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Georgia’s economy jumps up by almost 5pct


Georgia recorded 4.9 percent economic growth in the first ... A decrease was registered in construction and real estate activities, the report reads. "This is a great result on a regional scale and, of course, our duty is to create as much dynamics as ...


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Baku, Azerbaijan, Nov28 By Nigar Guliyeva– Trend: Georgia recorded 4.9 percent economic growth in the first 10 months of 2017, show the latest data from the National Statistics Office of Georgia (Geostat). The estimated real Gross Domestic Product (GDP) growth rate amounted to 5.7 percent year-on-year in October 2017. Geostat announced that the estimated real GDP growth in October 2017 was observed in the following industries: hotels and restaurants, manufacturing, trade and transport. A decrease was registered in construction and real estate activities, the report reads. "This is a great result on a regional scale and, of course, our duty is to create as much dynamics as possible in the economyAnd I am sure the Tbilisi Silk Road Forum that was held in Georgia and those projects that are planned within the forum will create more dynamics,” said Prime Minister of Georgia, Giorgi Kvirikashvili at today’s government meeting. The PM stated that based on the economic forecasts of "all financial institutions” Georgia will experience higher economic growth next year"Next year we have to take all efforts to exceed their prognoses in a positive light," he said. Follow Trend on TelegramOnly most interesting and important news Tags: Georgia lang: en_EN (adsbygoogle = window.adsbygoogle || []).push({}); Related news Turkmenistan, Georgia mull prospects for energy and transport co-op Turkmenistan 29 November 21:16 Russian, Georgian FMs mull issues of cooperation Georgia 29 November 13:00 Azerbaijani president offers condolences to Georgian counterpart Politics 27 November 16:34 No Azerbaijani citizens among Batumi fire victims Society 25 November 11:15 11 die in hotel fire in Georgia’s resort city of Batumi - Georgian interior ministry Georgia 25 November 04:07 How Georgia improved economic activity, banking system through national currency Economy news 22 November 12:36 Georgia's export jump up, says minister Economy news 22 November 09:36 Georgian envoy voices confidence in Azerbaijan’s restoring its territorial integrity in near future Politics 21 November 20:50 PACE co-rapporteurs to visit Georgia Georgia 18 November 09:43 Ashgabat, Tbilisi discuss possibilities of co-op in fuel, energy sphere Oil&Gas 16 November 12:32 WB to help Azerbaijan, Georgia to create 21st century Silk Road Economy news 15 November 18:36 Afghanistan, Turkmenistan, Azerbaijan, Georgia, Turkey to create transport corridor Economy news 15 November 16:17 Singapore Airlines appoints general sales agent in Azerbaijan, Georgia Economy news 14 November 17:50 Georgian PM reshuffles Cabinet, names new ministers South Caucasus 13 November 12:34 Georgia appreciates EU becoming the country's largest trade partner South Caucasus 11 November 09:28 Mobile operator of Azerbaijan’s Nakhchivan launches roaming service IT 6 November 16:13 Georgia among world’s Top 10 in Doing Business 2018 South Caucasus 1 November 09:07 BTK hugely beneficial project for many countries Commentary 31 October 09:22

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