PM stresses importance of “proper” port, railway infrastructure in realising Georgia’s regional hub role

Georgian Prime Minister Irakli Garibashvili on Tuesday said while Central Asian countries agreed on the need to diversify and develop new routes, a “special attention” was paid to the transport corridor involving Georgia, in his highlighting of the importance of port, railway and other infrastructure for realising the country’s role of a regional hub. Georgian … Read more

Georgian domestic exports up 31.8% in January-November

Geostat said local exports in the country had accounted for 67.6 percent of total exports in the reporting period, amounting to $3.40 billion, 21.2 percent higher compared to the same period of 2021. Georgia has exported locally produced goods worth $5.03 billion between January-November, which is a 31.8 percent increase year-on-year, preliminary data from the … Read more

Georgian external trade up 32.2% in January-November

The value of exports rose by 31.8 percent and equalled $5.03 billion in the reported period, while imports also grew by 32.5 percent, amounting to $11.98 billion. Photo: Nino Alavidze/agenda.ge Georgian external trade turnover amounted to $17.02 billion in January-November 2022, posting a 32.2 percent increase year-on-year, the national statistics office revealed on Monday. The … Read more

Revenue Service rejects “false information” on Czech-made products being exported to Russia

The Revenue Service acknowledged imports of goods from European Union countries including the Czech Republic had increased, adding “most of the goods” included machinery, devices and primary consumer goods imported by companies and intended for local consumption, “not for re-export to other countries”. Photo: Revenue Service Georgia’s Revenue Service on Friday “categorically and with full … Read more

Georgia and Korea to start free trade talks in 2023

Georgian deputy economy minister Genadi Arveladze and Gi Wook Young, director general on free trade agreements of Korea’s ministry of trade, industry and energy, signed the declaration on the completion of the study earlier today in Seoul. Photo: ministry of economy A joint feasibility study on a free trade agreement between Georgia and South Korea … Read more

Türkiye, Russia, China Georgia’s top trading partners in January-October 2022

The value of exports rose by 34 percent and equalled $4.54 billion in the reported period, while imports also grew by 33.2 percent, amounting to $10.68 billion. Türkiye ($2.29 billion), Russia ($1.94 billion) and China ($1.52 billion) were the top trading partners of Georgia in its total external trade turnover in January-October 2022, preliminary data … Read more

Georgia’s Foreign Trade Up 33.5% in January-October

Georgia’s foreign trade turnover of goods amounted to USD 15.2 billion between January-October 2022 – a 33.5% increase as compared to the same period last year, according to the preliminary estimates released by the National Statistics Office (Geostat) on November 14. Exports grew by 34% to USD 4.54 billion, while imports increased by 33.2% to … Read more

Economy minister says Georgia can be “leader” in connecting South Caucasus, Central Asia to EU

Georgian economy minister Levan Davitashvili on Wednesday said Georgia could be a “leader” in the process of connecting the countries of the South Caucasus and Central Asian regions with the European Union. Photo: ministry of economy Georgian economy minister Levan Davitashvili on Wednesday said Georgia could be a “leader” in the process of connecting the … Read more

Georgian PM, UAE president discuss boosting trade, investments

Georgian prime minister Irakli Garibashvili and Sheikh Mohamed bin Zayed Al Nahyan, the president of the United Arab Emirates, met in Abu Dhabi on Monday. Georgian prime minister Irakli Garibashvili and Sheikh Mohamed bin Zayed Al Nahyan, the president of the United Arab Emirates, on Monday discussed cooperation between the countries and prospects of boosting … Read more

Freight turnover in Middle Corridor up by 30% – economy minister

Commenting on the route that aims to become an alternative to the long-established northern route through Russia, Davitashvili said it was “important” for the Middle Corridor to “maintain long-term competitiveness”. Photo: ministry of economy Georgian economy minister Levan Davitashvili on Friday said the freight turnover in the Middle Corridor – a fast-developing land and sea … Read more