Georgia’s real GDP grew 5.8 percent y-o-y in Q2 2011 according to preliminary figures released by the National Statistics Office. GDP deflator was up at 10.7 percent and nominal GDP reached GEL 5.848 billion. Read more..

The Monetary Policy Committee of the National Bank of Georgia decided on today’t meeting to lower its Main Policy Rate by 25 basis points to 7.5 percent, citing decreases in inflation rate. Read more...

Inflation Rate in July 2011 equaled 8.5 percent y-o-y, mainly due to 16.6 percent and 16.3 percent increase in food and transportation prices respectively. Hotels, cafés and restaurants were also up Read more...

Extenal Trade in 1H 2011 rose by 38 percent y-o-y to USD 4.117 billion. Exports increased by 44 percent reaching USD 1.037 billion, while imports equaled USD 3.079 billion, up 36 percent. Trade deficit Read more...