TBILISI, April 28 Georgia's economic growth
accelerated to 5 percent year-on-year in the first quarter of
2017 from 2.3 percent in the same period a year ago, the
National Statistics Service said on Friday, helped by a rise in
exports and by remittances from Georgians living abroad.
In March alone, growth was 5.3 percent, up from 3.4 percent
in March 2016 and from 4.4 percent in February 2017.
The former Soviet republic, through which pipelines carry
Caspian oil and gas to Europe, is recovering from a fall in
exports and plunge in the currencies of its main trading
partners that have depressed economic growth in recent years.
Georgia's economy expanded by 2.2 percent last year, down
from 2.9 percent in 2015.
The government in Tbilisi expects the economy to grow by 4
percent in 2017.
(Reporting by Margarita Antidze; Editing by Mark Trevelyan)