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The biggest risk to the Georgian banking system at present is dollarization, the head of the National Bank of Georgia Koba Gvenetadze said. According to him, this opinion is shared not only by him, but by independent agencies and …
Commercial banks and card processing systems operating in Georgia are not in cooperation with the Russian payment system Mir, the National Bank of Georgia said. Operations in the Mir platform do not concern the Georgian financial …
The National Bank of Georgia has increased the refinancing rate by 0.5 percentage points to 9% today. The annual inflation in November reached 7%, which was mainly influenced by the depreciation of the Georgian lari, the bank …
Georgian Prime Minister Giorgi Gakharia has urged the National Bank of Georgia to actively use all instruments at its disposal to ensure price stability and inflation targeting. Gakharia noted that fiscal policy …
Georgia's National Bank has increased the refinancing rate by one percentage point to 8.5% today at the meeting of the Monetary Policy Committee. In September 2019 the annual rate of inflation amounted to 6.4%, which is more …
New 10 lari banknotes were into circulation today across Georgia, the National Bank of Georgia reported. On the front of the new banknote there is a portrait of prominent Georgian writer and public figure, Akaki Tsereteli, with a …
The National Bank of Georgia has increased the refinancing rate by 0.5 percentage points to 7.5% - for the second time this September. The regulator explains that the reasons behind such decision are inflation expectations as a result …
The National Bank of Georgia reported that the country's tourist income in August this year amounted to $ 396.1 mln or 10.6% less than a year before. According to the regulator’s report, in August 2018, Georgia’s tourism …
The National Bank of Georgia has increased the refinancing rate by 0.5 percentage points to 7%. The depreciation of the exchange rate has boosted inflationary expectations, the NBG says, therefore the refinancing rate has been …
President of the National Bank of Georgia Koba Gvenetadze commented on the alarming devaluation of the lari. According to him, the devaluation of the national currency is caused by external shocks and reduction of …
The National Bank of Georgia will release new 10 GEL bills starting October 1, President of the National Bank of Georgia Koba Gvenetadze said today at the presentation of the new banknotes. Bacha Malazonia is the …
Georgia will get about $40 million from the International Monetary Fund (IMF) after the fourth review of the Extended Fund Facility (EFF) programme is finalised. After the fourth review the amount of money allocated for Georgia will …
For the period from January to March 2019, the volume of remittances to Georgian commercial banks by means of electronic systems exceeded $ 379.5 million, which is 6.5% more than a year earlier. Most transfers were made from Russia, but …
Georgia's Ministry of Internal Affairs has detained two individuals, both with previous crime records, for burglary, illegal purchase, possession and the use of firearms, illegal deprivation of liberty and attacking policemen during an …
One of the founder of the Georgian leading bank TBC Badri Japaridze has announced his resignation from the bank’s supervisory council following the resignation of another top banker at TBC, Mamuka …
Georgia's Prime Minister Mamuka Bakhtadze has called upon the public to refrain from political speculations regarding the TBC Bank-related case, as the issue is not political. Bakhtadze made the statement in …
The National Bank of Georgia (NBG) has purchased $15 million at foreign exchange auction to control the national currency’s changing value against the dollar. The weighted average exchange rate was 2.6497 GEL for every …
Georgia's National Bank announced the annual statistics of money transfer to Georgian banks from abroad. According to the final figures, Russia remains the most profitable and most popular place of employment for Georgians …
The National Bank of Georgia (NBG) announced several weeks ago that they had purchased $1 million on the Foreign Exchange Auction, noting that the weighted average exchange rate was 2.7220 per dollar. This was the ninth foreign currency …
An unexpected ally of the government in this process was the main opponent of the current authorities, former President Mikhail Saakashvili
