General prices for medicines on the Georgian local market have been reduced by 60-80 percent following the import of medications from Turkey, Georgian Prime Minister Irakli Garibashvili said earlier today. The Government head said the import of medical drugs from Turkish-based producers, an initiative aimed at effecting a reduction of costs locally, had forced down … Read more
Twenty grapevine producers participated in training held at several locations in Kakheti, a traditional winemaking region of Georgia, in January. International expert Julio Prieto, specialized in phytosanitary problems of grapevines, from the Ministry of Agriculture of Spain, conducted the trainings with the support of the European Union and FAO in the framework of the EU4Business … Read more
Georgia’s foreign trade turnover in January 2022 increased by 41.2% compared to the same period last year, amounting to USD 1.1 billion, according to preliminary estimates released by the National Statistics Office (Geostat) on February 21. Exports grew by 47.6% year-over-year to USD 331.3 million, while imports increased by 38.7%, reaching USD 779.1 million. Meanwhile, … Read more
Georgia’s foreign trade turnover in January 2022 increased by 41.1% compared to the same period last year, amounting to USD 1.1 billion, according to express data released by the National Statistics Office (Geostat) on February 14. Exports grew by 47.6% year-over-year to USD 331.3 million, while imports increased by 38.5%, reaching USD 778.1 million. Meanwhile, … Read more
Georgia exported 5,3 million bottles of wine to 35 countries in January 2022, 51 percent more compared to the same period from last year, the Ministry of Agriculture and Environmental Protection announced on Tuesday. The exports generated $11.6 million from the sale of wine abroad in January, marking an increase of 43 percent, according to … Read more
The Consumer Price Index in Georgia increased by 1.1 percent in January 2022 compared to the previous month, while the annual inflation rate stood at 13.9 percent, the latest inflation data of the National Statistics Office of Georgia (Geostat) shows. With regard to annual core inflation, [excluding food and non-alcoholic beverages, energy, regulated tariffs, transport], … Read more
According to the Ministry of Agriculture of Georgia, from August 1, 2021, to January 23, 2022, 18.4 thousand tons of hazelnuts were exported from Georgia, the value of which amounted to $84.5 million. According to the Ministry, compared to the same period of the previous year, the volume of exported hazelnuts increased by 4.0 thousand … Read more
Revenue from wine exported from Georgia last year was equal to $250 million. According to the National Wine Agency, wine exports in 2021 were 359% higher than in 2012. In 2012, only 23 million bottles of wine were exported from Georgia, and the income received from exports amounted to $71 million, while in 2021, the … Read more
The Georgian economy is projected to grow 5.5% in 2022 and 5% in 2023, the January edition of the World Bank’s report Global Economic Prospects 2022 says. The latest data on real Gross Domestic Product (GDP) show that the Georgian economy increased by 12% in November 2021 year-on-year and by 10.7% in January-November 2021, the … Read more