Aug
31
July GDP Growth 3% – Preliminary Data
Georgia’s real GDP grew 3% year-on-year in July, according to preliminary data released by the state statistics office Geostat on Monday.
Georgia News
Aug
25
GEL Continues to Slide
The Georgian currency, lari (GEL), fell on Tuesday to its weakest against the U.S. dollar in 16 years and five months, slipping from 2.364 to 2.4161, according to central bank’s official exchange rate set for Wednesday.
Aug
25
PM Says ‘No Fundamental Problems’, Blames ‘Stir’ for GEL Depreciation
The recent further weakening of the Georgian currency, lari (GEL), is a result of a “stir” caused by statements by “irresponsible experts and politicians”, who predict even more depreciation of the GEL, PM Irakli Garibashvili said at a government meeting on Tuesday morning.
Aug
22
Asian Infrastructure Investment Bank Founding Members to Meet in Tbilisi
Founding members of the China-initiated Asian Infrastructure Investment Bank (AIIB) will hold a two-day meeting in the Georgian capital Tbilisi next week to discuss establishment and operation of the bank.
Aug
18
Goal-Fest UEFA Super Cup Match in Tbilisi
Barcelona won its fifth UEFA Super Cup in 5:4 extra-time win over their La Liga rivals Sevilla at Boris Paichadze Dinamo Arena Tbilisi.
Aug
18
Russia’s Extended List of Sanctioned Countries Leaves Out Georgia
Russia said it did not add Georgia to the extended list of countries subject to a food products import ban because “measures taken by the Georgian leadership towards Russia are insignificant.”
Aug
17
Geostat: 2014 FDI USD 1.75 bln
Foreign direct investment in 2014 increased 86.6% year-on-year to USD 1.75 billion, the biggest inflow since 2007, according to final figures released by the state statistics office, Geostat, on Monday.
Aug
12
C.Bank Increases Key Rate to 6%
The National Bank of Georgia raised its key refinancing rate by 50 basis points to 6% on August 12, citing “increase in the inflation expectations”.
Aug
09
Georgian MPs Visit Iran
Iran nuclear deal is opening a “new chapter”, which will also help to expand political and economic cooperation between Tehran and Tbilisi, Iranian Parliament speaker Ali Larijani said at a meeting with a group of Georgian lawmakers on Sunday.
Aug
08
On War Anniversary Georgian Leaders Speak of Peace, Reunification
On the seventh anniversary of the August 2008 war, PM Irakli Garibashvili said “peace has no alternative” and Georgian President Giorgi Margvelashvili said that “occupation lines” will eventually crumble and the country will be reunited through “reconciliation”.
