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Agenda.ge, 10 Sep 2018 - 18:35, Tbilisi,Georgia Georgia has taken the fourth position as the world’s most fast-growing tourism destinations in the World Tourism Organisation’s (UNWTO) 2017 report. The report reads that in 2017 the number of tourists particularly increased for trips to Egypt, Togo, Vietnam and Georgia. For Egypt, the number of tourists increased by 55 per cent. In Togo, by 46 per cent. In Vietnam by 29 per cent. In Georgia by 27.9 per cent. Georgia stands above France, Spain, Turkey and other countries where the tourism field is especially well-developed in terms of pace of growth.  This is the first time that Georgia has taken a leading position as a quickly growing tourist country in the UNWTO report. In 2016 Georgia was the first in Europe as a tourism destination, now we are  in the top five as the world’s fast growing tourism destinations, which is a great achievement,” head of the Georgian Nationa... read more

Georgian airports have served 3,375,959 passengers during the last eight months, which is a 25 per cent increase in comparison to last year, an official statement of United Airports of Georgia says. Tbilisi International Airport served 461,051 passengers in August: a 12 per cent increase y/y. Growth in the first eight months of this year was 24 per cent higher than the same period last year. Passenger traffic in Kutaisi International Airport increased by 44 per cent in August 2018 y/y. Over the last eight months Kutaisi International Airport has served 382,325 passengers, which is a 35 per cent increase. Batumi International Airport served 121, 298 in August 2018 which is 12 percent more than the same period for last year. As for the first eight months of this year, passenger traffic in Batumi International Airport increased by 24 per cent. Georgia’s rural airports in Mestia and Ambrolauri together served 5 ,520 passengers in the first eight months of 2018. ... read more

The summer tourist season in Georgia saw some 3,061,338 international visitors, showing an increase of 10.9 per cent compared to June-August 2017, announces Georgian National Tourism Administration (GNTA). Of these 3 million, 1,702,015 were tourists, which is 15.8 per cent more compared to the same period of 2017. Between January-August 2018 a total of 5,895,914 international visitors visited Georgia of which 3,235,800 were tourists. Year-on-year, the number of international travellers (tourists, transit, other) increased by 12.2 per cent, while the number of tourists (individuals that spent more than 24 hours in the country) increased by 19.3 per cent. The majority of foreign travellers were from Azerbaijan (+11%), Russia (+22%), Armenia (+0.3%) and Turkey (+21.1%). A positive trend was also maintained by visitors from the European Union: Estonia (+98%) The Netherlands (+55%) Romania (+55%) Belgium (+53%) Germany (+50%) The countries with the most sig... read more

Georgia’s economy grew 4.6 percent in July 2018, while average estimated real gross domestic product (GDP) growth equalled 5.5 percent for the first seven months of 2018 year-on-year, says the National Statistics Office of Georgia (Geostat).   Last month the estimated real growth, compared to the same period of the previous year, was posted in the following activities: Transport Trade Real Estate Financial Intermediation Hotels and restaurants Various international financial institutions also have positive expectations for Georgia’s economic growth.   In 2018, the World Bank predicts Georgia’s economic growth to hit 4.2 percent while the European Bank for Reconstruction and Development (EBRD) says Georgia’s economy will grow by 4.5 percent.   The Asian Development Bank (ADB) forecasts the Georgian economy will grow by 4.5 percent in 2018.   The Internation... read more

According to an early report by Geostat, national statistics service of Georgia, in January-July 2018 foreign trade turnover (excluding non-declared trading) made up 7 051.5 million USD, up 24.4% compared to the same period of 2017. Including, exports constituted 1.870 billion USD, up 28.7% and imports marked 5.181 billion USD, up 22.9%. At the same tie, according to Geostat, negative trade balance made up 3.310 billion USD, that is 46.9% in foreign trade turnover. Detailed information on Georgia’s foreign trade turnover will be published on August 20 ... read more

