In 2022, Georgia’s tourism sector still heavily relied on visitors from neighboring countries. The combined share of Russia, Turkey, Armenia, and Azerbaijan accounted for 62% of the total international visitors' trips. It is important to note that these countries had relatively low levels of expenditure per visit.
The global economy remains in a volatile state amid the prolonged effects of the combined negative shocks of the pandemic, Russia’s invasion of Ukraine, high inflation, and the tightening monetary policy. Although the global economy remained resilient at the beginning of the year, the situation is expected to worsen.
On June 6, the Lead Economist of the ISET Policy Institute, Giorgi Papava, took part in the first annual conference of the "Information Integrity" coalition and spoke about the risks and threats associated with Russian capital in Georgia.
On March 29, the ISET Policy Institute hosted a policy presentation on the economic impact of
According to the data, Georgia holds 5th place in the world in terms of entries from Russia in January-September 2022 (with 662,852 exits of Russian citizens from Russia to Georgia-controlled territories recorded in the first 9 months, or 4% of the total recorded exits from Russia).