Newstrail.com

Russian influx boosts Georgian economy, but not everyone is feeling the boom

Published by
Eurasianet

With tens of thousands of Russians arriving in Georgia since the war in Ukraine began, data suggest the economy is booming: GDP is up by double digits, the currency is the strongest it’s been in years, and remittance money is flowing in. But many Georgians are failing to see much benefit, as the most tangible economic change has been spiraling inflation, and many Georgians remain largely unwelcoming of the new arrivals. Nine months following the start of the war, the large number of Russian emigres in Georgia’s big cities, and their economic contributions, are impossible to miss. At currency e…

Read More