The refinancing rate in Georgia is predicted to increase in March, the Managing Director of Galt & Taggart investment bank Otar Sharikadze has said. According to Sharikadze, the National Bank of Georgia (NBG) will increase the refinancing rate by 1-1.5% at the next meeting of the Monetary Policy Committee of the NBG scheduled for the…
In 2021, 5.3% of the population was exposed to severe material and social deprivation, down by 1.7% YoY. Persons with low income were the most vulnerable to material and social deprivation. Among the lowest income group (first quintile group) the share of the population exposed to severe material and social deprivation reached 16.2% in 2021,…
The National Bank has approved a list of additional measures to maintain the stability of the banking system by minimizing the negative impact of Russian aggression. The regulator has temporarily expanded the list of streamlined regulations governing banking operations. The easing relates to the Regulation on Determining the Amount of credit risk on active banking…