AEO Service

According to the National Bank, last year was a record in this regard. In the first 11 months of 2024, transactions worth 8.849 billion GEL were carried out abroad with cards of Georgian banks, which is 25%, or 1.75 billion GEL, more than in the same period of 2023.

Data shows that since May 2024 ...

09.2024 Whose pension will increase in 2025 and by how much? Pension Agency Victoria Mghebrishvili 01.01.25 11:33 • 8935 Starting today, pensions and social benefits for people with disabilities will increase. This is included in the 2025 state budget, which was approved by the Parliament of Georgia ...

At the end of last year, it became known that the National Center for Quality Improvement in Education (EQAR) had its registration officially suspended. The reason was the center's inadequate work in one of the standards - independence. The Georgian side plans to appeal the decision and claims that ...

"The Republic of Abkhazia will continue its efforts to strengthen relations with Russia," - this is stated in the New Year's greetings sent to Vladimir Putin by the acting de facto president of the temporarily occupied Abkhazia. Badra Gunba congratulates Putin on the New Year and wishes him success ...

The NBG explains that this change is aimed at reducing the dollarization of bank loans. The National Bank also increased the limit for foreign currency loans in 2024, when it increased it from GEL 200,000 to GEL 400,000 for unhedged borrowers. The December 18 order increases the limit to GEL 500,000 ...

09%, the Canadian dollar by 8.47%, the Mexican peso by 16.53%, the Russian ruble by 12.52%, and the Turkish lira by 16%. As for the national currency, the GEL, on January 1, 2024, one dollar was worth 2.6897 GEL, and today its value is 2.7943 GEL, which is a 3.74% depreciation over the year. In 2024 ...

Amounted to 7.9 billion USD (21.5 billion GEL; 23.9 percent of GDP), the external debt of other sectors - 5.0 billion USD (13.6 billion GEL; 15.2 percent of GDP), and inter-company debt - 2.7 billion USD (7.5 billion GEL; 8.3 percent of GDP). 88.6 percent of the total external debt is denominated in ...

The National Bank of Georgia publishes the balance of payments report, according to which the current account surplus in the third quarter of 2024 amounted to 61.4 million USD (166.6 million GEL).

According to the National Bank, the current account balance is positive in the third quarter of 2024 ...

Before Russia's war in Ukraine, its controlling stake was owned by the Alfa Group, a group of sanctioned oligarchs Mikhail Fridman and Petr Aven. The company's operations were hampered by sanctions, and in order to save the brand, the Georgian government purchased a 7.73% stake in the group's shares ...

of the current account is current transfers, the credit of which decreased by 13.4 percent annually and amounted to 845.6 million USD (2.3 billion GEL) in the third quarter of 2024. During this period, net transfers from the private sector decreased by 13.8 percent to 794.2 million USD (2.2 billion ...