Economy

The Ministry of Health in Georgia has announced plans to fully rehabilitate the Central Republican Hospital, resulting in the clinic's temporary closure and suspension of patient services.

The Ministry of Health reports an artificial increase in the prices of oncological medicines, which is a matter of concern for many citizens.

The Central Election Commission (CEC) has entered into a $4.5 million contract with British company Smartmatic International Holding for electronic vote counting and biometric authentication of voters.

According to STATISTA, the fintech market in Georgia is poised to exceed $1 billion in digital payments by 2023, and to reach $2 billion by 2027.

Nikoloz Gagua predicts the volume of mortgage-backed bonds in Georgia will reach ₾3 billion within the next 2-3 years, following the adoption of legislative framework by Parliament and regulatory rules by the National Bank.

Rehabilitation projects valued up to GEL 20 million are scheduled to begin in the Kvemo Kartli region in 2023.

Geostat, the national statistical service of Georgia, has released a report on the country's foreign trade, revealing an increase in exports in the first two months of 2023.

The Department of Highways of the Ministry of Regional Development and Infrastructure of Georgia has begun rehabilitation works on a 21 km section of the Tbilisi-Tianeti highway of domestic importance.

The implementation of a 1% countercyclical buffer is projected to result in the banking sector losing no more than 400 million GEL, according to SEB Vice-President Papuna Lezhava.