REPRESENTATIVES OF THE NATIONAL BANK OF GEORGIA SHARE EXPERIENCE WITH KAZAKH COLLEAGUES
The National Bank of Georgia hosted a delegation from the National Bank of Kazakhstan. The visit took place within the framework of the Memorandum of Understanding signed between the two central banks, which aims to strengthen cooperation and promote the exchange of expertise and information in various areas, including financial technologies, payment systems, regulation of virtual asset service providers, and more.
During the visit, representatives of different departments of the National Bank of Georgia shared their expertise with Kazakh colleagues on topics such as macroprudential policy, the sustainable finance framework, the bank resolution framework, regulation of the microfinance sector, regulation and risk management of payment service providers and virtual asset service providers, as well as cybersecurity.
The delegation also met with the First Vice-Governor of the National Bank of Georgia, Ekaterine Mikabadze, who emphasized the importance of cooperation between the two institutions. She expressed her hope that the exchange of experience provided by the Georgian side would prove beneficial for their Kazakh counterparts.
Other News
19.09.2025.17:00
According to the National Statistics Service (GeoStat), in the second quarter of 2025, the gross domestic product (GDP) at current prices reached GEL 25,347.0 million. Compared to the same period last year, real GDP experienced a growth of 7.3 per cent. The gross domestic product deflator for this quarter was recorded at 4.8 per cent.
GeoStat reports that during this period, sectors such as information and communication (37.1 per cent), education (28.9 per cent), arts, entertainment and recreation (16.0 per cent), as well as public administration and defence, made significant contributions to economic growth.
Additional notable sectors included compulsory social security (9.1 per cent), financial and insurance activities (11.8 per cent), health care and social work activities (14.3 per cent), and accommodation and food service activities (8.4 per cent).
Conversely, declines were observed in sectors such as agriculture, forestry and fishing (-2.5 per cent), construction (-2.6 per cent), and electricity, gas, steam and air conditioning supply (-7.0 per cent).
The report highlights that the largest shares within the sectoral structure of Georgia’s GDP are held by trade (14.7 per cent) and real estate-related activities (9.1 per cent). Other significant sectors include manufacturing (8.9 per cent), information and communication (7.5 per cent), construction (7.3 per cent), agriculture, forestry and fishing (7.0 per cent), public administration (6.8 per cent), education (6.7 per cent), and financial and insurance activities (5.4 per cent).
GeoStat will publish revised data on Georgia’s gross domestic product on November 14, 2025.