Georgia's profile


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Georgia's profile

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