Location map
author: OCHA/ ReliefWeb

- Southwestern Asia, bordering the Black Sea, with a sliver of land north of the Caucasus extending into Europe.
- Neighbours: Azerbaijan, Armenia, Turkey, Russia.

- warm and pleasant;
- Mediterranean-like on Black Sea coast.

Natural hazards:
- earthquakes.

Macro indicators (* 2018 estimates)
GDP*:-EUR billion

Currency: Lari
Code: GEL
Since: 1995

Exchange rates at December 31st:

1 EUR = 3.0701 GEL (2018)
1 EUR = 3.1044 GEL (2017)
1 EUR = 2.7940 GEL (2016)
1 EUR = 2.6169 GEL (2015)
1 EUR = 2.2656 GEL (2014)
1 EUR = 2.3891 GEL (2013)
1 EUR = 2.1825 GEL (2012)
1 EUR = 2.1614 GEL (2011)
1 EUR = 2.3500 GEL (2010)




Georgia FY2018 Market Portfolio

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Latest news

GEORGIA: MARSH enters local market

MARSH, a global leader in insurance broking and risk management, advising clients in over 130 countries, is beginning operation in Georgia, in partnership with the ARRIBA company, Business Georgia reports.

GEORGIA: GPI Holding - Estonian model will boost insurance business

Applying the Estonian model for profit taxation (insurance companies will not be subject to income tax on reinvested profits) will boost development and growth, according to the General director of GPI Holding, Paata LOMIDZE, reported Caucasus Business Week.

GEORGIA: Starting in 2019 the model of financing universal health insurance in the country will change

Beginning in 2019, Georgia will change the model of financing within the General Health Insurance program. According to the Ministry of health the new system of reimbursement provides for transition to a model of diagnostically related groups (DRG), based on which a patient's diagnosis, age, length of hospitalization, and other criteria will determine the amount of funding, wrote Business Georgia.