Daily News
May 24, 2022
IN THIS ISSUE:
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| 1. |
NBG: AT THE END OF 2021, THERE WERE 1.8 PAYMENT CARDS PER CAPITA IN GEORGIA
Economics
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National Bank of Georgia (NBG) reported that by the end of 2021, Georgian banks had issued 6.9 million payment cards, which made up 1.8 cards per capita. Out of total, international scheme cards accounted for 93%, NBG noted.
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| 2. |
IN Q1, NUMBER OF DEBIT CARDS IN GEORGIA INCREASED BY 0.6% Y-O-Y
Business
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National Bank of Georgia (NBG) reported that as of March 31, there were 6.27 million debit cards in circulation in the country. The number has decreased by 0.02% quarter-on-quarter, but increased by 0.6% year-on-year.
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| 3. |
IN Q1, NUMBER OF CREDIT CARDS IN GEORGIA INCREASED BY 50.9% Y-O-Y
Business
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National Bank of Georgia (NBG) reported that as of March 31, there were 827,966 credit cards in circulation in the country. The number has increased by 41.4% quarter-on-quarter and by 50.9% year-on-year.
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| 4. |
IN Q1, VOLUME OF DOMESTIC TRANSACTIONS BY GEORGIAN ISSUERS’ CARDS INCREASED BY 28.3% Y-O-Y
Economics
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National Bank of Georgia (NBG) reported that domestic transactions, conducted by resident issuers’ cards in the 1st quarter, totaled to 10.88 billion lari. If compared with the same period of 2021, the volume has increased by 28.3%.
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| 5. |
IN Q1, FOREIGN TRANSACTIONS BY GEORGIAN ISSUERS’ CARDS INCREASED BY 42.8% Y-O-Y
Economics
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National Bank of Georgia (NBG) reported that transactions, conducted in the 1st quarter by resident issuers’ payment cards outside the country, totaled to equivalent of 887.24 million lari. If compared with the same period of 2021, the volume has increased by 42.8%.
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| 6. |
NBG: IN 2021, 2 PROCESSING CENTERS ACCOUNTED FOR 94% OF CARD TRANSACTIONS’ NUMBER AND 89% OF VOLUME
Business
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National Bank of Georgia (NBG) reported that in 2021, combined share of 2 major processing centers in total transactions’ number made up 94%, while in total volume – 89%. These centers are Georgian Card and United Finance Corporation.
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| 7. |
DEPUTY ECONOMY MINISTER: INTEREST TO TRANSPORT CORRIDORS VIA GEORGIA HAS GROWN IN REGION
Politics
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Mariam Kvrivishvili, Georgia’s Deputy Minister of Economy and Sustainable Development, declared that interest to transport corridors via Georgia has grown in the region. Against this background, development of transport infrastructure in the country is especially important, she pointed.
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| 8. |
GEORGIAN PREMIER INVITED MANAGEMENT OF SEVERAL FOREIGN COMPANIES TO THE COUNTRY
Business
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Administration of Georgian government reported that within the framework of the Davos Economic Forum, Georgia’s Prime Minister Irakli Garibashvili met with representatives of several companies and invited them to Georgia in order to get acquainted with the investment environment in the country. The matter concerns the Turkish Limak Group (construction, tourism, infrastructure, aviation, food industry and energy), the Indian multinational conglomerate Adani Group (airport management, electricity generation and renewable energy sources), the American Salesforce (software development).
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