E-commerce in Georgia increased more than threefold year-on-year in 2020 to nearly $45mn, a new Galt&Taggart report states.
Also, in January-June, aggregated profits exceeded one billion lari, or more than $300mn.
Against first half of 2020, exports, at $1.38bn, rose by 27.8% y/y and, more importantly when it comes to the long-term trend, grew 24.2% compared to 1H 2019.
Georgia's foreign trade turnover recovered to pre-coronavirus crisis levels in Jan-Jun this year. The trade deficit was slightly smaller, yet amounted to 15% of full-year GDP.
Framing Georgia’s far right as a unified pro-Russian actor obscures complex local problems.
A cameraman in Georgia's capital of Tbilisi died on July 11 after being severely beaten by right-wing mobs protesting the planned Tbilisi Pride march a week before.
Issuance has been impressive but in some countries green bonds are still to get off the ground, while in others there is a shortage of high-yield, local currency or 'dark green' issues.
Georgia’s consumer price inflation came in at 9.9% year on year in June, a major 2.2pp rise from 7.7% y/y in the previous month, according to Geostat.
Georgia's planned Tbilisi Pride march has been cancelled after far-right groups, encouraged by the government and the Georgian Orthodox Church, went on the rampage.
Georgia’s Pride Week has kicked off amid now-familiar scenes of protests by Georgian church leaders and far-right groups. Despite its progressive economic reforms Georgia remains one of the most intolerant countries in the CIS.
EBRD says recovery from the coronacrisis is progressing faster than expected, but many emerging Europe economies won’t return to 2019 levels of GDP until 2022.
Expectations close to pre-crisis levels.
Data outlines genuine upward trend.
The price faced by Russia for aggression must be too high for the Kremlin to countenance, and this is the message that Biden should deliver to Putin – and act upon.
Georgia's Producer Price Index (PPI) for industrial products in April rose by 3.2% m/m and 17.5% y/y, reaching the steepest annual rate seen in a decade.
The number of formally employed Georgians decreased by 12.2% y/y in Q1 to 782,000, implying that around 108,000 jobs were wiped out by the coronavirus-driven crisis.
bne IntelliNews has introduced a new index, the bne Car Ownership/Age index (bneCOR), that cuts through the contradictions and paints a much clearer picture of just how far the middle class has come in each country.
The project threatens the delicate regional military balance.
Since the collapse of the Soviet Union inflation been falling and dropped to post-Soviet lows in the last two years. Now it’s back. The countries of Eastern Europe, Central Asia and the Caucasus are worst affected