2018 data: 20% of Georgia’s population under absolute poverty line
About 20.1 per cent of Georgia’s population is under the absolute poverty line, shows the latest data of 2018 poverty…
Category: Economy
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PM calls on investors to make investments in Kakheti region
An inclusive growth is the starting point for us is an inclusive growth. I think Kakheti region will become the…
Cost of first phase for Poti deep-sea port construction is USD 250 million
The construction of a new deep-sea port is starting in the city of Poti. The cost of the first phase…
NBG ‘ndash; Consumer credits keep reducing, mortgage loans – increasing
The Financial Stability Committee of National Bank of Georgia (NBG) reports that regulations set on the issuance of loans to…
April 2019: 23 billion GEL deposited, 26.7 billion GEL lent
About 23.1 billion GEL (about $8.29b/’euro;7.41b) was deposited in Georgian banks in April 2019, making for a 0.1% month-on-month decrease,…
PM on lari devaluation: This is a short-term effect and will be regulated soon
The Georgian national currency, the lari, has depreciated in value against the US dollar and the euro in recent days,…
The reason of the depreciation of GEL is the expectations of the players on the market, deputy Finance Minister says
GEL [the Georgian national currency] has depreciated only against the US dollar and not against other currencies, – Deputy Finance…
GEL continues to depreciate – the National Bank of Georgia says inflation is close to the target index
National Currency Continues to Impair -GEL has reached its record low rate. The president of the National Bank refrains from…
Q1 of 2019: annual unemployment rate declines by 1.2%
The annual unemployment rate in Georgia decreased by 1.2 percentage points and equalled 12.8% in the first quarter (Q1) of…
Economy Minister: Our biggest challenge is to overcome poverty. 800 thousand people live in poverty
Our biggest challenge is to overcome poverty. 800 thousand people live in poverty, according to various estimations, Minister of Economy…