Georgian Deputy Finance Minister Mikheil Dundua says that according to the economic growth forecast of the International Monetary Fund the Georgian economy will grow by 34.5% in 2021-2026 and with this rate Georgia ranks first in Europe. Malta takes the second place with 34.5% of economic growth followed by Montenegro…

"Georgia, which lies between Europe and Asia, is lifting restrictions on vaccinated tourists," CNN reported. The article published by the publication lists the countries where fully vaccinated tourists will be able to spend their summer holidays. The article also contains a statement by the Minister of Foreign Affairs of Georgia, according to which…

Georgia’s economic freedom score is 77.2, making its economy the 12th freest in the 2021 Index of Economic Freedom by the Heritage Foundation. Its overall score has increased by 0.1 point, primarily because of an improvement in the government spending score. Georgia is ranked 7th among 45 countries in the Europe…

For the first time Georgia was named among the top 20 European countries in the Open Data Inventory (ODIN) Report 2020, announces Georgian National Statistics Office (Geostat). The ODIN measures how complete a country’s statistical offerings are and whether their data meet international standards of openness. Georgia ranked 31st globally out…

Georgia has become a member of the World Association of Investment Promotion Agencies (WAIPA) through the application of Invest in Georgia, which is run by the country's export support agency Enterprise Georgia. Enterprise Georgia will benefit from various opportunities including the ability to share in best practices, explore opportunities of new partnerships,…

Georgia is ranked 2nd among the best countries in the world, from where foreign citizens can work remotely. The relevant survey was conducted by the site bigseventravel.com and revealed 50 countries where working remotely is most convenient and comfortable. Speaking about the capital of Georgia, Tbilisi, it is emphasized that the…

Transparency International has released its Government Defence Integrity Index (GDI) for 2020, the world’s leading assessment of corruption in government defence institutions, in which Georgia placed third in Central and Eastern Europe after Latvia and North Macedonia, with some of the least corruption risk in the region. The GDI is designed to…

The government of Georgia has announced a new state programme, FDI Grant, under the auspices of Enterprise Georgia which will promote the growth of foreign direct investments, the inflow of technologies and the creation of new jobs in Georgia, announces Enterprise Georgia agency. The FDI Grant incentive applies to the…

Georgia has ranked 37th among 180 countries in the Global Sustainable Competitiveness Index. The Global Sustainable Competitiveness Index measures the sustainable competitiveness of countries by calculating 116 measurable, quantitative indicators derived from sources such as the World Bank, the IMF, and various UN agencies. The 127 indicators are grouped into five…

The Georgian Business Association responds to surveys by Trace International and the transnational organization SolAbility and rates the ratings as a positive message for potential investors. According to the Trace International Index of Freedom from Corruption Risk, Georgia ranks 28th in the world and 19th in Europe, and Georgia ranks…

In the rating "Management Indicator-2019" Georgia ranked 19th in Europe in terms of management efficiency, and 41st in the world. In total, the rating examines the state of public administration in 214 countries of the world. By this indicator, Georgia is ahead of such European countries as Spain, Italy, Poland,…

In the Trace International rating of freedom from corruption risks, Georgia ranks 28th in the world, and in Europe - 19th, according to the Ministry of Economy and Sustainable Development of Georgia.   In the Trace Matrix 2020 Corruption Risk Matrix, Georgia's score improved by one point compared to the…

The 2020 TRACE Bribery Risk Matrix ranked Georgia in 28th of 194 counties in its annual bribery prevalence in business measurement. Georgia received a score of 25, TRACE International says. The overall country risk score is a combined and weighted score of four domains: Business Interactions with Government; Anti-Bribery Deterrence and Enforcement;…

According to the Minister of Economy and Sustainable Development Natia Turnava, Georgia has improved its rating score in the Global Prosperity Index and thus reached a historic high. "Georgia received 61.8% of the 100% rating scale and maintained its ranking position at 53rd place. Despite the situation, we have a…

Georgia was also included in the Business Insider article, which reviews countries that offer special offers and visa conditions for working remotely, under the "Work from Georgia" program. We would like to remind you that people using the program can perform their professional duties from Georgia for at least 180…

Georgia is probably a place you don’t know much about,” said the late Anthony Bourdain when his “Parts Unknown” TV program filmed an episode about the country several years ago. “Few Americans, I suspect, could place it on a map. It’s small compared to the superpowers around it, but vital,…

About 1,100 foreign citizens have applied for the Remotely from Georgia programme since August 27, which allows foreigners to travel to Georgia and work remotely from the country. Head of Georgian National Tourism Administration Mariam Kvrivishvili spoke about the economic benefits the country receives from the project earlier today, noting…

"Georgian Startups Are Ready for Investment" - is the title of an article in the prestigious European analytical publication Emerging Europe, which reviews the Georgian ecosystem. The author of the article uses official data from the World Bank and notes that Georgia ranks seventh in the world in terms of…

Business Insider names 11 countries that are ready to hire remotely. As the publication writes, all countries require filling out an application form, proven income, a valid passport and medical insurance. Georgia is also on the list of countries named by Business Insider that are ready to receive remote workers. 11 countries that…

