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