The Ministry of Economy stated, that in July 2024, trade turnover rose by 13.6% year-on-year. As for January-July 2024, it increased by 1.6%. “In July 2024, the trade turnover was USD 2,102.5 million, which makes an increase of 13.6% year-on-year, and like exports, represents a record volume. In January-July 2024, trade turnover increased by 1.6% … Read more
The body added passenger traffic, including passport and customs control, through the border checkpoint with Russia had been restored in both directions. The Revenue Service of the Ministry of Finance of Georgia on Tuesday announced customs control procedures at the Kazbegi checkpoint on Georgia’s northern border with Russia had been “fully restored” after technical works. … Read more
The Georgian officials also visited the Animal and Plant Health Inspection Service, an agency of the US Department of Agriculture, where they were introduced to specifics of controls over imports of risk-factor food. Photo: National Food Agency of Georgia Kakha Kakabadze, the Deputy Minister of Environmental Protection and Agriculture of Georgia, and Giorgi Iakobashvili, the … Read more
GEOSTAT stated, that in the first half of 2024, Georgia’s external merchandise trade (excluding non-declared trade) totaled USD 10.32 million, marking a 1.8% decrease compared to the same period in the previous year. Exports amounted to USD 2.85 million, down by 6.7%, while imports slightly increased by 0.2% to USD 7.47 million. Source Link
Overall, business and investment conditions are sound, and Georgia favorably compares to regional peers. However, there is a continued lack of confidence in the judicial sector’s ability to adjudicate commercial cases independently or in a timely, competent manner, with some business dispute cases languishing in the court system for years, – reads the US State … Read more
The Ministry of Economy of Georgia on Tuesday said 500 tonnes of blueberries would be exported to the European Union and the United Kingdom as part of the Lead Generation Programme aimed at connecting domestic producers with foreign buyers and expanding international market opportunities. Photo: Ministry of Agriculture The Ministry of Economy of Georgia on … Read more
The head of the Georgian Government confirmed the readiness of Georgia to contribute to the conduct of a “constructive dialogue” in the South Caucasus region in order to “promote a safe and stable environment”. Photo: Government Administration Georgian Prime Minister Irakli Kobakhidze on Wednesday discussed cooperation with Armenia, as defined by the joint declaration on … Read more
According to the Sakstat official data, Kyrgyzstan is at the top of Georgia’s ten export countries to which exports worth $360.2 million were carried out in January-May. Kazakhstan is the second with $274.8 million, the third is Russia with $273.1 mln. The list of the top 10 largest export partner countries is as follows: • … Read more
Georgian Finance Minister Lasha Khutsishvili discussed trade, economic and investment relations as well as future cooperation prospects with a Government delegation of Slovakia. Photo: Ministry of Finance Georgian Finance Minister Lasha Khutsishvili on Tuesday discussed trade, economic and investment relations as well as future cooperation prospects with a Government delegation of Slovakia. In their meeting … Read more
External Merchandise Trade (excluding non-declared trade) of Georgia amounted to USD 8 419.9 million in January-May 2024, 2.3 percent lower year-on-year. The value of export decreased by 9.2 percent reaching USD 2 274.0 million, while the import increased by 0.5 percent and amounted to USD 6 145.9 million. The trade deficit equaled USD 3 872.0 … Read more