Reports

FMCG Sector Analysis: Moving Fast

November 29, 2019
A pie is getting bigger. The Georgian FCMG market is expected to reach GEL 9.4bn in 2019, up 7% y-o-y. Ongoing urbanization, decreasing unemployment and higher purchasing power drive the domestic FMCG consumpti ... learn more

Residential Real Estate Sector Analysis

November 7, 2019
Sales are down, with the decrease observed both in sold residential units and in sold apartment area. We believe that somewhat steeper decline might be concealed by the lag in the registration of sales.While th ... learn more

Fixed Income Securities in Georgia

November 4, 2019
The total stock of outstanding Georgian bonds increased by 41% Y-o-Y (32% excluding FX effect) by the end of 3Q2019, mainly on the back of local corporate bonds and Eurobonds.Georgia is getting closer to an inv ... learn more

Tourism Industry Overview

October 22, 2019
Georgia’s tourism industry has achieved a remarkable growth over the past decade, hitting record numbers of tourist arrivals and outpacing the economy growth with a 12.8% CAGR over the past ten yearsTourism r ... learn more