Gross domestic product (GDP) grew by 10.5 percent year-on-year in January-October after contracting 5.1 percent in the same period last year.

Commercial banks reported a total net profit of 1.760 billion lari ($568 million) from January to October compared to a loss of 85.9 million lari in the same period in 2020.

Gross domestic product (GDP) grew by 11.3 percent year-on-year in January-September this year after contracting 5.0 percent in the same period last year.