TBILISI, DFWatch–Foreign trade turnover in January-July 2013 fell by 2 percent compared to the same period in 2012, according to preliminary data from Georgia’s National Statistics Department, GeoStat.
The total foreign trade turnover in the first seven months
TBILISI, DFWatch–Direct foreign investments in Georgia fell by almost a fifth in 2012, compared to 2011, according to data from the National Statistics Department (Geostat).
In 2012, the total amount of foreign investments was USD 912 million. This is five percent
TBILISI, DFWatch–The government in Georgia is subsidizing the grape harvest with 25 million lari (USD 15 million) in the form of cheap loans to wine companies. This is a threefold rise, compared to previous years.
Explaining the increased stimulation of the wine
TBILISI, DFWatch–The number of people who visited Georgia has increased by 26 percent in the first seven months of 2013 compared to the same period last year.
Giorgi Sigua, Chairman of the National Tourism Administration, said at a briefing that in the first seven
TBILISI, DFWatch–The president of the European Bank for Reconstruction and Development (EBRD) says Georgia’s bank sector is in ‘a very good shape’.
Sir Suma Chakrabarti, EBRD President, said in an interview with the Georgian edition of Forbes Magazine that many
TBILISI, DFWatch-Georgia and Ukraine plan to increase bilateral trade turnover to one billion USD in 2013.
This was reported by Ukrainian media after a meeting between Vice Prime Minister of Ukraine Olexandr Vilkul and Georgian Ambassador Mikhail Ukleba.
Vilkul said
TBILISI, DFWatch–A peach farmer in Georgia has cut down his plantation because the government hasn’t helped him and his colleagues deal with a slump in the market price.
When Gia Shaoshvili , a resident of the village Chumlaki in the eastern Kakheti region, carried
TBILISI, DFWatch–Georgia’s economy and finance ministries claim that data recently published by the National Statistics Department, GeoStat, showing negative economic growth is not final and will be adjusted twice.
On Wednesday, GeoStat published a report about
TBILISI, DFWatch–Davit Bakradze, the National Movement’s presidential candidate, asks Prime Minister Bidzina Ivanishvili for a meeting to discuss how to get the country’s economy out of the crisis. The PM has not yet responded.
On Wednesday, the National Statistics
TBILISI, DFWatch–The new government in Georgia is coming under fire for its economic policy.
Figures from the National Statistics Department, GeoStat, show that GDP in June was negative -0.8 percent compared to same period last year.
President Saakashvili’s party