The National Bank of Georgia on Wednesday provided an update of the current situation and macroeconomic indicators in the banking and financial sectors of the country by releasing updated figures in inflation, import and other data. The National Bank of Georgia on Wednesday provided an update of the current situation and macroeconomic indicators in the … Read more
Georgian Deputy Economy Minister Guram Guramishvili on Monday announced a successful pilot shipment from China through the Middle Corridor logistics route, and said the development marked his country’s emergence as a “significant player in the global supply chain”. Photo: Ministry of Economy Georgian Deputy Economy Minister Guram Guramishvili on Monday announced a successful pilot shipment … Read more
The Georgian Ministry said the meeting with the delegation also featured Ekaterine Guntsadze, the country’s Deputy Finance Minister. Photo: Finance Ministry Georgian Finance Minister Lasha Khutsishvili on Wednesday discussed economic and trade cooperation with China with a visiting delegation of the country’s Export and Import Bank state policy bank. The meeting comes as part of … Read more
In the period of January-April 2024, the export of goods from Georgia decreased by 10.1%. In the first 4 months of this year, the share of the ten largest export partner countries in the total export of Georgia amounted to 79.8%. The ten largest partner countries are: Kyrgyzstan – $291.5 million, growth – 102.4%; Russia … Read more
In the first quarter of 2024, Azerbaijan became the 5th main trading partner of Georgia. Azerbaijani media reports based on the data of the National Statistics Service of Georgia. In the reporting period, Georgia imported goods and products worth $208.84 million from Azerbaijan that is 14.5% less compared to last year. Georgia’s export to Azerbaijan … Read more
GEOSTAT notes that in the previous 4-month foreign trade express data, imports increased by 0.3%, while exports decreased by 10.1%. In the period of January-April 2024, the foreign trade turnover with goods in Georgia amounted to $6 billion 563 million, which is 2.7% less than the corresponding indicator of 2023. Source Link
Mariam Kvrivishvili, the Deputy Minister of Economy of Georgia and Sven Giegold, the State Secretary of the German Federal Ministry of Economics and Climate Protection, discussed cooperation. Photo: Ministry of Economy Mariam Kvrivishvili, the Deputy Minister of Economy of Georgia and Sven Giegold, the State Secretary of the German Federal Ministry of Economics and Climate … Read more
On April 19, the National Statistics Service of Georgia (Geostat) published preliminary data indicating that in January-March 2024, Georgia’s foreign trade decreased by 6.5% compared to the same period of 2023, totaling $4.699 billion in value. In January-March 2024, exports from Georgia decreased by 9.3% to $1.326 billion, while imports lowered by 5.3% to $3.373 … Read more
Buyers from France, the Netherlands and the United Kingdom have visited about 20 Georgian enterprises as part of a programme that supports establishment of export market connections and is implemented by the Enterprise Georgia, the state agency promoting entrepreneurship, investment and exports. Photo: Enterprise Georgia Buyers from France, the Netherlands and the United Kingdom have … Read more
Georgian and South Korean officials on Tuesday held negotiations on a free trade agreement in Seoul with prospects of strengthening trade and economic ties between the two countries and increasing exports of Georgian products to the Korean market, the Georgian Ministry of Economy said. Genadi Arveladze, the Deputy Economy Minister, said the discussions would accelerate … Read more