EBRD cuts its 2020 economic growth forecasts for Georgia

ENG

GEO

29 November 2024, 21:51

TODAY

17:42
In Georgia I saw harsh polarisation between the parties but also an election that offered voters a wide choice of options where the candidates could campaign freely - President of OSCE Parliamentary Assembly

15:06
We condemn the acts of violence against our colleagues, as a result of which several of them suffered serious injuries - Rustavi 2’s statement regarding the recent developments

14:48
Georgia’s Ambassador to Bulgaria is resigning

14:34
If they want to open negotiations - put it on the table, I will sign it today - Prime Minister
14:21
Yesterday, we once again confirmed to the public that by 2030, Georgia will be more prepared than all candidate countries to join the EU - Kobakhidze

12:35
Well, dare someone in Europe or US to talk to the police like some of the participants of the rally, see what they will do, they will break them to the bones - Kaladze

12:29
Criminal acts of inhuman and degrading treatment and targeted persecution of peaceful protesters, as depicted in the video footage distributed by the media, are disturbing - Ombudsman

12:24
If the EU wants to open accession talks with Georgia, it is free to do so - Kaladze
11:43
Georgia is a sovereign country, and it is up to Georgia to decide whether it wants to follow the path of European integration - Herczyński

11:29
It is disgusting that diplomats are supposedly sworn to the EU at the expense of their own country’s interests. After this farce, you will be more convincing if you leave your positions - Tsilosani

11:27
EU Ambassador to Georgia has conveyed false information claiming that Georgia will halt its Euro-Atlantic integration process for 4 years - Georgian Dream’s Communication Department

11:19
The estimated real GDP growth rate amounted to 11% for October 2024 compared to 2023 - GeoStat
10:40
Elon Musk blasts ‘undemocratic’ EU in ongoing feud – POLITICO

10:10
32 employees of the Ministry of Internal Affairs were injured during the rally - MIA

09:41
43 people have been detained during the protest under administrative charges of petty hooliganism - MIA

08:27
The Parliament of Georgia enforces red security level
08:16
Media representatives are among those injured in the protest

07:03
Rustaveli Avenue is free of demonstrators

05:14
Riot police began using water cannons against demonstrators

03:17
Situation on Rustaveli Avenue is tense - riot police are trying to disperse the protesters
01:18
The manifestation in the vicinity of the Parliament exceeded the norms defined by the Law on Assembly and Manifestation - MIA
28 November

23:38
As a result of the alleged violent action from one of the protesters against the police, 1 employee of the MIA was injured and taken to the medical facility

23:14
Protest rally on Rustaveli Avenue - some activists are trying to cause noise, are hitting the iron barriers at the entrances to the Parliament

23:00
Each illegal action will be followed by respective legal response from the side of the police - MIA

20:30
Putin threatens to use “all means of destruction” if Ukraine gets nuclear weapons
18:40
Technically, it takes only about a 1.5 - 2 years from opening negotiations to achieve EU membership, and no expansions to the East are anticipated by 2030 – Prime Minister

18:39
Against the backdrop of the outbreak of war in Ukraine, when Georgia needed peace most of all, some European politicians sought to provoke unrest using candidate status – Kobakhidze

18:30
We will continue moving towards the EU, yet we will not accept a state of permanent manipulation or blackmail - Prime Minister

18:22
Statement by Georgian Dream – Democratic Georgia
18:21
We are a proud and dignified nation with a rich history, thus, we find it unacceptable to view our integration into the EU as a favour to be granted – Kobakhidze

18:19
We decided not to put the issue of opening accession talks with the European Union on the agenda until the end of 2028 - Irakli Kobakhidze

17:36
Rikoti Pass is open to all types of vehicles

17:34
From December 1, it is mandatory to equip vehicles with winter tires on certain sections of the road
16:59
European Parliament has adopted a non-binding resolution on Georgia

15:53
European Parliament has overwhelmingly passed a non-binding resolution on Georgia - Rikard Jozwiak

15:28
Diplomat’s work should be aimed at strengthening relations between countries, not undermining them - Botchorishvili on Fischer’s statement

14:41
Recalling the German Ambassador would be a great honor, I don’t think we should make such a decision. Actually, Germany doesn’t have an Ambassador in Georgia today - Kobakhidze
14:31
If the EU wants “regime change” and the return of criminals to power, then the EU Ambassador should confirm this - Kobakhidze

14:22
We also have something to prove to the EU if we want to join, but the EU also had to prove that they respect the country’s dignity and protect our national interests, our traditional values - Kobakhidze

13:45
Georgian lawmakers approved Irakli Kobakhidze to continue as Prime Minister

13:42
Parliament of Georgia expressed confidence in the Government
13:17
In economic terms, we have achieved significant progress, especially over the past 4 years, we have an ambitious goal and by 2028 aim for the economy to exceed USD 36,000 per capita - Kobakhidze

12:43
2029 is the maximum deadline when we will be able to receive 600,000 containers per year at Anaklia Port - Kobakhidze

HQ Live and DVR 1

Satellite

ENG

GEO

EBRD cuts its 2020 economic growth forecasts for Georgia

13-05-2020 11:35

The European Bank for Reconstruction and Development (EBRD) has cut its 2020 economic growth forecasts for Georgia, but expects a recovery in 2021.

As EBRD says, Georgia’s gross domestic product (GDP) growth is expected to fall -5.5% in 2020, before rebounding to around 5.5% in 2021. The Banks adds that the economy would be severely impacted as transport restrictions hit travel and tourism.

“Recovery would depend on a gradual relaxation of domestic measures to contain the virus and a return to normality during the second half of the year”, - reads the statement of the European Bank for Reconstruction and Development.

MORE HEADLINES