The increased demand for the Middle Corridor transit route has positively affected the transport companies, Levan Tatarashvili, CEO at IBEX Logistics, says. According to Tatarashvili, based on the 2023 data, demand for transportation is expected to increase by 500%, in 2024 this figure will increase even more. The main task is to improve the infrastructure, … Read more
In 2023, Georgia’s foreign trade turnover amounted to 21 billion 529 million dollars. Both import and export increased during this period. According to the data of 2023, the value of goods sold in Kyrgyzstan among the largest export partners of Georgia increased by 642% (695.6 million dollars). Accordingly, the Central Asian country took the fourth … Read more
In 2023, Georgia exported goods worth $704,364 million to EU countries that is 11.6% of the total exports. As for imports, Georgia brought products worth $3.795 billion from EU countries that is 24.6% of the total imports. Top 5 import commodities are: • Light vehicles – 455,649 million US dollars • Oil and oil products … Read more
The Minister also noted “significant economic activity” had led to the high trade turnover, adding the country managed to be an “important trading platform” under conditions of a “free economic environment” despite the “global context” in 2023. Photo: Ministry of Economy Georgian Economy Minister Levan Davitashvili on Monday highlighted last year’s “new record” in the … Read more
Georgian National Statistics Service (GeoStat) summed 2023. GeoStat Executive Director, Gogita Todradze, reported the Georgian economy grew by 6.9% in 2023 based on the last 11 months’ data. Gogita Todradze pointed out that trade, construction, finance, insurance, and information and communication technologies experienced growth, whereas the procession industry declined. GeoStat Executive Director compared Georgia’s economic … Read more
Based on the economic growth data published today, we can already summarize the trends of economic growth in 2023 – first of all, I would like to note that the economy of Georgia maintains the high economic growth rate recorded in 2021-2022, and we expect that in 2023 the economy of Georgia will grow by … Read more
An agreement was signed between the Government of Georgia and the Government of the People’s Republic of China on international road transportation of passengers and cargo, which provides for the exchange of bilateral and transit transportation quotas for carriers registered in both Georgia and the People’s Republic of China. According to the data of the … Read more
The Georgian external trade turnover amounted to $19.62 billion in January-November, posting a 14.7 percent year-on-year increase. Photo: Geostat Turkey with $2.71 billion, Russia with $2.19 billion and the United States with $1.84 billion were the top trading partners of Georgia in its total external trade turnover between January and November, the National Statistics office … Read more
Georgian external trade turnover amounted to $19.62 billion in January-November. Photo: Geostat Georgian external trade turnover amounted to $19.62 billion in January-November, posting a 14.7 percent year-on-year increase, the National Statistics Office said on Wednesday. The value of exports rose by 11.1 percent and equalled $5.58 billion, while imports also grew by 16.3 percent, amounting … Read more
Aliyev also noted Georgia’s energy security was “fully protected” regardless of what happened between the “big players”. Photo: Georgian Government press office Azerbaijani President Ilham Aliyev on Wednesday lauded his country’s “close cooperation” with Tbilisi on both political level and collaborative projects, and highlighted the positive impact of the “mutually beneficial” partnership on Europe while … Read more