Tourists head off the beaten track in CEE and Eurasia

Clare Nuttall in Bucharest October 19, 2018

Exotic destinations in Central Asia and the Caucasus saw the region’s sharpest increase in tourist spend in the last seven years, a report from the WNWTO shows.

Georgia’s GDP accelerates to 5.5% y/y in Q2, fastest growth in five years

bne IntelliNews September 19, 2018

Georgia’s GDP increased by 5.5% y/y in Q2, the highest growth rate in more than five years, the statistics office reported. The growth rate was, however, lower than the 6.0% y/y flash estimate.

Breakaway Abkhazia's prime minister killed in car crash

bne IntelliNews September 9, 2018

Gennady Gagulia, who served three times as prime minister of the Georgian separatist republic, is understood to have died of his injuries after another driver hit his car.

Georgian central bank maintains policy rate at 7.0%

bne IntelliNews September 7, 2018

The National Bank of Georgia’s (NBG’) Monetary Policy Committee decided to keep the refinancing rate unchanged at 7.0%.

Breakaway Abkhazia remains among top destinations for Russian tourists

bne IntelliNews September 5, 2018

The Georgian separatist republic of Abkhazia was the second most popular destination for Russian tourists in the first half of this year, attracting 1.75mn Russian visitors, according to a report from tourism agency Turstat.