AS OF MARCH 31, VOLUME OF MORTGAGE LOANS ISSUED BY GEORGIAN BANKS IN LARI INCREASED BY 26% Y-O-Y

As of March 31, mortgage loans issued by Georgian banks in national currency totaled to 16.76 billion lari, National Bank of Georgia reported. If compared to the same period of 2023, the volume has increased by 26%. More...

AS OF MARCH 31, VOLUME OF MORTGAGE LOANS ISSUED BY GEORGIAN BANKS IN FOREIGN CURRENCY INCREASED BY 20.6% Y-O-Y

As of March 31, mortgage loans issued by Georgian banks in foreign currency totaled to equivalent of 18.39 billion lari, National Bank of Georgia reported. If compared to the same period of 2023, the volume has increased by 20.6%. More...

“TBC CAPITAL”: ON GEORGIAN MARKET, INVESTORS PREFER RELATIVELY SHORT-TERM BONDS

“On the local market, investors tend to favor relatively short-term bonds due to the shorter saving horizon”, TBC Capital said in the overview of Georgia’s capital market.

The overview indicates that maturity of approximately 68% of bonds, which is equivalent to 1.4 billion lari, expires in 2024-2026. More...

“TBC CAPITAL”: AUTOMOTIVE INDUSTRY ACCOUNTS FOR LARGEST SHARE OF ISSUANCES ON LOCAL CORPORATE BOND MARKET

“As of 2023, the automotive industry constitutes the largest share of issuances on the local corporate bond market, accounting for 32%”, TBC Capital said in the overview of Georgia’s capital market.

According to the overview, the second largest industry is non-bank financial institutions, followed by hotel business and other industries. More...

NBG RESEARCH: GEORGIAN ENERGY SECTOR PORTFOLIO IS CHARACTERIZED BY ONE OF LOWEST CREDIT RISKS

Georgia’s energy sector portfolio is characterized by one of the lowest credit risks, but at the same time a relatively high concentration, National Bank of Georgia (NBG) indicated in a research. Presentation of the research by the NBG Specialized Risks Department took place today. More...

NBG AND GNERC AGREE ON COOPERATION

Georgian National Energy and Water Supply Regulating Commission (GNERC) and National Bank of Georgia (NBG) agreed on cooperation. The memorandum between the parties was signed today. More...

IDFI CALCULATIONS: IN GEORGIA, APPROXIMATE SIZE OF OPEN DATA MARKET MAKES UP 0.9% OF GDP

Institute for Development of Freedom of Information (IDFI) declared that according to their calculations, approximate size of Georgian open data market makes up 0.9% of GDP. Taking into account the expected GDP for 2023, this corresponds to 714.2 million lari, the organization specified. More...

Netgazeti.Ge: “IVANISHVILI’S ANTI-WESTERN MESSAGES ON THE COUNTERACTION”

In order to demonstrate support to the ruling Georgian Dream, a gathering was held on Rustaveli Avenue in Tbilisi, to which residents of the regions, mainly employed in the budget sector, were massively delivered in an organized manner.

During his speech at the gathering (in essence, the counteraction for rallies, which are held there in protest against the bill “On Transparency of Foreign Influence” (which the public dubbed as “Russian Law”), honorary chairman of the Georgian Dream Bidzina Ivanishvili defended the bill. More...

Bankebi da Finansebi: “ACCORDING TO THE IMF, GEORGIA WITH ITS LONG-TERM 12-YEAR DECLINE IN UNEMPLOYMENT IS AMONG THE WORLD’S TOP TEN COUNTRIES”

According to the IMF, Georgia is among the top ten countries (ranked 9^th), where unemployment will decrease by the largest percentage points for the last 12 years. While reporting this, the article indicates that this information is disseminated by the ruling Georgian Dream. More...

Forbes Georgia: “IN Q1, ELECTRICITY GENERATION INCREASED BY 6.5%, WHILE CONSUMPTION – BY 2%”

In the 1^st quarter, electricity generation in Georgia totaled to 3.3 million kWh, increasing by 6.5% year-on-year, the magazine reports with reference to Georgian National Energy and Water Supply Regulating Commission.

Hydrogenation amounted to 2.1 million kWh, increasing by 40%. More...

AVERAGE HOTEL PRICES AND HOTEL PRICE INDEX IN GEORGIA (MARCH 2024)

In Georgia, the average cost of a room¹ in a 3-star hotel was 153 GEL per night in March 2024, while the average cost of a room in a 4-star hotel in Georgia was 247 GEL per night and the average cost of a room in a guesthouse² was 133 GEL per night.

The average cost of a room in a 5-star hotel in Georgia in March 2024 was 449 GEL per night. More...