Home / Tag Archives: revenue

Tag Archives: revenue

Tourism Sector Revenues Exceeded 1 billion USD

In January-May 2018 the tourism sector inflows made up 1.036 billion USD, including 246 million USD in May, up 19.9% compared to the same period of 2017. We remind you that in May Georgia hosted 633 086 international visitors, up 7.8% year on year, including 359 744 tourists were recorded …

Read More »

Teliani Valley Revenues Rose by 94.4%

Teliani valley

Teliani Valley revenues rose by annual 94.4%. The growth tendency started after the company launched beer and lemonade production in 2017. The company also continues diversification of wine and beer business and expands the distribution network. Teliani Valley plans to expand the space of vineyards to 1000 hectares in 3 …

Read More »

Banking Sector’s Revenues Grow

The banking sector’s revenues have increased by 113 million GEL year on year (+20% year on year). In the first quarter of 2018 the sector’s revenues amounted to 941.5 million GEL. In the same period of 2017, commercial banks received 828 million GEL revenues. According to National Bank of Georgia …

Read More »

Georgian Lender BGEO Increase Porfit and Revenue in First Quarter

Georgian Lender BGEO Increase Porfit and Revenue in First Quarter

Georgian banking and investment firm BGEO Group PLC said Wednesday it increased its pretax profit and revenue in the first quarter of 2017. FTSE 250-listed BGEO reported a pretax profit of GEL113.3 million for the three months to March 31, or approximately GBP35.8 million. This was up 17% from GEL97.0 …

Read More »

Georgia’s Revenues from Foreign Tourism Totaled $481 million

In the fourth quarter of 2016 Georgia’s revenues from foreign tourism constituted 481 million USD, up 12.5% year on year (+54 million USD). According to National Tourism Administration, in 2016 Georgia’s total revenues from foreign tourism exceeded 2.2 billion USD, up 11.9% year on year (+230 million USD). Tourism sector’s …

Read More »

Tourism Revenues Exceed Two Billion USD

Fitch georgia

The numbers of tourists in Georgia have increased by half a million, and tourism revenues exceed two billion USD. The Prime Minister of Georgia commented on the positive tourism statistics at today’s Government meeting. According to Giorgi Kvirikashvili, it is truly commendable that, in 2016, over 6,350,000 international guests visited …

Read More »

Revenues from Tourism Sector Keeps Growing

The pleasant tendency of the past years goes on in 2016 too and Georgia is hosting more and more foreign tourists every year. Tourism is one of the fields, if not only one, that has been growing over the past 10 years in constant regime. This year the tourism inflows …

Read More »

Georgia’s Commercial Banks’ Profits Shrink

The bank sector’s profits in February 2016 marked 16 million GEL, down by about 300% year on year. The figure has increased by 18% as compared to February 2014. As of March 1, 2016, six commercial banks have ended the reporting period in losses (∑6.1million). The Georgian bank sector currently …

Read More »

State Budget Revenues Shrink in January-February

Lari

In January-February 2016 the state budget revenues marked 1 178 million GEL, down 163 million GEL (-12%) compared to the same period of 2015. It is worth noting that, compared to the 1Q15 plan, the first quarter of 2016 is expected to receive 280 million GEL less revenues. Tax revenues …

Read More »

Georgian Population Spends 44% of Incomes on Food

shopping

The averaged bill amount at the trade networks are declining. This signifies the GEL depreciation has made the consumers to cut daily expenses on essentials compared to the previous years. The averaged bill has shrunk by about 10% in 2015 compared to 2014. The quantity of consumers has not diminished …

Read More »

Revenues Increased by 38% to the Banking Sector

Banking sector’s revenues of 11 months exceed 3,1 billion GEL, while 1,8 billion (58%) is gained from loans. Banks’ revenues are grown by 38% year-over-year (01.12.14 – 2,288), which exceeds by 4,9% (more 8 times) comparing to the previous year’s growth year-over-year. The expenditures total to 2,6 billion GEL through …

Read More »