Category: Economy

In the first two months of 2024, the trade turnover between Armenia and Georgia saw a significant decrease, amounting to a reduction of 103.2 million USD compared to the same period in the previous year. This downturn reflects a broader trend of economic challenges faced by the two nations, amidst a landscape of shifting regional dynamics and global market pressures. The Numbers Speak The statistics provided by GEOSTAT reveal a…

The Asian Development Bank (ADB) has unveiled a new Country Partnership Strategy (CPS) for Georgia, marking a significant shift towards sustainable development and regional integration. This five-year plan aims to transform Georgia into a green and inclusive regional gateway, fostering economic growth and societal resilience. A Green and Inclusive Gateway ADB’s strategy aligns with Georgia’s aspirations to become a regional hub, connecting the Caucasus with Europe and Asia. Economic Development…

In the first two months of 2024, Georgia experienced a significant decrease in local exports, which fell by 25.1% compared to the previous year. This downturn reflects a challenging period for the nation’s economy, particularly in the local sectors that contribute to the country’s export figures. The Economic Landscape The recent report from GEOSTAT indicates a troubling start to the year for Georgia’s trade. The total volume of goods exported…