About 30.54 billion GEL ($9.92 billion or EUR 8.38 billion) was deposited in Georgian banks in July, up by 6.16% MoM, showed the latest data by the National Bank of Georgia (NBG). In the same time period, Georgian banks lent 34.49 billion GEL ($11.2 billion or EUR 9.47 billion), up by 2.05%. The sum of…
The total volume of non-bank deposits in Georgian banking sector in June increased by 1.95% MoM or by 549.44 million lari ($179.3 million), and constituted 28.77 billion lari ($9.3 billion), the National Bank of Georgia (NBG) reported. In June, the volume of term deposits increased by 291.09 million lari ($95.02 million) compared to May. Demand…
Foreign direct investments (FDI) in Georgia amounted to $1.31 billion in 2019, up by 0.3% YoY, showed the latest adjusted data of the National Statistics Office of Georgia (Geostat). The top three countries that invested the most in Georgia in 2019 were the United Kingdom (18%), Turkey (13.4%) and Ireland (10.2%). The share of the…
More than 58 million GEL (about $18.80 million or EUR 15.97 million) was brought into the state budget by the sale of state property in the seven months of 2020, the National Agency for State Property reported. The agency noted that according to data for the first two quarters of 2020, the privatization plan was…
Regular international flights will not resume in Georgia until August 31, the Georgian Civil Aviation Agency has announced, however Paris, Riga and Munich will be exceptions. Tbilisi-Paris, Tbilisi-Munich and Tbilisi-Riga flights are scheduled to resume in August. Air France will carry out two flights a week starting from early August from Paris Charles de Gaulle…
Tbilisi-Paris flights will resume in August, Economy Minister Natia Turnava has said, adding that Georgia is negotiating with airBaltic to resume Tbilisi-Riga flights as well. Air France will carry out two flights a week starting from early August from Paris Charles de Gaulle and Tbilisi International Airports. Turnava noted that Georgia was negotiating with countries…
Solar power systems have been installed in highland villages that are not linked to the national electricity grid in Georgia’s eastern Akhmeta municipality. With the technical support of the USAID Energy Program 25 solar power systems have been installed for permanent resident families in the municipality, including the iconic mountainous region of Tusheti. Each solar…