According to the National Wine Agency of Georgia, 2017 was a record year for Georgian wine exports. Data shows that 76.7 million bottles of wine were exported to 53 countries, representing an increase of 54 per cent compared to 2016. The total value of the wine Georgia exported rose to 170 million US dollars, 49 per cent higher than in 2016. Continue reading Georgian Wine Posts Record Results
The Georgian government has promised to develop a fibre-optic internet network in its more remote regions. Minister of the Economy and Sustainable Development Dimitri Kumsiashvili said that bringing reliable, high-speed internet to predominantly rural areas is one of the most important projects currently being undertaken by Georgia’s Innovation and Technology Agency.
A year since its launch, a campaign designed to support local businesses by encouraging Georgians to buy local products has been hailed a success by both its initiator, Georgian President Giorgi Margvelashvili, as well as businesses. Companies of all sizes have taken part, seeing the project as a chance to increase awareness of their products and boost sales.
Since Georgia began exporting kiwifruit to the European market just over two years ago, it has become one of the country’s most productive and profitable exports. With a kilo of kiwifruit selling for around 1.20 euros, the fruit has proven to be a good earner for producers. Exports – currently at around 100 tons per year – are expected to increase, not least as the Japanese market is now being targeted. Continue reading Georgia’s Sweetest Export Targets EU & Japan Expansion
A Free Trade Agreement (FTA) between China and Georgia took effect on January 1, 2018. It means that around 94 per cent of Georgian products will be free from customs duty while Georgian services and commodities will enter a 1.4 billion-person market.