Economic Processes in Georgia in the Сontext of New International Realities

In: Rossija i novye gosudarstva Evrazii: Russia and new States of Eurasia, Heft 1, S. 118-125

Abstract

Georgia has been demonstrating double-digit GDP growth rates for the second year in a row. If in 2021 this growth was associated with a post-pandemic recovery, in 2022 a special contribution to the development of the Georgian economy was made by income from growing tourism and increased remittances from Russia many times over. The new international political reality that has developed in the world since the beginning of the Russian-Ukrainian conflict has also had an impact on the increase in trade flows now going through Georgia. Under the influence of rapid economic growth, the government has developed four main directions of Georgia's development for the future – the transformation of the country into a transport, energy, technological and financial hub.