Daily News
June 18, 2021
IN THIS ISSUE:
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1. |
IN Q1, MORTGAGE LOANS IN GEORGIA INCREASED BY 4.3% Q-O-Q AND BY 20.3% Y-O-Y
Economics
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National Bank of Georgia reported that mortgage loans, issued by the country’s commercial banks, totaled as of March 31 to 26.2 billion lari. The volume has increased by 4.3% quarter-on-quarter and by 20.3% year-on-year.
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2. |
IN Q1, CONSUMER LOANS IN GEORGIA INCREASED BY 2.6% Q-O-Q AND BY 13.8% Y-O-Y
Economics
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National Bank of Georgia reported that consumer loans, issued by the country’s commercial banks, totaled as of March 31 to 4.86 billion lari. The volume has increased by 2.6% quarter-on-quarter and by 13.8% year-on-year.
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3. |
EBRD TO INVEST $50M IN “GREEN” BONDS OF “GEORGIAN RAILWAY”
Business
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EBRD declared about intention to invest $50 million in “green” bonds, issued by Georgian Railway. The matter concerns emission of 7-year bonds totaling to $500 million, which was placed on London Stock Exchange.
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4. |
IN Q1, PROFIT OF GEORGIAN INSURANCE COMPANIES REDUCED BY 18.7% Y-O-Y
Economics
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Georgian State Service for Insurance Supervision reported that 18 companies, operating on the local market, finished the 1st quarter with total profit of 13.5 million lari. If compared with the same period of 2020, the volume has reduced by 18.7%.
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5. |
IN Q1, 5 COMPANIES ACCOUNTED FOR 68.6% OF TOTAL INSURANCE PREMIUM
Business
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Georgian State Service for Insurance Supervision reported that in total premium, attracted by Georgian insurance companies in the 1st quarter (233.2 million lari), 5 companies accounted for 68.6%, or 160 million lari. The first position is occupied by GPIH with a share of 22%.
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6. |
IN 2020, NUMBER OF MOBILE INTERNET USERS INCREASED BY 2.2%
Business
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Georgian National Communication Commission reported that number of Georgian mobile networks’ subscribers, who use internet services, totaled by the end of 2020 to 3.3 million. If compared with 2019, the number has increased by 2.2%.
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7. |
KYRGYZ “AIR MANAS” TO START OPERATION ON GEORGIAN MARKET
Business
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Georgian Ministry of Economy and Sustainable Development reported that Kyrgyz low-coster Air Manas will carry out charter flights to Georgia. The airline got corresponding permit on June 17.
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