TBILISI, DFWatch–Georgia is facing a demographic and agricultural crisis as more than 100,000 rural residents have left villages over the last decade. Between 2014 and 2024, the rural population fell by about 6.3%, dropping from 1,591,181 to 1,490,900, reducing the share of villagers from 43% to 38% of Georgia’s total population. This exodus is so … Read more
TBILISI, DFWatch–Georgia’s economy is beginning to feel the effects of growing global instability, as analysts warn of a potential inflation risk and call for caution in the monetary policy. The National Bank decided at its June 18 meeting to keep its key refinancing rate unchanged at 8%, citing economic uncertainty. Bank officials aim to maintain … Read more
TBILISI, DFWatch–Dutch low-cost airline, Transavia, is starting to operate in the Georgian market. Tickets can currently be purchased on the company’s website for flights from late April. During the summer navigation season of 2024, the airline will fly in the Amsterdam-Tbilisi-Amsterdam direction. However, the company has a connection service, through which it is possible to … Read more
TBILISI, DFWatch – The number of remittances from Russia to Georgia in August decreased by 45.5 percent compared to last year and amounted to $60 million, although this country is still the leader and accounts for about a fifth of the total volume, according to the release published by the National Bank of Georgia on Friday. … Read more
Revenues from international visitors are at a record high this year in Georgia. According to the information published by the National Bank of Georgia, the country received $476 million in income from international visitors in July, which is almost $270 million more than the same figure of July last year. In total, the country received … Read more
A natural gas field with a volume of 16 billion cubic meters has been discovered near Tbilisi, said Giorgi Tatishvili, the head of the State Oil and Gas Agency, speaking to BMG. “To imagine, this is equal to the consumption of Georgia for 8 years,” Tatishvili said. This gas reserve was discovered by the French … Read more
TBILISI, DFWatch–Georgia expects air traffic to increase sharply as Covid-19 related restrictions on regular flights are lifted, to reach a level this month seven times what it was in August last year. By summer, the number of flights per week may reach 200, a 20-fold increase, the Minister of Economy Natia Turnava said Thursday at … Read more
TBILISI, DFWatch–At the end of a difficult year with families struggling to get through a pandemic, Georgia’s largest electricity provider announced a price hike that risks causing major discontent. On Monday, the CEO of Energo-Pro Georgia, which in 2016 controlled 62% of the country’s energy distribution, said an increase in electricity tariffs was inevitable. “The … Read more
TBILISI, DFWatch–The Georgian parliament decided Friday to declare a temporary ban on the sale of agricultural lands to aliens until a constitutional ban comes into force.
87 MPs voted in favor of the amendment to the Law on Ownership of Agricultural Land, amid fierce pressure
TBILISi, DFWatch–The number of cars in Georgia grew 8 percent in 2016, continuing a trend of steady expansion of the nation’s auto park of mostly older vehicles.
The growth in 2016 was to 1,125, which is 8 percent, with German carmakers retaining their leading positions.