About Civil.ge
Eng | Geo | Rus
Last updated: 22:00 - 21 Jul.'17
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
21 Jul.'17 22:00
NDI’s Pre-Election Assessment: Two Divergent, Parallel Georgias
National Democratic Institute’s delegation assessed the pre-election environment ahead of municipal polls.
21 Jul.'17 17:41
President Trump Names New European-Eurasian Affairs Point Man
Wess Mitchell will lead the State Department’s Bureau of European and Eurasian Affairs.
21 Jul.'17 16:51
President Vetoes Changes to Self-Government, Election Codes
MPs will deliberate on President Margvelashvili’s objections until late July.
21 Jul.'17 12:43
Abkhazia, S.Ossetia in UK Foreign Office’s Human Rights Report
The Foreign and Commonwealth Office released its annual Human Rights Report for 2016.
20 Jul.'17 23:33
Prosecutor’s Office to Probe into Azerbaijani Journalist’s Case
Heads of Border Police and Counterintelligence Department will leave their posts pending investigation. 
20 Jul.'17 18:25
Updated: Georgia in U.S. State Department Terrorism Report
The document assesses the status of terrorism-related issues in Georgia in 2016.
20 Jul.'17 14:58
Ukraine, Georgia Pledge Strategic Partnership
Petro Poroshenko concluded his three-day state visit to Georgia.
19 Jul.'17 20:22
Tbilisi Mayoral Candidates and Their Campaigns
The capital of Georgia, which is home to one third of the country’s electorate, will elect its Mayor in October.
19 Jul.'17 16:23
At Annual Ambassadorial, Georgian Leaders Speak of Foreign Policy Priorities
Tbilisi is hosting the annual gathering of Georgian ambassadors on July 18-21.
19 Jul.'17 11:58
GNERC Sets New Tariffs on Natural Gas
Tariffs on natural gas have increased for consumers in Tbilisi and the regions.

About Civil Georgia
Civil.Ge © 2001-2017, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
79