In the airspace of Georgia in January-July, 86 356 instrumental flight was performed, with 7 955 flights (10.1%) the number is more than the same period in 2017. The number of flights carried out during the reporting period is 60 415 flight (+3 031 flight, + 5.3%). The number of departure-arrival is 25 941, which is more than 4 924 flights (23.4%) compared with the same period of 2017. The flight distance in Georgian airspace during January-July is 23 930 405 km (+333 601 km and 1,4% more than the same period in 2017). Georgian airspace is most frequently used for transit movement by TURKISH AIRLINES INC., AZERBAIJAN AIRLINES – AZAL, QATAR AIRWAYS, THAI AIRWAYS INTERNATIONAL LTD. The top customers in the fly-zone are still Georgian AIRWAYS, TURKISH AIRLINES INC, WIZZ AIR HUNGARY KFT.   Facebook2Facebook MessengerTwitter ... read more

The United Nations published the 2018 World Economic Growth Prognosis In 2018-2019, the United Nations is expecting 3% economic growth in the world. The United Nations is predicting for 4,3% economic growth in Georgia this year. According to the United Nations, the unemployment rate in Georgia in 2017 was 11.4%, which is one of the highest in comparison with the member states of the Commonwealth of Independent States. In Armenia, the unemployment rate is 16.6%, in Azerbaijan 5.2%, Kazakhstan 5.4%, Kyrgyztan 7.7%, Moldova 4.4%, Russia 5.8%, Tajikistan 2.3%, Turkmenistan 8.6%, Ukraine 8.8% and Uzbekistan 5.0%. Georgia has officially resigned from the Commonwealth of Independent States (CIS) in 2009, though Georgia’s consideration of geographical and economic structure is still in the group. ... read more

Georgia’s three international airports served 2,719,920 passengers in the first seven months of 2018, which is a 28 percent increase year-on-year (y/y). The number of passengers who took regular or charter flights in Georgia increased in all three main airports of the country: Tbilisi Shota Rustaveli International Airport, Batumi International Airport and Kutaisi David Aghmashenebeli International Airport. More specifically: Tbilisi International Airport served 2,104,161 passengers - a 27 percent increase y/y Kutaisi International Airport served 310,115 passengers - 33 percent increase Batumi International Airport served 301,597 passengers - 29 percent increase In the first seven months of this year, Georgia’s rural airports in Mestia and Ambrolauri both served 4,047 passengers. ... read more

Georgia exported 45.4 million bottles of wine to 50 countries in the first seven months of 2018, announces the Georgian National Wine Agency. In January-July of 2018 Georgia generated about $107.8 million from the sale of wine abroad. Revenue increased by 28 percent from January-July 2018, while the volume of exports increased by 19 percent, said the Georgian National Wine Agency. Export growth was notable in the following countries: Japan – 124 percent increase (166,032 bottles) Great Britain – 67 percent increase (50,062 bottles) Poland – 32 percent increase (1,886,618 bottles) To European countries: Romania – 390 percent increase (84,654 bottles) The Czech Republic– 68 percent (30,456 bottles) Germany – 32 percent increase (308,734 bottles) Lithuania – 21 percent increase (265,062 bottles) The Netherlands – 17 percent increase (38,799 bottles) Latvia – 16 percent (966,726 bottles) Estonia... read more

The first half of 2018 produced some interesting figures regarding Georgia’s external trade. Even though the existing data is only preliminary, the analysis thereof unveils some curious results, PMC Research Center reports. Georgia’s exports and imports reached their highest point for the observed period of 2015-2018. In the first half of 2018, Georgia was recorded to have conduced external trade with 133 countries, a record-breaking amount in the observed period. With free trade agreements already in place with China and the EU, we have been able to conduct a rough analysis of the effects of the two agreements so far. To analyze these effects, the observed period is taken from January 2015 to June 2018. In the first half of 2018, Georgian exports amounted to US$1.59 bln, which is 28.5% higher than the number of exports recorded in the corresponding period of 2017. Similarly, for the first half of 2018, Georgian imports amounted to US$4.39 bln, a 22.9% rise compare... read more