With the support of Sakartvelos Banki (Bank of Georgia), Adjara Collective is implementing a project to arrange an innovative and multifunctional space on the territory of 16 ha in Tbilisi (Gldani-Mukhiani district).

Development of the so-called “Radio City” (the name has been preserved since the time when it was planned to build a radio plant on this territory) began in 2023, and the first stage of the project will be completed in this September. More...

AVERAGE HOTEL PRICES AND HOTEL PRICE INDEX IN GEORGIA (MARCH 2024)

In Georgia, the average cost of a room¹ in a 3-star hotel was 153 GEL per night in March 2024, while the average cost of a room in a 4-star hotel in Georgia was 247 GEL per night and the average cost of a room in a guesthouse² was 133 GEL per night.

The average cost of a room in a 5-star hotel in Georgia in March 2024 was 449 GEL per night. More...