Georgian Companies Lose 900 million GEL at London Stock Exchange
At London Stock Exchange (LSE) the capitalization of four Georgian companies (Bank of Georgia, Georgian Capital, Georgian Healthcare Group and TBC Bank) declined by 254 million GBP (900 million GEL) for one week, according to the Galt&Taggart indicators.
World Atlas: What Are The Biggest Industries In Georgia?
World Atlas reports that the industrial sector contributes 24.6% to the GDP of Georgia. The edition lists the biggest industries in Georgia.
Georgia’s Highlands to Benefit from a Four-year Development Strategy
Georgia is famous for its soaring mountain peaks, which attract thousands of tourists for skiing and hiking holidays.
EBRD Statement on TBC Bank Group Georgia
The EBRD notes the recent board changes at TBC Bank Group PLC. The bank is a solid financial institution led by a strong management and an independent board of directors.
Monetary Policy Rate Unchanged - GEL Assessed as Likely Undervalued
On its 24th of July meeting, the Monetary Policy Committee (MPC) of the National Bank of Georgia decided to keep the policy rate unchanged at 6.5%.
Trade Balance Continued to Improve in June
Exports remained flat (-0.2% YoY) in June when expressed in USD. In EUR and GEL growth stood at 3.3% and 12.8%, respectively.
Georgian Port of Batumi is the Main Gateway for Cargo Transportation to Azerbaijan from European countries.
Georgian port of Batumi is the main gateway for cargo transportation to Azerbaijan from European countries. Batumi Sea Port has revealed cargo transportation volumes for the first half of this year.
Financing for Infrastructural Projects in 2019 to Increase by 20%
According to the Head of Government, the financing for infrastructural projects in 2019 will increase by 20%, a record-breaking indicator in the history of independent Georgia.
Geostat: Georgia’s Trousers Exports Grow by 47% to 7.5 million USD
Exports of males’ trousers, jumpsuits and shorts have increased, Geostat, the national statistics service of Georgia, says.