Georgia's profile

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  • 1. Georgia: Country Profile
    • Number of Inhabitants: More than Estonia + Latvia, Lithuania, Croatia, Slovenia + Montenegro, Bosnia & Hertsogovina, Wales + Northern Ireland, Republic of Ireland, New Zealand, Norway (same population);
    • 2. Square Meters: 69,700 sq km – bigger than Netherlands, Slovakia, Denmark, Belgium, Switzerland, Estonia, Latvia, Lithuania, Slovenia, Wales + Northern Ireland, Macedonia;
    • 3. Boarders: Black Sea, Russia, Azerbaijan, Armenia, Turkey
    • 4. Ethnic Groups: Georgians (84%), Azeri (6.5%), Armenians (5.7%), Others (3.8%);
    • 5. Religions: Orthodox Christians - 84%, Muslims – 10%, Armenian Gregorian – 4%, Catholics – 0.8%, other – 0.8, none – 0.4%;
    • 6. Language: Georgian (official) – 71%, Russian - 9%, Armenian – 7%, Azeri – 6%, other – 7%;
  • Georgia: Country Profile Cont.
    Area:
    69,700 sq km
    Population:
    4.5 mln
    Life expectancy:
    74 years
    Official language:
    Georgian
    Literacy:
    100%
    Capital:
    Tbilisi
    Currency (code):
    Lari (GEL)
    GDP 2009E:
    US$12.3 bln
    GDP real growth rate 2009E:
    -4.0%
    GDP CAGR „03-‟08
    17.1%
    GDP per capita 2009E (PPP):
    US$4,747
    Georgia is the only country moving from negative
    Inflation rate (e-o-p) 2009:
    3.0%
    to stable outlook in the Fitch Ratings in 2009
    External debt to GDP 2009E:
    27.5%
    2003
    2008
    Nominal GDP (GEL mln)
    B+/Stable in Aug ‘09
    8,564
    19,070
    B+/Negative in Aug ‘08
    GDP per capita (GEL)
    1,972
    4,351
    BB-/Stable in Jul ‘07
    Total budget revenues (mln GEL) 1,3685,854
    Source: Government of Georgia
  • 7. Georgia: Economy back on track
  • 8. Georgia: Investor Support
  • 9. Georgia: Economic Projects
    Energy: Black sea regional transmission line, HPP projects, underground Gas storage facility project
    Free Industrial Zones (FIZ): Poti FIZ, Kutaisi FIZ
    Railway upgrade project, Tbilisi bypass project
    Key high way reconstruction projects
    Municipal investment and reconstruction programs
  • 10.
  • 11. Georgia: One of the Best Places for Doing Business
  • 12. Special Liberal Taxation Regimes for:
    International Financial Company
    Free Industrial Zone
    Free Warehouse Company
    Free trade regimes being negotiated with EU and USA
    Liberty act passed on no policy drift in the future
    Mega infrastructure projects planned: new airports, re-equipment of railway, new industrial port on the Black Sea
    Fundamentals of economy remain strong compared to peers
    Georgia: Government Policy and Liberty Act
  • 13. Georgian Banking Sector Overview
  • 14. Robust Banking System
  • 15. Georgian Banking Market Share Breakdown as of December 31, 2010
  • 16. Georgian Banking Sector Overview
    Balance Sheet Financial Data of Commercial Banks Operating in Georgia in thousand GEL as of December 31, 2010
  • 17. Georgian Banking Sector Overview
    Entrant of Foreign Investments in Georgian Banking Sector
  • 18. Summery on Georgian banking industry
    Fitch: Future Georgian banking sector Development should be Less High-risk than Pre-Crisis Growth (Press release of July 14th 2010)...the system has emerged from global crisis and domestic downturn in a reasonably good condition
    Loan impairment peak (2009) has stabilized in 2010 and has reduced, due to effective work outs performed by the top banks
    Industry to experience not an aggressive lending, and balanced funding structure
    Due to limited level of domestic funding, in the long term the banks that are able to balance between local (retail) and international (institutional) funding, will ultimately benefit
    Profitability of the sector has improved, interest margin remains very attractive