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DAILY NEWS June 21, 2024

IN TOTAL PREMIUM, ATTRACTED IN GEORGIA FROM LAND VEHICLE INSURANCE IN Q1, SHARE OF 3 COMPANIES MADE UP 47.6%

In the 1st quarter, premium attracted in the country from land transport insurance (except for railway), totaled to 70 million lari (year-on-year growth – 25%), the Georgian State Service for Insurance Supervision reported.

In total volume, combined share of 3 companies made up 47.6%, or 36.5 million lari. More...


IN TOTAL PREMIUM, ATTRACTED IN GEORGIA FROM PROPERTY INSURANCE IN Q1, SHARE OF 3 COMPANIES MADE UP 73%

In the 1st quarter, premium attracted in the country from property insurance, totaled to 31 million lari (year-on-year growth – 76%), the Georgian State Service for Insurance Supervision reported.

In total volume, combined share of 3 companies made up 73%, or 22.7 million lari. More...


IN TOTAL PREMIUM, ATTRACTED IN GEORGIA FROM LIABILITY INSURANCE IN Q1, SHARE OF 3 COMPANIES MADE UP 76%

In the 1st quarter, premium attracted in the country from liability insurance, totaled to 8 million lari (year-on-year growth – 25%), the Georgian State Service for Insurance Supervision reported.

In total volume, combined share of 3 companies made up 76%, or 6.2 million lari. More...


IN Q1, CONTRIBUTIONS TO GEORGIA’S NON-STATE PENSION SCHEMES INCREASED BY 36% Y-O-Y

In the 1st quarter, contributions to the country’s non-state pension schemes totaled to 2.07 million lari, the Georgian State Service for Insurance Supervision reported. If compared to the same period of 2023, the volume has increased by 36%. More...


IN Q1, PROFIT OF “CARTU BANK” INCREASED BY 11.7% Y-O-Y

Cartu Bank reported profit of 8.08 million lari for the 1st quarter. If compared to the same period of 2022, the volume has increased by 50%. More...


IN Q1, PROFIT OF “TERABANK” DECREASED BY 8.8% Y-O-Y

Terabank reported profit of 7.69 million lari for the 1st quarter. If compared to the same period of 2022, the volume has decreased by 8.8%. More...


IN Q1, PROFIT OF “PASHA BANK GEORGIA” INCREASED 4 TIMES Y-O-Y

Pasha Bank Georgia reported profit of 1.38 million lari for the 1st quarter. If compared to the same period of 2022, the volume has increased 4 times. More...


IN Q1, LOSS OF “SILK BANK” INCREASED BY 14% Y-O-Y

Silk Bank reported loss of 1.3 million lari for the 1st quarter. If compared to the same period of 2022, the volume has increased by 14%. More...


ECONOMIC PRESS MONITOR June 21, 2024

Rezonansi: “FIRST OPEN CONFRONTATION WITH NEW US AMBASSADOR – WHAT STATEMENT RELEASED “KHALKHIS DZALA” AND WHAT QUESTIONS ROBIN DUNNIGAN HAS”

One of the main topics discussed by US ambassador to Georgia Robin Dunnigan in her interview with the news agency InterPressNews on June 18 was construction of Anaklia port.

The ambassador indicated that the Chinese company (CCCC), selected by the Georgian government as a partner in the project, “does not have a good reputation in the world”. More...


Rezonansi: “FURTHER STRENGTHENING OF LARI IS INEVITABLE – SPECULATIONS ON FOREX MARKET END IN NO WAY”

As sharply lari depreciated, the same way sharply it strengthened – in one day, the rate has strengthened by 6 tetri to 2.7950 GEL/USD, the newspaper says.

Nika Shengelia, vice president of the International Research and Forecasting Center, believes that the national currency will stay at the first stage at 2.76-2.77 GEL/USD, while will remain then in the interval of 2.75-2.8 GEL/USD. More...


Netgazeti.Ge: ““GALT&TAGGART”: IN MAY, APARTMENT SALES IN TBILISI DECLINED BY 7.9%”

In May, 3,197 apartments were sold in Tbilisi, decreasing in number by 7.9% year-on-year and by 0.7% month-on-month, Galt&Taggart reports.

The company attributes the decrease to the abundance of holidays in May and the unstable situation in the country. More...


SPECIAL REPORT June 6, 2024

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

In Georgia, the average cost of a room1 in a 3-star hotel was 157 GEL per night in May 2024, while the average cost of a room in a 4-star hotel in Georgia was 252 GEL per night and the average cost of a room in a guesthouse2 was 118 GEL per night.

The average cost of a room in a 5-star hotel in Georgia in May 2024 was 425 GEL per night. More...


Exchange Rates (NBG)
  06/21/24 + / -
  USD   2.8001   0.0000
  EUR   2.9916   0.0129
  RUR   3.1815   0.0652
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