Georgian Weekly Digest 21 August 2017


In July 2017, trade deficit shrank by 0.5% y/y to US$ 424.2mn on the back 22.1% y/y increase in exports to US$ 212.0mn and a 6.0% y/y increase in imports to US$ 636.2mn.

In July 2017 money transfers were up by 20.1% y/y to US$ 120.9mn. The increase was mainly driven by transfers from Russia (US$ 43.1mn, up 14.3% y/y), USA (US$ 12.7mn, up 15.6% y/y), Italy (US$ 12.1mn, up 21.2% y/y), Israel (US$ 10.5mn, up 112.5% y/y) and Turkey (US$ 9.3mn, up 28.2% y/y), while transfers from Greece were down 3.0% y/y to US$10.6.


Debt and Money Market

Eurobonds: during the week Georgia’s Sovereign Eurobond (GEORG 4/21) price was up 0.1% w/w to 112.0 (YTM 3.3%). BGEO Group JSC (BGEOLN 7/23) price was up 0.1% w/w to 102.5 (YTM 5.5%), Georgian Oil & Gas Corporation (GEOROG 4/21) price was down 0.1% w/w to 105.7 (YTM 5.0%), while Georgian Railway (GRAIL 7/22) price was unchanged w/w at 110.0 (YTM 5.4%).


Equity Market

On Friday’s trading session, TBC Bank Group PLC (TBCG LN) shares closed at GBP 15.60, unchanged w/w. During the week 104.0 thousand shares traded on the London Stock Exchange.

During the week 416.0 thousand of BGEO Group PLC (BGEO LN) shares traded, closing at GBP 34.43 (up by 1.5% w/w) on Friday’s trading session.

Georgia Healthcare Group PLC (GHG LN) shares were down by 1.0% w/w closing at GBP 3.42 on Friday. During the week 11.5 thousand GHG shares changed hands on the LSE.

No trades were recorded on the Georgian Stock Exchange.


Weekly Bulletin

December 9, 2019
In November 2019 the YoY inflation reached 7.0%.The number of international visits went up by 11.9% YoY in November 2019, while number of tourists increased by 10.3% YoY.Interest rates on money and government p ... learn more

Weekly Bulletin

December 4, 2019
GDP grew by 5.7% YoY in October 2019, according to the Geostat’s rapid estimates.The NBG sold USD 20mln during its Foreign Exchange Auction on November 26, 2019.Bank deposits increased YoY by 17.5% (+10.6%, e ... learn more

Weekly Bulletin

November 26, 2019
Georgia’s merchandise export was up to USD 316.5mln (+4.5% YoY) in October 2019, mainly due to the 32.7% YoY boost in the exports to the CIS countries.Real Effective Exchange Rate (REER) was up by 0.1% MoM in ... learn more

Georgian Weekly Digest

September 4, 2017
Georgia’s real GDP growth rate was 3.8% in July 2017 while average real GDP growth 7M 2017 was 4.4%. The rapid estimates for GDP growth are calculated by GeoStat based on VAT numbers, together with fiscal and ... learn more