AS OF SEPTEMBER 30, NBG’S INTERNATIONAL RESERVE ASSETS INCREASED BY 5.8% Y-O-Y

National Bank of Georgia (NBG) reported that as of September 30, its official international reserve assets totaled to $4.31 billion. The volume has increased by 10% quarter-on-quarter and by 5.8% year-on-year. More...

IN H1, 3 COMPANIES ACCOUNTED FOR 62% OF HEALTH INSURANCE PREMIUM

Georgian State Service for Insurance Supervision reported that in total premium, attracted by Georgian insurance sector in 6 months of the year in health (medical) insurance (231.3 million lari), 3 companies accounted for 62%, or 142.8 million lari. If compared with the same period of 2021, the top three has not changed. More...

IN H1, 3 COMPANIES ACCOUNTED FOR 59% OF LAND TRANSPORT INSURANCE PREMIUM

Georgian State Service for Insurance Supervision reported that in total premium, attracted by Georgian insurance companies in insurance of land motor transport (except railway) in 6 months of the year (84.6 million lari), 3 companies accounted for 59%, or 49.7 million lari. If compared with the same period of 2021, composition of the top three remained the same, though positions of the companies have changed. More...

IN H1, 3 COMPANIES ACCOUNTED FOR 74% OF PROPERTY INSURANCE PREMIUM

Georgian State Service for Insurance Supervision reported that in total premium, attracted by Georgian insurers in 6 months of the year in property insurance (64.8 million lari), 3 companies accounted for 74%, or 48.2 million lari. If compared with the same period of 2021, the top three has not changed. More...

IN H1, 3 COMPANIES ACCOUNTED FOR 68.5% OF CARGO INSURANCE PREMIUM

Georgian State Service for Insurance Supervision reported that in total premium, attracted by Georgian insurers in 6 months of the year in cargo insurance (5.46 million lari), 3 companies accounted for 68.5%, or 3.74 million lari. If compared with the same period of 2021, the top three has not changed. More...

IN H1, 3 COMPANIES ACCOUNTED FOR 91% OF LIFE INSURANCE PREMIUM

Georgian State Service for Insurance Supervision reported that in total premium, attracted by Georgian insurers in life insurance in 6 months of the year (36.7 million lari), 3 companies accounted for 91%, or 33.3 million lari. If compared with the same period of 2021, the top three has not changed. More...

REHABILITATION OF KUTAISI AIRPORT RUNWAY HAS BEGUN

Planned rehabilitation of the runway of Kutaisi airport has begun, reported state-owned LLC Georgian Airports Association (operator of the airport).

During the rehabilitation, which will last 2 weeks, flights will be operated from Tbilisi airport. More...

ENVIRONMENTAL SUPERVISION DEPARTMENT REVEALED VIOLATIONS AT PLASTIC BAG MAKERS IN TBILISI AND REGIONS

Georgian Environmental Supervision Department reported about check of 28 entities, engaged in manufacturing bags, both in Tbilisi and in regions, which revealed violations in 9 of them.

As the Department specified, these 9 enterprises violated technical regulations for manufacturing of plastic and biodegradable bags. More...

Bankebi da Finansebi: “DAVITASHVILI – IT IS VERY IMPORTANT THAT WE RAISE THE STANDARD OF LIVING IN SUCH A WAY THAT THE WELL-BEING OF POPULATION IN THIS COUNTRY GROWS”

Levan Davitashvili, Georgia’s Minister of Economy and Sustainable Development, declared that it is very important to increase the well-being of the population, which could be achieved only by growth of salaries. In turn, salaries and incomes in our country will grow, if we maintain high economic growth, the Minister told journalists. More...

Bankebi da Finansebi: “WITHIN ACCELERATED PRIVATIZATION OF STATE PROPERTY, OBJECTS ARE SOLD AT A DISCOUNT”

Within the framework of the state program “100 Investment Offers for Business”, 155 objects have been brought to electronic auctions in Georgia. Auctions will expire on October 19. More...

Forbes Georgia: ““GEORGIA REAL ESTATE” SUCCESSFULLY PLACED BONDS WORTH $35M WITH THE HELP OF “GALT&TAGGART” AND “TBC CAPITAL””

Georgia Real Estate (owner of the development company m²) has placed 2-year bonds of $35 million. The annual fixed yield rate on the bonds makes up 8.5%. More...

MONTHLY TOURISM UPDATE (AUGUST 2022)

- Since the outbreak of the war in Ukraine, the border crossing statistics have revealed significant differences in the number of entries and exits by Russians, Belarusians, and Ukrainians. In August 2022, the difference between the number of entries and exits was highest for Russians, similar to the previous months. More...