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Tag Archives: economy

Economist Evaluates the year of 2015 for Georgia’s Economy

beso namchavadze

GDP rose by 2.8% (averaged indicator for January to October period in 2015) after 4.5% upturn in 2014. Foreign direct investments declined by 17% to 1.019 billion USD (the January to September indicators), foreign trade plunged by 14%, while international tourism turnover rose by about 7% – these indicators reflect …

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Mikheil Dundua Reviews the Year of 2015 in Georgian Economy

Mikheil Dundua

Mikheil Dundua an economic expert for the 20/30 civil organization reviews the year of 2015 in Georgian economy.  The 2015 economic indicators should be considered a real success and maximum available achievement amid the current economic realities in the region, Mikheil Dundua told the CBW. The outgoing year brought many problems …

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Tourism Sector Greets 2016 With a Positive Outlook

The National Tourism Administration positively appraises the 2015 tourism season. The administration head Giorgi Chogovadze assures the 2015 report will register record figures. The administration will continue campaigns for attracting foreign tourists in 2016. The next year Georgia will host the first international wine conference that is organized bye the …

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IMF and Georgia Agree on 2016 Economic Policy

IMFIMF

The Mission of the International Monetary Fund was on its two-day working visit to Georgia. During the visit, the IMF Mission and Georgian Government agreed on the basic parameters of the economic policy for 2016. Head of the IMF Mission Mark Griffiths told reporters that very productive meetings and negotiations were …

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Reform of Digital Broadcasting Accomplished Successfully

digital broadcasting

The Digital Broadcasting Agency of the Ministry of Economy and Sustainable Development of Georgia summed the digital broadcasting reform at the special conference held at the Courtyard Marriot Hotel.The presentation was attended by the Georgian authorities, representatives of the European Union, EBRD, USAID, the Consulate of China, non-governmental organizations, representatives …

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Inflation Trends Intensify

Inflation Georgia

National Bank Keeps Raising Monetary Policy Rate to Curb Inflation, but in Vain. In October 2015, Georgia’s inflation rate marked 5.8% as compared to the same period of 2014. The inflation rate made up 0.8% compared to September 2015. The annual inflation upturn has more hit regions than the capital …

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Georgia’s Monthly Inflation Reaches 0.8%; Annual Rate Equals 5.8%

Georgia’s monthly inflation rate is slightly dropping while the annual inflation rate is on the rise following price changes to several major commodities in the consumer basket. Georgia’s National Statistics Office, Geostat, released latest information about the country’s monthly and annual inflation rates; the October 2015 monthly inflation rate reached …

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Tbilisi Silk Road Forum: Objectives and Benefits

Silk Road Forum Tbilisi

Tbilisi Silk Road Forum was attended by delegations of 31 countries; authorities of 20 international, finance and donor organizations. Tbilisi held its first Silk Road Forum on October 15-16. The Georgian PM Irakli Garibashvili was the main initiator of the Forum. Garibashvili conceived the idea of creating a forum highlighting …

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