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Updated: 2 days 33 min ago

Program Enterprise Georgia Has 1,338 Winners

Tue, 08/30/2022 - 16:13
Tbilisi (GBC) – Program Enterprise Georgia has 1,338 winners.

I would like to thank President Erdogan, Army and Brigade – PM

Mon, 08/29/2022 - 12:06
Tbilisi (GBC) - The Prime Minister of Georgia, Irakli Garibashvili, summarized the process of extinguishing the fire in Borjomi municipality at Monday's government meeting and thanked the President of Turkey, Recep Tayyip Erdoğan, for his help with firefighting aviation.

Kakheti Region Has A New State Representative

Mon, 08/29/2022 - 12:06
Tbilisi (GBC) - Giorgi Aladashvili has been appointed State Representative in Kakheti. Today, the Prime Minister held a meeting with the newly appointed Governor. The region’s ongoing and planned projects were discussed during the meeting.

Banks’ chartered capital increased by 1.5 bln per year

Mon, 08/29/2022 - 12:05
Tbilisi (GBC) - In July, chartered capital of commercial banks operating in Georgia amounted to 8,596,154,297 GEL, which is 1.551 billion GEL higher than the figure of the same period of the previous year. In July 2021, chartered capital of banks operating in Georgia was 7,045,277,178 GEL.

Georgia Sold $11 MLN Worth Of Electricity In June

Mon, 08/29/2022 - 12:05
Tbilisi (GBC) - According to the Electric Energy Market Operator (ESCO) of Georgia, the total local production in June amounted to 1.5 thousand GW/h (+12.2% Y.Y). Of this, 3.4 GW/h comes from thermal power plants (0.2%), 1.49 thousand GW/h from hydroelectric plants (99.4%), and 5.9 GW/h from wind power plants (0.4%).

Bank Of Georgia and TBC Bank Shares UP, While TBC Capital’s – Down

Mon, 08/29/2022 - 12:04
Tbilisi (GBC) – According to the Weekly Market Watch, published by Galt & Taggart, price on Georgian companies’ shares changed in different directions last week.

Eurobond Prices Of Georgian Companies Changed In Different Directions

Mon, 08/29/2022 - 12:04
Tbilisi (GBC) – According to Galt & Taggart, Bank of Georgia Group Eurobonds (GEBGG) closed at 4.29% yield, trading at 101.50 (+0.26% w/w).

Gas Imports And Consumption Up By 13%

Mon, 08/29/2022 - 12:03
Tbilisi (GBC) - According to the GNERC, the import of natural gas in June amounted to 103.2 million kb/m, which was 13.3% more than the figure of the same period of the previous year (June 2021 - 91.1 million kb/m).

Medicines imported from Ukraine are 63% cheaper than Turkish ones

Fri, 08/26/2022 - 10:00
Tbilisi (GBC) - In July, 943 tons of medicinal products worth $38.6 million entered Georgia, which in monetary terms is 30% more than the same period of the previous year (July 2021 - 705 tons worth $27.7 million).

Kutaisi as a secret destination - Let's GET LOST with WIZZAIR in Kutaisi

Fri, 08/26/2022 - 09:58
Tbilisi (GBC) - Kutaisi and Imereti region will be in the center of attention of the world's digital media for three days. The participants of the well-known large-scale project "Let's GET LOST with WIZZAIR" will be hosted by Kutaisi and Imereti region from August 26-28. After Great Britain, Spain and Austria, Georgia will become the first country where such an unprecedented and large-scale project will be implemented.

Non-cash spending by non-residents remains high at +49% relative to 2019

Fri, 08/26/2022 - 09:57
Tbilisi (GBC) – According to TBC Capital, in the 1-20 August period, growth of non-cash spending by non-residents, through TBC Bank’s channels, slowed down, but remains high at +49% relative to 2019.

New Mortgage Issuances Declined - TBC Capital

Fri, 08/26/2022 - 09:56
Tbilisi (GBC) - In the 1-21 August period, new mortgage issuances declined compared to the previous year’s indicator and growth totaled -3% YoY, - according to the report published by TBC Capital.

In 2021, 18 283 people were employed in hotels and hotel-type enterprises in Georgia

Fri, 08/26/2022 - 09:55
Tbilisi (GBC) – In 2021, there were 1 726 economic entities1 working in hotel services in Georgia which owned 1 776 hotels and hotel-type enterprises (including local units and branches), - according to the National Statistics Office of Georgia (Gostat).

No one is interested in Tskaltubo sanatoriums brought out for auction

Fri, 08/26/2022 - 09:53
Tbilisi (GBC) - There is no interest in the Tskaltubo sanatoriums brought out for the auction again on August 4 by the Government of Georgia. As of August 26, none of the 12 sanatoriums have bids. The auction ends on September 16.

Retail deposits increased in GEL, while decreased in foreign currency / TOP 7 depository banks

Fri, 08/26/2022 - 09:52
Tbilisi (GBC) - As of August 1, the volume of deposits of retail households amounted to 20.6 billion GEL, increased by 0.11% m-o-m, while - by 6.4% y-o-y.

Re-export of cars increased by 140%

Thu, 08/25/2022 - 19:06
Tbilisi (GBC) - According to Giorgi Surguladze, Director of Caucasus Auto Import, the demand for used cars has increased dramatically during the summer in the local and neighboring markets.

Exports in Turkey increased two-folds compared to imports

Thu, 08/25/2022 - 19:06
Tbilisi (GBC) –Georgia's foreign trade with Azerbaijan, Armenia and Turkey increased in July. Trade turnover with Armenia increased at the highest rate - by 74%, Turkey is in the second place with the growth rate - 37.8%, and Azerbaijan is in the third place - with an increase of 8.4%.

More than 7 million cards are in circulation in Georgia

Thu, 08/25/2022 - 19:04
Tbilisi (GBC) - According to the data of the National Bank of Georgia, the number of credit cards in circulation in Georgia amounted to 576,081 in July, while debit cards - 6,504,238.

The volume of interbank deposits almost doubled

Thu, 08/25/2022 - 19:04
Tbilisi (GBC) – The volume of interbank deposits has almost doubled and exceeds 1,432 billion GEL in commercial banks of Georgia in July, compared to July 2021, (July 2021 – 762 million). This is stated in the statistical data of the National Bank of Georgia, which was published on Thursday, December 25.

As of August 1, 41.3 billion GEL loans have been issued to the national economy

Thu, 08/25/2022 - 19:03
Tbilisi (GBC) - According to the statistical data published by the National Bank on Thursday, the debt with loans issued by commercial banks to the national economy (resident legal and natural persons) amounts to 41,289,691,204 GEL as of August 1. Among them, the volume of loans issued in national currency amounts to 22,495,009,807 GEL, while the equivalent of 18,794,681,397 GEL was issued in foreign currency during the reporting period.