Sarke8h
AS OF END OF 2024, INTERNATIONAL RESERVE ASSETS OF NBG DECREASED BY 11.2% Y-O-Y
The National Bank of Georgia (NBG) reported that as of December 31, 2024, its official international reserve assets amounted to $4.45 billion (estimation). If compared to the same period in 2023, the ...
Sarke8h
IN DECEMBER 2024, ANNUAL INFLATION IN GEORGIA MADE UP 1.9%
In December 2024, compared to the corresponding period of 2023, the inflation rate in Georgia made up 1.9% (against of target of 3%), Sakstat reported. If compared to the previous month (i.e. November ...
Sarke8h
NBG: IN Q3 OF 2024, RATIO OF CURRENT ACCOUNT BALANCE TO GDP IMPROVED
In the 3 rd quarter of 2024, ratio of the country’s current account balance to GDP has improved from negative 0.2% to 0.7%, the National Bank of Georgia (NBG) reported. As NBG noted, the balance has ...
Sarke8h
“GALT&TAGGART” SLIGHTLY DECREASED FORECAST OF GEORGIAN ECONOMIC GROWTH IN 2024
In its weekly review of January 6, Galt&Taggart declared about decrease of forecast of Georgia’s economic growth in 2024 to 9.4% from the previous 9.7%. As the company noted, the forecast was revised ...
Sarke8h
IN NOVEMBER 2024, GEORGIA’S REAL GDP GROWTH MADE UP 7.5%
In November 2024, compared to the corresponding period of 2023, Georgia’s real GDP growth made up 7.5%, Sakstat reported (estimation). For the first 11 months of the year, the average growth rate made ...
Sarke8h
IN GEORGIA, LEGISLATIVE AMENDMENTS ON AGROTOURISM AND WINE TOURISM SUBJECTS BECAME EFFECTIVE
On January 1, amendments to Georgian Tax Code entered into force, which apply to category of persons with the status of subjects of agrotourism and wine tourism. The amendments determine that the ...
Sarke13d
GEORGIAN COMPETITION AGENCY SIGNED A CONDITIONAL LIABILITY AGREEMENT WITH “LUTECIA” CHAIN OF STORES
A conditional obligations agreement was signed in favor of the consumer with LLC Iveria France (chain of Lutecia perfume stores), Georgian Competition and Consumer Protection Agency reported. The ...
Sarke13d
IN Q3, PROFIT OF “ZIRAAT BANK GEORGIA” DECREASED BY 31.6% Y-O-Y
Ziraat Bank Georgia reported profit of 4.55 million lari for the 3 rd quarter. If compared to the same period of 2023, the volume has decreased by 31.6%. Full text is not available for the guests.
Sarke13d
IN Q3, PROFIT OF “ISBANK GEORGIA” DECREASED BY 14.1% Y-O-Y
Isbank Georgia reported profit of 11.7 million lari for the 3 rd quarter. If compared to the same period of 2023, the volume has reduced by 14.1%. Full text is not available for the guests. Please, ...
Sarke13d
MONUMENT TO HERACLIUS II WILL BE ERECTED IN TBILISI’S RENOVATED SAMGORI PARK
MONUMENT TO HERACLIUS II WILL BE ERECTED IN TBILISI’S RENOVATED SAMGORI PARK. In the autumn of 2025, Georgia’s government is going to erect a monument to the Georgian king Ere ...
Sarke13d
IN Q3, “VTB BANK GEORGIA” REPORTED LOSS
VTB Bank Georgia reported loss of 444,354 lari for the 3 rd quarter. In the same period of 2023, the bank had profit of 15.7 million lari. Full text is not available for the guests. Please, login, if ...
Sarke13d
IN Q3, LOSS OF “SILK BANK” INCREASED 5 TIMES Y-O-Y
Georgian Silk Bank reported loss of 8.42 million lari for the 3 rd quarter. If compared to the same period of 2022, the volume has increased 3.5 times. Full text is not available for the guests.