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Mariam Kvrivishvili: “We discussed the prospects of deepening trade and economic relations between our countries with the President of Azerbaijan and the members of the government”

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Minister of Economy and Sustainable Development, Mariam Kvrivishvili, summarized her first official visit to the Republic of Azerbaijan. Kvrivishvili assessed the meeting with the President of Azerbaijan, Ilham Aliyev, as well as with other high-ranking officials of the country, as very important.

“A very fruitful meeting was held with the President of the Republic of Azerbaijan, during which we had the opportunity to discuss the positive dynamics of economic development in our country. At the same time, we presented to the President the government’s policy for the development of various economic sectors, including, most importantly, large and significant projects planned in the energy sector,” – Mariam Kvrivishvili noted.

According to the Minister, the meeting with Ilham Aliyev also touched upon further strengthening of trade and economic relations between the countries in various sectors, including trade, tourism, logistics, transport, etc. Mariam Kvrivishvili stated that they also discussed the importance of peace and stability in the region with the President of Azerbaijan.

As part of visit to Baku, the Minister of Economy and Sustainable Development held meetings with the Ministers of Economy, Energy, and Transport of Azerbaijan, where the parties thoroughly discussed all important current and planned projects that will contribute to deepening economic relations between the countries.

“We particularly focused on the importance of restoring railway passenger traffic with Azerbaijan, which will contribute to strengthening connectivity between the countries and, of course, to the development of Georgia’s tourism and economy,” – Mariam Kvrivishvili said.

 

 

 

 

 

 

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image Inflation expectations for three-year period decrease in July - NBG

18.08.2025.18:13

The National Bank of Georgia (NBG) has published the July survey of economic activity participants on inflation expectations and economic activity.

According to the survey, compared to June, inflation expectations for a three-year period decreased in July. Specifically, fewer participants expect price changes in the range of 6–8% or above 8%.

At the same time, the share of respondents who expect price changes within 4–6% increased. Meanwhile, one-year inflation expectations remained almost unchanged compared to June.

On the one hand, the number of respondents expecting prices to stay the same or rise within 6–8% over the next year increased. On the other hand, the share of those expecting price changes between 0–2% or above 8% decreased.

The survey also shows that expectations for price changes in respondents’ own products and services over the next year have been revised downward.

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