
The Georgian Dream parliament supported the bill in its third reading on Tuesday.According to the explanatory note, increasing the maximum total amount of microcredit to be issued by microfinance organizations from GEL 100,000 to GEL 200,000 will help them retain their clients.However, it is also noted that in parallel with the increase in the limit, “the impact of the risk of large loans on the microfinance organization should be taken into account and the increased risk should be limited by the amount of capital. Limiting this risk will help microfinance organizations with small capital not take on more risk than they can afford,” the explanatory note states.In order to prevent these risks, the National Bank of Georgia (NBG) will develop a regulatory framework and define additional requirements in the form of credit ratios.In particular, the NBG must determine the limit of the ratio of the total amount of loans issued to one borrower or a group of interconnected borrowers to the regulatory capital of a microfinance organization that exceeds 100,000 GEL, as well as the limit of the ratio of the total amount of all loans issued by a microfinance organization to the regulatory capital of a microfinance organization that exceeds 100,000 GEL.The law will enter into force on the 30th day after its publication - to give the National Bank time to prepare additional requirements.At the moment, 31 MFOs operate in the Georgian financial market.It should be noted that the Ministry of Economy has long recommended the NBG to increase the limit.
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“As a result of joint efforts, Swiss Edelweiss has started operating in our market. The airline is a representative of one of the largest aviation holdings, which means that the interest of airlines in our country is growing. Our long-term goal is to interest such airlines within the Lufthansa Group, such as Brussels Airlines and SWISS, in the Georgian aviation market. Thus, the global aviation group Lufthansa will be almost fully represented in our market,'' said Levan Moseshvili.The airlines included in the Lufthansa Group are: Lufthansa, Eurowings, Austrian Airlines, Edelweiss, Swiss, Brussels Airline, ITA Airways, 4 of which are already operating in the Georgian aviation market."With the entry of Edelweiss Tbilisi International Airport, LUFTHANSA GROUP will be further strengthened in the Georgian aviation market and its market share will increase significantly. We are pleased that the fourth airline of our global aviation group is already operating in the Georgian aviation market," said Carsten Tsang.It was emphasized at the meeting that Germany is a strategically important direction for the Georgian market.At this stage, the 5 airlines included in the Lufthansa Group operate in the Georgian aviation market with a total of 13 frequencies, and in the summer season the number of flights will increase to 20 per week.
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As of March 2025 in Tbilisi the weighted average price of old flats has increased by 11.6% in the wide centre compared to March 2024, in the suburbs 10.2% growth was witnessed, while in the city centre the weighted average price increased only by 0.5%.In March 2025 the number of transactions in new projects in Tbilisi grew by 4.2%, with increases observed in both the primary and secondary markets. It should be noted that some transactions in new projects within the primary market are recorded later by developers, which could potentially distort the data and fail to present an accurate picture of the primary market. The declining trend in old projects has persisted - the figure for old flats features a 15.5% decrease compared to March 2024.In March 2025, in Tbilisi the number of transactions of residential flats amounted to 3,064 units, reflecting only 1.5% YoY decrease. Market size increased by 16.7% standing at USD 243 millions.In February 2025, in Tbilisi the number of transactions of residential flats amounted to 3,205 units, reflecting 8.9% YoY decrease. Market size decreased by 0.6% standing at USD 234 millions.As of February 2025 in Tbilisi the weighted average price of old flats has increased by 12.6% in the wide centre compared to February 2024, in the suburbs and city centre 6.2% and 5.9% increase was witnessed.In February 2025 the number of transactions in new projects in Tbilisi decreased by 2%. It should be noted that some transactions in new projects within the primary market are recorded later by developers, which could potentially distort the data and fail to present an accurate picture of the primary market. The declining trend in old projects has persisted - the figure for old flats features a 27.2% decrease compared to February 2024.
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As of March 2025, the number of transactions of residential flats in Batumi has increased by 5.7% to 1,233 units. The market size has increased by 4.9% standing at USD 64 millions.In March 2025, the number of transactions of newly-built flats in Batumi has increased by 12% year over year, while a 46.5% YoY decrease rate has been observed in the case of old flats.As of February 2025, the number of transactions of residential flats in Batumi has increased by 6.4% to 1,177 units. The market size has increased by 13.1% standing at USD 64 millions.
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Information on remittances has been added to the Credit Information Bureau database from 01.03.2023. Registration is carried out at the request of the beneficiary and 95% of remittance recipients choose to cooperate with Creditinfo.In total, the number of unique individuals is up to 300,000.According to the National Bank of Georgia, the expansion of the database serves to increase access to loans for recipients of remittances.The NBG made changes to the regulation in the fall of 2022 (effective from 03/2023) and the beneficiary, bank, MFO, Loan issuing entityor PSP customer, if he wishes, will provide information to the bureau. Payment service providers (PSP) have joined Creditinfo since March 2024.
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As of the document, 96.2% of the total money transfers from abroad came from 25 largest partner countries, with the volume of transfers from these countries each exceeding 1 million USD in March 2025. In March 2024 the share of these 25 countries constituted 96.5% of the total volume of money transfers.In March 2025, 32.1 million USD (or 89.2 million GEL) was transferred from Georgia, which is 8.5% more as compared to 29.6 million USD in March 2024.
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Georgia is trying to bring Brussels Airlines and SWISS to the aviation...
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BOGG Management Sold The Shares
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TBC Bank Group is targeting a profit of GEL 1.5 billion in 2025
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80% of dissatisfied borrowers in MFOs complain about pawnshop conditio...
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NBG did not purchase USD to replenish its reserves this year
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