About Civil.ge
Eng | Geo | Rus
Last updated: 18:56 - 17 Jan.'18
RSS
Mobile
Twitter
Facebook
November GDP Growth 5.3% – Preliminary Data
Civil Georgia, Tbilisi / 30 Dec.'15 / 13:01

Georgia’s real GDP grew 5.3% year-on-year in November, according to preliminary data released by the state statistics office, Geostat, on Wednesday.

Economy grew 3% y/y in the first eleven months of this year. GDP growth in the same period of last year stood at about 5%.

In July the government cut economic growth forecast from 5% to 2% for 2015. Next year’s forecast stands at 3%.

The International Monetary Fund (IMF) also expects Georgia’s economy to grow 3% next year, but IMF also said in early December that this forecast is subject to downside risks, mainly from further economic deterioration in Georgia’s trading partner economies.

Georgia’s new PM Giorgi Kvirikashvili, who was approved on the post by the Parliament in a vote overnight on Wednesday, told lawmakers during confirmation hearings that making “breakthrough” in economic development would be his priority. He also named encouraging “entrepreneurial spirit” through government-funded programs to help startups and easing “bureaucratic burden” for businesses among his priorities.

Latest News
17 Jan.'18 18:56
Three Pankisi Gorge Residents Questioned
Georgian State Security Service questioned three individuals for alleged ties with terrorism suspects.
17 Jan.'18 16:16
NATO Military Committee Holds Session on Georgia
Georgia’s progress on its defense reform and Substantial NATO-Georgia Package were discussed.
17 Jan.'18 12:41
Georgian, Latvian Parliaments Sign Strategic Partnership Memorandum
Georgian Parliament Speaker held talks with his Latvian counterpart, Foreign and Economy Ministers.
16 Jan.'18 17:53
CSOs Urge Parliament to Uphold Presidential Objections to Broadcasting Law
A group of thirty-six civil society organizations released a statement on the controversial GPB-related bill.
16 Jan.'18 16:28
The Weekly Tripwire - Issue 22
Civil.ge’s news digest covering developments in Abkhazia and Tskhinvali Region/South Ossetia.
16 Jan.'18 12:59
NDI-Commissioned Public Opinion Survey
Support for EU membership 72%, for NATO membership 64%.
16 Jan.'18 10:35
Freedom House: Georgia Remains ‘Partly Free’
Georgia’s rating in both political rights and civil liberties categories remained unchanged.
15 Jan.'18 18:36
President Vetoes Changes to Broadcasting Law
The bill, approved by the Parliament last month, envisages further expansion of powers of the GPB.
15 Jan.'18 15:56
Sixteen Polling Stations to Open in Abkhazia for Russia’s Presidential Election
Raul Khajimba and Semyon Grigoriev held a meeting to discuss organizational details of the upcoming polls.
15 Jan.'18 12:01
EU Calls for ‘Thorough, Transparent’ Investigation over Mukhtarli Case
Azerbaijani journalist, who was allegedly kidnapped from Georgia, was sentenced to six years in prison.

About Civil Georgia
Civil.Ge © 2001-2018, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
73