According to Natia Turnava, in the first 9 months of 2021, the volume of rail freight traffic has increased by about 12 percent, as well as a double-digit increase in railway revenues has been observed.

As the rating company reports, the improvement of the Georgian Railway rating outlook this year was conditioned by the stable growth of cargo turnover and the boosted operational indicators. Another important factor is the refinancing carried out in 2021, according to which, the Georgian Railway has significantly improved its loan costs.