TBILISI, DFWatch–There was 34 percent less direct foreign investment in Georgia in the first quarter of 2015 than in the same period last year.
According to preliminary figures from the Georgian National Statistics Department, GeoStat, the amount of foreign investments in the first quarter was
TBILISI, DFWatch–After a period of depreciation, Georgia’s national currency, lari, has started to stablize. The government has cancelled plans to drastically cut the budget.
According to data from the National Bank, one USD is today worth 2.3234 laris. Due to the
TBILISI, DFWatch–The International Monetary Fund (IMF) has further reduced its economic growth outlook for Georgia.
According to the new IMF forecast for 2015 and 2016, Georgia will have 2 percent economic growth in 2015 and 3 percent in 2016, while
TBILISI, DFWatch–The government in Georgia is preparing to drastically cut the state budget to deal with a 30 percent reduction in value of the national currency.
Presenting the plans Monday, members of the ruling coalition said the budget will be cut by 500
TBILISI, DFWatch–Money transfers to and from Georgia fell by 24.4 percent in April 2015, compared to same month in the year before.
According to the National Bank, the amount of money transfers last month was USD 91.1 million, which was USD 29.4 million less than
TBILISI, DFWatch–Georgia’s foreign trade turnover in the first four months of 2014 was 13 percent less than in the same period last year, according to preliminary figures published by the National Statistics Department, GeoStat.
The turnover totaled USD 3,015
TBILISI, DFWatch–China has gifted 245 units of tractors and other machinery to Georgia. The hardware, which also includes bulldozers, excavators, trucks and off-road vehicles, is worth about USD 10 million.
Accepting this gift from one of Georgia’s top trading
TBILISI, DFWatch–Georgia’s wine export was reduced by 58 percent in the first four months of 2015, compared to the same period last year. The reason is less sales to Russia (-76 percent) and Ukraine (-57 percent).
From January through April, Georgia exported wine
TBILISI, DFWatch–The European Bank for Reconstruction and Development (ERBD) has announced a new 45 million euros program to support women entrepreneurs in eastern European countries including Georgia.
The program is called ‘Women in Business’ and will involve ERBD
TBILISI, DFWatch–Several low cost airlines are looking to enter the Georgian market, according to the Ministry of Economy.
Prospective new carriers include Ryanair, EasyJet, Air Berlin, and the Greek company Ellinair.
According to the ministry, Ellinair applied to the