Daily News February 26, 2021	Days:  24 25 26 01 02

politics

NEW HEAD APPOINTED TO ROADS DEPARTMENT

Georgian Roads Department announced about appointment of the new head. From now, the Department will be headed by Giorgi Tsereteli.

economics

GEORGIA’S REAL GDP REDUCTION IN JANUARY MADE UP 11.5% Y-O-Y

Sakstat released estimation, according to which Georgia’s real GDP reduction in January made up 11.5%, if compared with the same month of 2020.

As Georgian statistics service indicated, reduction in January was observed in such sectors, as construction; transport and warehousing; manufacturing; accommodation services; arts, entertainment and leisure; real estate transactions; etc.




IN 2020, YIELD ON GEORGIAN GOVERNMENT BONDS MADE UP 1.6%, ON ONES OF “GEORGIAN RAILWAY” – 4%, “GEORGIAN OIL AND GAS CORPORATION” – 3%

National Bank of Georgia (NBG) reported that in 2020, annual weighted yield on 10-year bonds of Georgian government made up 1.6%. In 2018, the yield made up 4.4%, in 2019 – 2.6%.




“GEORGIAN RAILWAY” RESUMES PASSENGER TRANSPORTATION

After a 3-month pause, Georgian Railway resumes passenger transportation. As the company declared, trains will run on the main routes starting from February 27.




IN 2019, TOTAL CREDITS INCREASED BY 9.1% WITHOUT ENVISAGING EXCHANGE RATE EFFECT

National Bank of Georgia reported that total loans in the country amounted as of December 31, 2020 to 38.2 billion lari. If not envisaging effect of the exchange rate, the volume has increased year-on-year by 9.1%, against of 16.1% in 2019.




IN 2019, TOTAL DEPOSITS INCREASED BY 21.7% WITHOUT ENVISAGING EXCHANGE RATE EFFECT

National Bank of Georgia reported that total deposits in the country amounted as of December 31, 2020 to 34.6 billion lari. If not envisaging effect of the exchange rate, the volume has increased year-on-year by 21.7%, against of 9.1% in 2019.




IN 2020, COMMERCIAL BANKS’ ROA MADE UP 0.2%, ROE – 1.8%

National Bank of Georgia reported that in 2020, return on assets (ROA) of the country’s commercial banks made up 0.2%, against of 2.2% in 2019. Return on equity (ROE) made up 1.8%, against of 17.7%.

business

IN 2020, AVERAGE PRICE PER SHARE OF “TBC BANK GROUP” ON LONDON STOCK EXCHANGE MADE UP 12.1 GBP, OF “BOG GROUP” – 12 GBP

National Bank of Georgia reported that in 2020, average price per share of TBC Bank Group on London Stock Exchange made up 12.1 GBP. In 2019, the price made up 12.9 GBP, in 2018 – 14.3 GBP.