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• In August 2015, domestic production in Georgia increased by 2.3% annually – a figure that is expected to retain stability around this year’s overall trend.
• Consumer price inflation reached its highest value in two years (5.4%). The August 2015 increase in electricity tariffs and the growing number of tourist arrivals put additional upward pressure on consumer price inflation.
• Georgia’s main economic indicators show remarkable resilience, especially in light of the economic pressures from neighboring countries.
• Between July and August, the value of the Georgian lari against the dollar fell once more. In spite of this, the national currency remains relatively stable against the basket of Georgia’s trading partner currencies.
• Export growth continued to decline in annual terms, but there are signs that export patterns have recently been shifting. Georgian companies are looking for new trading partners in Europe and beyond.
• Bulgaria became Georgia’s fastest growing export destination for the second consecutive month.
The Georgian wine industry had a couple of very good years in 2013 and 2014, following the opening of the Russian market. Exports skyrocketed, prices of grapes followed suit. For all the talk about diversification, within just two years, Russia’s share in the total exports of Georgian wine shot up from 0 to almost 68%

• In July 2015, domestic production in Georgia increased by 3% annually, maintaining a stable and positive trend.

• Consumer price inflation reached the highest value (4.9%) in two years. The 1 August 2015 increase in electricity tariffs is likely to put some additional upward pressure on consumer price inflation in the coming months.

• Compared to the previous month, the value of the Georgian lari has stabilized against the dollar in July and appreciated slightly against the currency basket of Georgia’s trading partners.

• Export growth continued to decline in annual terms, reflecting the declining demand for Georgian exports from main trading partners, including Russia, Azerbaijan, Turkey and Ukraine.

• Bulgaria became Georgia’s fastest growing export destination in July.

• The new excise tax adopted by government at the beginning of the year increased annual tax income from excise by 44%, and contributed 37% to the total increase in government income from all taxes.

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