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Tag Archives: increased

Georgian Citizens Spent 112 Million GEL Abroad in January

Georgian Citizens Spent 112 Million GEL Abroad in January

Georgian citizens spent 112 million GEL abroad. Transaction via plastic cards are increased by 23% y-o-y (01/2017 – 91 million). Envisaging exchange rate effect, the growth is 34%. GEL is strengthened by 6% against USD y-o-y. Cash withdrawals from the ATMs amount to 11 million USD from 45 million USD …

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Ferry Shipments Between Ukraine and Georgia Increased by 62.5%

Ferry shipment increased by 62.5% between Ukraine-Georgia, – administration of Ukraine’s Maritime Port publishes 6 months’ report. According to the agency, the railway-ferry line – Ilychevsky-Poti / Batumi transported 165, 6 thousand tons of cargo, which is 63.6 thousand tons i.e. which is more by 62.5% comparing to the same …

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Asian Development Bank Increased Georgian Economic Growth Forecast

Asian Development Bank Increased Georgian Economic Growth Forecast

Asian Development Bank (ADB) improved Georgian economic growth forecast. According to the new report, the bank expects Georgian economic growth of 3% this year; the previous forecast has been 2, 5%. However, GDP growth forecast is grown from 3, 5% to 4% by the next year. In the same report, ADB …

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Wine Export is Increased by 42 Percent in Georgia

Wine export keeps growing dynamic. According to National Wine Agency, as of August, 2016, 28 156 547 bottles (0,75 l) of wine are exported from Georgia to 46 countries, which exceeds by 42% comparing to the same period of the previous year. Total value of the exported wine amounts to 64,8 …

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Number of Visitors is Increased by 19.9% Through 6 Months

Number of Visitors is Increased by 19.9% Through 6 Months

2 636 313 visitors were visiting Georgia through 6 months, the growth made up 12,9% compared to the previous year. Number of tourism visits is increased by 18,1%, which has constituted 1 011 680. International visits by the pace (January-June, 2016) Visit Type 2015: 6 months 2016: 6 months Change Change …

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Bruno Balvanera: Investors’ Appetite is Increased on GEL

Bruno Balvanera: Investors’ Appetite is Increased on GEL

Bruno Balvanera, EBRD Regional Director has declared on rising trend of GEL through 8 weeks. However, he expects its maintenance. Bruno Balvanera noted with TV-company Maestro that local currency is strengthened by 2/5 through a month and half, which is important as it raises the trust. The result is clear …

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