Tourism Revenues Exceed Two Billion USD

Published in Economics
Wednesday, 11 January 2017 16:01

The numbers of tourists in Georgia have increased by half a million, and tourism revenues exceed two billion USD. The Prime Minister of Georgia commented on the positive tourism statistics at today's Government meeting.

According to Giorgi Kvirikashvili, it is truly commendable that, in 2016, over 6,350,000 international guests visited Georgia, and the country's revenues from tourism exceed 2,000,000,000 USD.

"It is a result of our joint efforts seeking to develop infrastructure and position Georgia as an attractive international destination. We believe that the investments to create year-round resorts and build roads to tourist destinations, also to implement public-private partnership models at winter resorts, must be enhanced further, because they yield concrete results in terms of additional revenues for local businesses and residents," the Prime Minister stated.

According to Giorgi Kvirikashvili, it is also a commendable outcome that, this year, more than one reputable publication has named Georgia as one of the most attractive new destinations, while some even rank it as the best new tourist destination in the world.

TWO PERSONS DETAINED FOR THE ATTEMPTED SWINDLING

Published in Justice
Friday, 05 August 2016 16:43

The officers of Samegrelo-Zemo Svaneti Police Department of the MIA as a result of operative-investigation activities detained Maia B. (D.o.B.: 1968) and Nana Sh. (D.o.B.: 1980) in Zugdidi for attempted swindling.
Investigation established that the detainees deceived one of the refugees as if they had an influential acquaintance at the Ministry of Internally Displaced Persons from the Occupied Territories, Accommodation and Refugees who would assist him in receiving an apartment. For the mentioned favor detainees demanded and extorted 2000 USD from the refugee.
Law enforcers detained Maia B and Nana Sh in several minutes from the moment of extortion money. Police seized 2000 USD as evidence during personal search of Maia B. Both of the detainees have already pleaded guilty.

Number of tourists in Georgia has increased sufficiently

Published in Economics
Wednesday, 03 August 2016 16:13

Popularization of Georgia is growing, international recognition of our country has increased and we consider that next year we shall expect more tourists - Prime Minister of Georgia Giorgi Kvirikashvili stated during the Cabinet meeting. Giorgi Kvirikashvili presented indicators of growth in the tourism area to the members of the Cabinet. According to the head of the Government, throughout last 7 months, more than 3 400 000 people visited Georgia. This unparalleled indicator is 11% higher than last year's index. 
"Particularly unparalleled number of international visitors entered Georgia in July. Namely, 764 022 international visitors travelled to our country - as compared to the last year's similar indicator, the number of visitors increased with 26 124.
It is a welcoming fact that that number of tourists from neighboring countries as well as the EU member states is growing. In the first quarter of 2016, the tourism related income was 354.5 million USD that is 15.7% higher than last year's similar indicator. I consider that this trend is very important, since is implies growing of income for all individuals engaged in tourism industry - starting from the owners of family-type hotels and ending with large touristic complexes. This means more employed persons in Georgia, which is vitally important. I would like to thank the whole team that contributed to the development of this direction under the leadership of Ministry of Economy, Administration of Tourism, as well as Ministry of Culture. Thanks to the efforts of the Government, this result was achieved. This is a welcoming fact," - Prime Minister noted.
According to him, pursuant to the new scheme that encompasses public-private partnership model, the events for the next year will be planned during this autumn. Giorgi Kvirikashvili expressed hope that this trend will continue.
"I think that next year we shall expect more tourists. This calls for preparing loca infrastructure for the inflow. We have to work hard in this area," - head of the Government noted.

External Merchandise Trade of Georgia in January-June 2016

Published in Politics
Thursday, 14 July 2016 16:49

External Merchandise Trade (excluding non-organized trade) of Georgia amounted to USD 5705 million in January-June 2016 (preliminary data), grew by 20 percent from the same period of the previous year. The value of export decreased by 12 percent reaching USD 948 million, while the import grew by 30 percent and amounted to USD 4757 million with respect to January-June of the previous year. The trade deficit equaled USD 3809 million and its share in trade turnover constituted 67 percent.
Sources: LEPL Revenue Service of Ministry of Finance of Georgia; LEPL Service Agency of Ministry of Internal Affairs of Georgia; Georgian State Electric System, LTD; Georgian Gas Transportation Company, LTD. Notice: The discrepancy between the totals and the sum in some cases can be explained by using rounded data.

The U.S. Government commits $69.3 million to Georgia

Published in Economics
Thursday, 24 December 2015 18:42

The U.S. Government commits $69.3 million to Georgia’s democratic and economic development. On December 22, the USAID Caucasus Director Douglass Ball signed two development assistance agreements with Georgia’s Minister of Finance Nodar Khaduri. The agreements will support the following two projects over the next five years: Democratic Control, Balance and Accountable Government; and Inclusive and Sustainable Economic Growth.

Exchange of 1 USD Equals 2.3978 GEL

Published in Economics
Monday, 21 December 2015 11:34

According to the new official exchange rate set by National Bank of Georgia, 1 US Dollar equals 2.3978 GEL. While previous exchange rate was 2.3977. Georgian Lari has dropped in Value by  0.0001 GEL. 

Georgian National Currency gains value against Euro. 1 EUR costs 2.5944 GEL. Official exchange rate of Lari has gained value by 0.0073 GEL against Euro.

Georgian Lari recovers by 0.0020 GEL

Published in Economics
Tuesday, 15 December 2015 13:02

Georgian National Currency gained value by 0.0020 GEL against US Dollar. According to new exchange rate set by National Bank of Georgia 1 USD equals 2.4010 GEL, while the previous exchange rate was 1 US D=2.4030 GEL.

Georgian Lari recovered towards Euro too. According to new exchange rate, 1 EUR costs 2.6315 GEL, while previous exchange rate was 2.6346. Georgian national currency gained value against Euro by 0.0031 GEL.

Lari Continues to Depreciate against Euro

Published in Economics
Wednesday, 09 December 2015 11:01

Lari continues to depreciate against Euro. Georgian National Bank set the new exchange rate yesterday, according which 1 EUR costs 2.5868 GEL officially. Georgian Lari has dropped in value against Euro by 0.0088 GEL.

Georgian National Currency slightly gained value against US Dollar. According to the official exchange rate 1 US D costs 2.3846 GEL today, which means that Lari has gained value against US Dollar by 0.0013 GEL.

 

1 US Dollar equals 2.3846 GEL

Published in Economics
Tuesday, 08 December 2015 18:41

Georgian National Currency has gained value against US D. According to new exchange rate of National Bank of Georgia, 1 US Dollar will cost 2.3846 GEL, while previous exchange rate was 2.3859. Lari has gained value by 0.0013.

Georgian Lari has dropped in against Euro. According to the new exchange rate 1 EUR equals 2.5868 GEL, while previous exchange rate was 2.5780. Lari decreased in value against Euro by 0.0021.

New Official Exchange Rate - 1 USD Equals 2.4051 GEL

Published in Economics
Friday, 27 November 2015 17:35

According to the new official exchange rate set by National Bank of Georgia, 1 US Dollar equals 2.4051 GEL. While previous exchange rate was 2.4046. Georgian Lari has dropped in Value by  0.0005 GEL. 

Georgian National Currency gained value against Euro. 1 EUR costs 2.5477 GEL. Official exchange rate of Lari has gained value by 0.0038GEL against Euro.

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