IN 2021, COPPER LED IN GEORGIAN EXPORT AGAIN

Sakstat reported that in 2021, copper ore and concentrates led in Georgia’s export again. The volume amounted to $815.4 million (year-on-year growth – 4.7%), making up 19.2% of total export of the country. More...

IN 2021, PASSENGER CARS LED IN GEORGIA’S IMPORT AGAIN

Sakstat reported that in 2021, passenger cars led in Georgia’s import again. The volume amounted to $898.8 million (year-on-year growth – 15%), making up 15% of total import of the country. More...

IN 2021, 5 SYSTEMS SERVED 81% OF REMITTANCES TO GEORGIA

National Bank of Georgia (NBG) reported that in total volume of remittances, transferred to Georgia in 2021, 5 systems served 81%, or $1.9 billion.

The first position is occupied by RIA again, which served 19.8% of the total volume, or $464.4 million. More...

IN 2021, 5 SYSTEMS SERVED 90.2% OF REMITTANCES FROM GEORGIA

National Bank of Georgia (NBG) reported that in total volume of remittances, transferred from Georgia in 2021, 5 systems served 90.2%, or $285.7 million.

The first position is occupied by Golden Crown, which served 47.1% of the total volume, or $149.3 million. More...

IN 2021, PROFIT OF GEORGIAN BANKS 2.2 TIMES EXCEEDED SHOWING OF 2019

National Bank of Georgia (NBG) reported that in 2021, net profit of all 14 Georgian banks totaled to 2.08 billion lari, 2.2 times exceeding the showing of 2019 (i.e. before the pandemic).

In 2020, net profit made up only 99.4 million lari, as in March, the banking sector recorded losses of 944.1 million lari, which was caused by creation of loan loss reserves (due to restrictions, imposed in response to the pandemic). More...

IN 2021, INTEREST INCOME OF GEORGIAN BANKS INCREASED BY 18.9%, NON-INTEREST INCOME – BY 37.4%

National Bank of Georgia (NBG) reported that in 2021, revenues of all 14 Georgian commercial banks totaled to 5.97 billion lari. If compared with 2020, the volume has increased by 22.3%. More...

TBILISI MAYOR: PROCESS OF REPLACEMENT AND RENEWAL OF MINIBUS FLEET IS COMPLETED

Tbilisi Mayor Kakha Kaladze declared that 1,000 minibuses have arrived already in Tbilisi, which will start serving various routes on February 1.

With arrive of this lot, the process of replacement and renewal of the capital’s minibus fleet has been completed, the Mayor declared at the city government meeting today and stressed that from February 1, so-called yellow minibuses will no longer move in Tbilisi (the new minibuses are blue). More...

REHABILITATION OF TBILISI SUBWAY STATION “VARKETILI” TO COST 7M LARI

Tbilisi Mayor Kakha Kaladze declared about announcement of a tender for rehabilitation of Varketili subway station. Budget of the planned rehabilitation makes up 7 million lari, he said at the city government meeting today. More...

Rezonansi: “PROJECT OF EMERGENCY BUILDINGS’ REPLACEMENT IN TBILISI TO INVOLVE CONSTRUCTION COMPANIES”

Tbilisi Mayor Kakha Kaladze declared that the program of replacement of emergency houses in Tbilisi will start this year. This year, 20 million lari has been allocated from the city budget for the program, he said. More...

Tabula: “SJC: WORKS ON PARK ARRANGEMENT ON FORMER HIPPODROME’S TERRITORY ARE CARRIED OUT WITH VIOLATION OF THE LAW”

Social Justice Center (SJC) declared that Tbilisi City Hall is carrying out works on park’s arrangement on the territory of the former hippodrome with violation of the law.

In particular, Cartu foundation (charity, established by Bidzina Ivanishvili, billionair founder of ruling Georgian Dream) is carrying out works on a land plot, owned by the municipality, on the basis of a preliminary design, while no detailed design of the park exists until now, SJC specified. More...

Bankebi da Finansebi: “AS OF DECEMBER 31, “VTB BANK” HAS FULLY RESTORED CAPITAL BUFFERS”

As of December 31, 2021, VTB Bank Georgia has fully restored capital buffers, the newspaper reports.

To remind, deadline for capital-related preferences, established by National Bank of Georgia (NBG) in response to COVID-19, expires in the end of 2023. More...

MONTHLY TOURISM UPDATE (NOVEMBER 2021)

- The number of international travelers¹ increased by 288.8% in November 2021, compared to the same period of 2020, and declined by 73.0% compared to the same period in 2019. Meanwhile, the number of international visitors² increased by 267.2% (2021/2020) and declined by 69.3% (2021/2019), and the number of international tourists³ increased by 283.2% (2021/2020) and declined by 55.3% (2021/2019). More...