“GALT&TAGGART” FORECASTS MODERATE GROWTH OF REVENUE OF “GEORGIAN RAILWAY” IN 2023

Galt&Taggart expects that growth of revenue of Georgian Railway in 2023 will be moderate, making up 4.7% year-on-year, and the volume of revenues will amount to $242.3 million.

In its review, Galt&Taggart notes that in 6 months of this year, revenues of Georgian Railway increased year-on-year by 15.5% to $117.7 million mainly due to revenues from freight transportation and logistics services, as well as passenger traffic.