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Tag Archives: Galt & Taggart

GALT & TAGGART Forecats $3,6 Billion Income from Tourism Sector

According to GALT & TAGGART’s prediction, Georgia’s income from tourism will amount to $ 3.6 billion in 2019. Head of GALT & TAGGART Research Department Eva Bochorishvili stated about it during his “business morning”. “GALT & TAGGART estimates the number of tourists in Georgia will be around 5,3 million this …

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Public-Private Partnership Law – New Opportunity for Energy Sector Projects

Energy sector (excluding oil & gas) is one of the strategically important sectors under newly adopted PPP legislation – which, among others, envisages the possibility of granting longterm guaranteed purchase agreement to the investor. The law on Public-Private partnership was approved by the Parliament of Georgia in May 2018. Later …

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Galt & Taggart Expects Tourist Trips to Reach Nearly 9 Million by 2022

Tourism is booming – says Galt&Taggart. According to the company, visitor trips (tourist trips and same-day trips combined) were up 16.4% y/y to 3.0mn in 1H18. Tourist trips drove the growth, reaching 1.9mn visitors and accounting for 64.5% of the total in 1H18. This comfortably translates into our total tourist …

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Georgian Weekly Market Watch

NPLs at 2.4% in June 2018 In June 2018, the banking sector loan portfolio increased 18.4% y/y after growing 18.6% y/y in previous month, excluding the exchange rate effect. In unadjusted terms, loan portfolio was up 19.8% y/y and up 1.0% m/m to GEL 23.1bn (US$ 9.4bn). Deposits were up …

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Galt & Taggart Developed Government Pension Fund Calculator

Galt & Taggart has developed a Government Pension Fund calculator. The calculator is based on a new pensions savings scheme of the government and allows defining the estimated pension. Specifically, any interested individual using the calculator can identify the savings amount over the specific period. The calculator is given on …

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Galt & Taggart announces Georgia’s Economic Growth by 4.6%

Real GDP grew 4.6% y/y in June 2017 Georgia’s economy expanded 4.6% y/y in June 2017, after growing 5.3% y/y in previous month, according to GeoStat’s rapid estimates. Overall, in 1H17 GDP growth was 4.5% y/y. Monthly rapid estimates are based on VAT turnover, fiscal and monetary statistics. Tourist arrivals …

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Forecasts of Electricity Consumption Rate are Declined

Forecasts of Electricity Consumption Rate are Declined

Ministry of Energy has reduced forecasts of electricity consumption rate. According to Galt & Taggart, The Ten Year Network Development Plan (TYNDP) 2017-2027 was approved by Ministry of Energy. The annual consumption growth rate in the optimistic scenario is revised downward from 5.0% to 3.5%, which would result in 16.4tWh …

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Pasha Bank to Place Bonds of the Largest Infrastructure Company

Pasha Bank to Place Bonds of the Largest Infrastructure Company

Pasha Bank expends investment activity and prepares for the third emission. Now the bank plans to place bonds of the largest infrastructure company. The bank does not specify the name of the company, the matter concerns to the placement of securities more than 10 million. Pasha Bank has already announced …

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