Tag Archives: NBG

NBG, publishes report about money transfers in Georgia, in July. In July 2015, the volume of money transfers from abroad constituted 93.4 million USD (210.7 million GEL), which is 31.8 percent (43.5 million USD) less than the amount in July 2014. 90.9 percent of the total money transfers from abroad came …

VETO-supporting Arguments Contradict Recommendations of International Organizations The National Bank of Georgia (NBG) keeps ignoring recommendations of the International Monetary Fund (IMF). As a result, various aspects of the Georgian economy suffer from negative affects, the Association of Young Financiers and Businessmen (AYFB) says. International organizations positively appraise the NBG performance, …

National Bank Of Georgia Issued A Collector Coin Dedicated To The European Youth Olympic Festival “Tbilisi 2015“. From July 7, NBG to relize “Tbilisi 2015” silver coin. As per 2015 Tbilisi Souvenirs, the National Bank of Georgia issued a collectable coin dedicated to event. The colored emblem of the Olympic …

The Monetary Policy Committee of the National Bank of Georgia met on July 1, 2015 and decided to increase the refinancing rate by 50 basis points to 5.5 percent. The monetary policy decision is based on the macroeconomic forecast, which shows increase in the inflation expectations as well as in …

According to Geostat, Georgia’s Gross Domestic Product grew by 2.1 percent in May 2015. The data, which was published yesterday, showed that the estimated real GDP growth reached 2.5 percent for the first five months of 2015 compared to 2014.Geostat  produced monthly rapid estimations of real GDP growth using administrative …

The International School of Economics in Tbilisi (ISET) recently presented its study on the Business Confidence Index in Georgia in the second quarter of 2015. The figures indicating the different sectors’ predisposition toward the business environment in Georgia have become dire since last year, having gone down from 24,5 to …

If the National Bank’s Main Responsibility is to Reach the Target Inflation, it should not Institutionally Control Commercial Banks The Financial Supervision Agency of Georgia, as a legal entity of public law, will be an only state body to supervise the financial sector, while the financial sector supervision committee at …

As per the former Prime Minister of Georgia, he considered that the issue of “Kartu Bank” was his private one. “The representative of the International Monetary Fund asked me not to detain the NBG President, Giorgi Kadagidze. He knew that he violated the law. They did not say he did …