Daily News March 1, 2021	Days:  25 26 01 02 04

politics

“S&P” LEFT GEORGIA’S RATING “BB” INTACT, BUT OUTLOOK TURNED “NEGATIVE”

S&P Global has maintained Georgia’s sovereign credit rating at “BB” level, Georgian Finance Ministry reported. However, the outlook became “negative”, against of “stable”.




EC PRESIDENT AND GEORGIAN PREMIER DISCUSSED SITUATION IN THE COUNTRY

Georgia’s Prime Minister Irakli Garibashvili had a tete-a-tete meeting with President of the European Council Charles Michel, who is on official visit to Georgia, in Tbilisi today, administration of Georgian government reported.

The government administration said that participants of the meeting indicated importance of the parties’ efforts to turn the current political processes in Georgia into mode of a constructive dialogue against the background of existing challenges in the world and the region.




NEW OFFICES OF EU AND EIB OPENED IN TBILISI

New offices of the EU Delegation to Georgia and European Investment Bank (EIB) were opened today. The offices are located in Tbilisi, on Chavchavadze Avenue (Vake district).

economics

AT THE END OF 2020, ACCUMULATIVE PENSION ASSETS TOTALED TO 1.16B LARI

Sakstat reported that portfolio of accumulative pension assets amounted as of December 31, 2020 to 1.16 billion lari. Number of participants of the accumulative pension scheme exceeded 1.1 million.

business

“FINCA BANK GEORGIA” FINISHED 2020 WITH LOSS

FINCA Bank Georgia reported loss of 2.9 million lari for 2020. According to quarterly report of the bank, it had profit of 3.4 million lari in 2019.




IN 2020, LOSS OF “SILK ROAD BANK” INCREASED 5.65 TIMES

FINCA Bank Georgia reported loss of 1.2 million lari for 2020. According to quarterly report of the bank, the volume has increased 5.65 times year-on-year.




IN 2020, OTC DEALS ACCOUNTED FOR 99.8% OF TOTAL SHARES’ TURNOVER ON GEORGIAN MARKET

Georgian Stock Exchange reported that in 2020, over-the-counter (OTC) deals accounted for 99.8% of total turnover of shares on Georgian market. Namely, OTC deals totaled to 19.68 million lari, increasing by 1.1% year-on-year.