Georgia and Japan are increasing economic cooperation by avoiding double taxation. This means that people or businesses working abroad in either country will not have to pay taxes in both countries, and will instead pay income and capital taxes in only one. The deal was signed today between Georgian Finance…

The Georgian Chamber of Commerce and Industry and the London Chamber of Commerce and Industry have signed an agreement of cooperation today which aims to strengthen business and commercial ties between the Georgian and British businesses. She said that boosting trade and economic relations is a priority of both Georgia…

The Georgian Chamber of Commerce and Industry and the London Chamber of Commerce and Industry have signed an agreement of cooperation today which aims to strengthen business and commercial ties between the Georgian and British businesses. She said that boosting trade and economic relations is a priority of both Georgia…

On August 27, the National Tourism Administration's program "Work Remotely in Georgia" came into effect, which offers foreign citizens the opportunity to work remotely from Georgia.   According to the administration, from August 27 to October 4, up to 800 foreign citizens showed interest in the program.   83 people…

There has never been a better time to invest in Georgia, and the country is more open to new business, new ideas and new investors than ever before. According to the Georgian National Statistics Office, between January and September 2017 Georgia received 1,346 million US dollars in foreign direct investment,…

A double taxation avoidance deal signed between Georgia and Saudi Arabia in March 2018 is coming into play today. This means that people or businesses working abroad in either country will not have to pay taxes in both countries, and will instead pay income and capital taxes in only one.…

A Georgian chamber of commerce has opened in Guangzhou, China as part of the One Belt, One Road initiative of the Chinese President Xi Jinping aiming to enhance regional connectivity. With the support of the Georgian Chamber of Commerce and Trade up to 20 Georgian producers will represent their wine,…

Georgia and Fiji, an island country in Melanesia, which is the part of Oceania in the South Pacific Ocean, have signed a visa free agreement yesterday, the Georgian Embassy to Australia has reported. The agreement has been signed by Georgian Deputy Foreign Minister Aleksandre Khvtisiashvili and his counterpart from Fiji…

Georgia and Ukraine have agreed to make it possible for their citizens to travel between the two countries without a passport, only with a national ID card starting from March 1. 2019, the Ukrainian Foreign Ministry has reported. The renewed visa free agreement between Georgia and Ukraine comes into play on March…

More than eight million international, non-resident travellers came to Georgia in 2018, the Georgian National Statistics Office (Geostat) reported today. The number of arrivals equalled 8.7 million which is 9.8% higher compared to 2017,” Geostat says. The agency states that 66.7% of international visitors were only tourists, the share of…

Georgian Prime Minister Mamuka Bakhtadze says that the country’s relations with the European Union have never been so advanced, adding that Georgia is successfully implementing its responsibilities to the EU. The PM said important reforms have been carried out in the country in terms of both legislative and institutional alignment,…

Georgia has maintained its position among the world’s top 10 economies in the World Bank Group’s annual Doing Business report, which measures ease of doing business. This year the country has moved up to 6th place in the global rankings and is currently the highest ranked economy in the Europe…

Moreover, those who have lost Georgian citizenship due to acquiring the citizenship of other country will be allowed to appeal to the Public Service Development Agency with the request to restore their Georgian citizenship within one year from the date the current amendments to the law are enacted. The Georgian…

realise their talents and knowledge,” Prime Minister of Georgia GiorgiKvirikashvili addressed the representatives of diaspora at the forum. He spoke about the ongoing programs that are aimed at development of diaspora relations including the youth initiative Camp of Future, Youth Ambassadors program being implemented in 16 countries, as well as…

President of Georgia GiorgiMargvelashvili has asked the parliament to simplify the dual citizenship procedure and make it more liberal in the country’s legislation. GiorgiMargvelashvili spoke about the issue while delivering a keynote address at the forum devoted to Diaspora Day held in Tbilisi today attended by the representatives of Georgian…

As the world continues to recover from the coronavirus pandemic, economic freedom will be more important than ever, says a new report from the Heritage Foundation. In emerging Europe, Estonia and Georgia continue to lead the way. Estonia is once again the regional leader in the Heritage Foundation’s Index of Economic…

Georgia is probably a place you don’t know much about,” said the late Anthony Bourdain when his “Parts Unknown” TV program filmed an episode about the country several years ago. “Few Americans, I suspect, could place it on a map. It’s small compared to the superpowers around it, but vital,…

There has never been a better time to invest in Georgia, and the country is more open to new business, new ideas and new investors than ever before. According to the Georgian National Statistics Office, between January and September 2017 Georgia received 1,346 million US dollars in foreign direct investment,…

The Bank of Georgia has announced plans to facilitate foreign investors' purchasing of securities issued by Georgian comapnies. From now, even private companies will be able to save and buy securities through the international central security depository Clearstream. Clearstream is an important player in the securities services industry with consistently…

The ancient Silk Road, or as it is more often called nowadays silk roads, was an ancient trade route from eastern China to various major markets of the ancient and medieval periods (Roman/Byzantine empires, Sasanian Iran, the Arab Caliphate, etc). An important aspect to those trade routes was their changeability…

From now on citizens of Georgia can travel visa free to Montenegro, the Georgian Foreign Ministry announced today. Within the deal Georgians will be able to stay on the territory of Montenegro for 90 days in any 180-day period. Georgians, who have ordinary passports, can travel visa free to 57 countries…