GEORGIA

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

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