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NBG President and Finance Minister meet with delegation of American and British investors visiting Georgia

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Natia Turnava, President of the National Bank of Georgia (NBG), and Lasha Khutsishvili, Minister of Finance, met with a delegation of American and British investors visiting Georgia.

According to the National Bank of Georgia (NBG), the international investors are in the country at the invitation of the NBG. The delegation comprises global investment and financial companies, including JPMorgan, Morgan Stanley Investment Management, Aberdeen, MetLife, and others.

“Natia Turnava and Lasha Khutsishvili provided the international delegation with an overview of Georgia’s macroeconomic indicators, monetary and fiscal policies, and the country’s investment climate. They also shared insights into the stability of Georgia’s banking and financial sectors. It was emphasised that Georgia’s banking industry remains well capitalised and maintains healthy liquidity levels. The discussion also covered the growth of corporate securities within the country and the opportunities this presents,” the NBG stated.

Natia Turnava highlighted that Georgia remains an attractive destination for international investors, despite the unpredictable global landscape.

“At the invitation of the National Bank, a delegation of international investors, comprising representatives of major global investment funds, is visiting Georgia. They are interested in investing in Georgia through our capital markets. During the meeting, we presented Georgia’s macroeconomic situation, and they recognised the country’s development, manageable inflation, and stable indicators, vital factors and appealing from an investment perspective despite global uncertainties,” said Turnava.

The meeting was also attended by Nino Jeladze, Vice President of the National Bank of Georgia; Giorgi Kakauridze and Ekaterine Guntsadze, Deputy Ministers of Finance; as well as senior officials from various departments of the National Bank and the Ministry of Finance.

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Economy
image Gross external debt of Georgia amounts to USD 26.9 billion - NBG

31.03.2026.17:25

The gross external debt of Georgia amounted to 26.9 billion USD (72.4 billion GEL) as of 31st of December 2025. It stood at 70.4 percent of the annual 2025 GDP, the National Bank of Georgia (NBG) reported.

According to the NBG, during the fourth quarter of 2025, the gross external debt of Georgia decreased by 352.7 million USD. Out of that, due to transactions debt decreased by 440.1 million USD, and due to other changes by 14.6 million USD. At the same time, exchange rate changes led to an increase of 72.7 million USD and price changes by 29.4 million USD.

“Public sector external debt amounted to 11.7 billion USD (31.6 billion GEL) or 30.7 percent of GDP, out of which, debt of the general government amounted to 9.2 billion USD (24.8 billion GEL) or 24.1 percent of GDP. External liabilities of the National Bank of Georgia amounted to 780.9 million USD (2.1 billion GEL) or 2.0 percent of GDP, and the bonds and loans of public enterprises were correspondingly 473.1 million USD (1.3 billion GEL) or 1.2 percent of GDP and 1.3 billion USD (3.4 billion GEL) and 3.3 percent of GDP.

Banking sector external debt amounted to 9.5 billion USD (25.5 billion GEL) or 24.8 percent of GDP; Other sectors’ external debt stood at 5.0 billion USD (13.4 billion GEL) or 13.0 percent of GDP; While 2.4 billion USD (6.6 billion GEL) or 6.4 percent of GDP was the intercompany lending. 86.7 percent of the gross external debt of Georgia was denominated in a foreign currency.

The net external debt of Georgia amounted to 12.6 billion USD (34.0 billion GEL) or 33.1 percent of the 2025 annual GDP. Net public sector external debt was 5.6 billion USD (15.0 billion GEL) or 14.6 percent of GDP.

External liabilities of the National Bank of Georgia decreased by 38.6 million USD, out of that, transactions led to a decrease in external debt by 37.5 million USD and exchange rate changes led to a decrease by 1.0 million USD. By the end of 2025, the external debt of the National Bank of Georgia amounted to 780.9 million USD, of which 475.5 million USD are Special Drawing Rights (SDR), which have no maturity date, therefore, there is no obligation to repay them as long as Georgia is a member of the IMF,” the NBG said.

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