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Georgia Increases Clementine, Apple Exports

Georgia Increases Clementine, Apple Exports

Georgia has exported 10,848  tonnes of clementines between August 1, 2020 and January 31, 2021 which is a 38% increase compared to the same period of 2019-2020, announces Georgian Ministry of Agriculture and Environmental Protection. The volume of clementine exports is 23% more than it was in the same period of 2019-2020, while the value […]

Six months data: Georgian hazelnuts exports up 49% y/y

Six months data: Georgian hazelnuts exports up 49% y/y

Georgia has exported 15,300  tonnes of hazelnuts between August 1, 2020 and January 31, 2021 which is a 49% increase compared to the same period of 2019, announces Georgian Ministry of Agriculture and Environmental Protection. The exports generated $79.2 million in revenue, marking a $51 million increase compared to the same period of 2019-2020. During […]

Georgia, India discuss establishment of Indian Embassy in Georgia, negotiations on free trade agreement

Georgia, India discuss establishment of Indian Embassy in Georgia, negotiations on free trade agreement

Georgian Prime Minister Giorgi Gakharia and Ambassador of India Kishan Dan Dewal have discussed the establishment of an Indian Embassy in Georgia and the opportunities of concluding a free trade agreement between the two countries at the meeting held this morning, announces the government of Georgia. Press-release published by the government of Georgia reads that […]

EastFruit – 2020 was predominantly positive for the Georgian horticultural sector

EastFruit – 2020 was predominantly positive for the Georgian horticultural sector

The EastFruit team in Georgia sums up the results from main events of 2020 and shares links to the most profound materials on the fruit and vegetable business. Overall, 2020 was predominantly positive for the Georgian horticultural sector. Exports rose to record levels and production volumes for nearly all export products in 2020 were significantly higher than […]

Georgian Honey to Fully Satisfy Quality Standards Soon

Georgian Honey to Fully Satisfy Quality Standards Soon

Georgia’s honey exports have declined, year on year. As reported by Geostat, the national statistics service of Georgia, in 2019, the country exported 6.5 tons of honey worth 56,300 USD, while the 2018 exports made up 21 tons worth 69,500 USD. 2017 exports totaled 2.2 tons worth 15,800 USD, 2016 – 3.8 tons (21,200 USD), […]

Europe’s Biggest Solar Panels Manufacturing Plant Opens at HUALING Free Industrial Zone

Europe’s Biggest Solar Panels Manufacturing Plant Opens at HUALING Free Industrial Zone

The Europe’s biggest solar panels manufacturing company has launched operation in Hualing Free Industrial Zone. German brand AE Solar has been successfully operating in Georgia for 3 years. Recently, the company opened the Europe’s biggest solar panels manufacturing enterprise at Hualing FIZ. The annual output of the enterprise makes up 500 megawatts, while the company’s […]

EBRD Allocated Additional Fund for Reconstruction of Enguri HPP

EBRD Allocated Additional Fund for Reconstruction of Enguri HPP

The European Bank for Reconstruction and Development (EBRD) is allocating €10 million for the reconstruction of Georgia’s Enguri Hydro Power Plant (HPP). The EBRD allocated €28 million in 2018 for the reconstruction of the power plant but then it was discovered that an additional €10 million was needed for the project, said Deputy Finance Minister […]

Export Volume hit Record-High Indicator in January – 10% Increase

Export Volume hit Record-High Indicator in January – 10% Increase

Export volume hit a record-high indicator in January 2020 with 262.6 MLN USD (i.e. 10% increase compared to the respective period of the past year). Export volumes have never been so high in January of any previous year before; Export as net of re-export (export of domestically produced commodities) constitutes to 67.4% of total export. […]

Tobacco Excise Budget Received 724 Million GEL

Tobacco Excise Budget Received 724 Million GEL

Vano Machavariani spoke about the taxation of tobacco and tobacco products in the Parliament within the Minister’s hours. The Minister noted that it would be impossible to have a fair business environment if the taxation of different businesses operating in one area would be different. He said that last year this legislative gap was rectified […]