Georgia’s National Bank adjusts refinancing rate up to 6%

By | August 14th, 2015|Categories: Economy|Tags: , |

(National Bank.) TBILISI, DFWatch–The National Bank of Georgia further increased the refinancing rate to 6.0 percent on Wednesday. The Bank’s president, Giorgi Kadagidze, said at a briefing that increasing the refinancing rate by half a percent is a response to an increased […]

Georgian National Bank raises interest rates to deal with falling lari

By | May 7th, 2015|Categories: News|Tags: , , , |

(Interpressnews.) TBILISI, DFWatch–For the second time this year, the National Bank has increased the refinancing rate by half a percentage point. The rate now stands at 5 percent. About 8,000 people will have higher interest rate on their loans because of the change. Economic […]

47 % price hike on vegetables in Georgia

By | March 6th, 2014|Categories: Economy, News|Tags: , |

Vegetable prices had a projected annual growth of 46.6 percent in February, according to GeoStat. (DF Watch.) TBILISI, DFWatch–Vegetable prices are on course to a 46.6 % projected annual increase in Georgia, new figures from the National Statistics Department, GeoStat, show. Georgia’s monthly inflation rate was 0.2 percent in February, according to the new report. In February […]

Georgia adds guitar to consumer basket

By | February 7th, 2014|Categories: Economy, News|Tags: |

Georgia’s National Statistics Department has updated the list of items used to measure consumer prices. (DF Watch.) TBILISI, DFWatch–11 new products including a guitar have been added to Georgia’s consumer basket, and four products were removed from the list. The consumer basket is a theoretical collection of items used to define the consumer price index or inflation rate […]

Price drop for Georgian consumers

By | March 5th, 2013|Categories: Economy, News|Tags: |

TBILISI, DFWatch–The level of inflation did not significantly change in February, 2013, compared to the preceding month. According to Georgian National Statistics Department, GeoStat, the national currency is up by 0.3 percent. Price changes in the following […]

Georgia sees 8 percent growth so far in ’12

By | July 18th, 2012|Categories: In brief, News|Tags: |

TBILISI, DFWatch – Georgia’s GDP grew 1.3 percent in second quarter of 2012, compared to the first quarter and is now at 8.1 percent, according to official statistics. Georgia’s National Statistics Department points out that these are preliminary figures, […]

Inflation in Georgia – Causes and Cures

By | July 17th, 2012|Categories: Opinion|Tags: , |

In 2011 inflation can be regarded as one of the major challenges for the Georgian economy, writes Irina Guruli, program coordinator at the Economic Policy Research Center. Even though Georgia has been successful in suppressing the inflationary pressure […]

Georgia’s PM confident despite price deflation

By | May 31st, 2012|Categories: News|Tags: , |

TBILISI, DFWatch – Georgia’s Prime Minister Nika Gilauri claims that inflation indicator in May is positive and hopes that it will have positive influence on the country’s economy. Gilauri said this at a government session on Wednesday. He noted that prices have […]

Georgia sees deflation for first time in 30 months

By | March 3rd, 2012|Categories: News|Tags: |

TBILISI, DFWatch – The inflation rate fell to minus 2.1% in February, as an estimate for year as a whole. This the first deflation since August 2009. The drop is mainly due to falling prices of food and non-alcoholic beverages. According to figures released March 2 by […]

Used cars is Georgia’s export article no 1

By | January 4th, 2012|Categories: In brief, News|Tags: , |

TBILISI, DFWatch – Used cars has become Georgia’s most important export article, accounting for 21% of all exports in 2011. Second and third are ferroalloys and fertilizers. The country’s exports rose by 40% in 2011, compared to the previous year. Georgia ended the year 2011 with an average inflation level of 8.5. In 2010 and [...]