Foreign investors now able to simply buy securities issued by Georgian companies
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From now on besides international financial institutions, private companies will also be able to save and pay with securities. Photo: Nino Alavidze/Agenda.ge.
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Buying securities issued by Georgian companies will be easier for foreign investors, announces the Bank of Georgia.
From now on besides international financial institutions, private companies will also be able to save and pay with securities through the international central securities depository Clearstream.
Today the first transaction of the Georgian corporate bond was first implemented with this system.
Thousands of clients of Clearstream who have accounts in foreign currency are able to simply add sub-account in Georgian national currency Lari and buy or save Georgian securities. To go through these procedures by themselves would cost more for the investors and they would probably refrain from investing in Georgia”, said the NBG.
Clearstream is an important player in the securities services industry with consistently high credit ratings that entered Georgia in 2016 and gave the opportunity to the investors from various countries around the world to make convenient and safe investments in the Georgian securities market.
Azerbaijan, the United Kingdom and the Netherlands were the countries that invested the most heavily in Georgia in 2018. In total, foreign direct investments (FDI) in Georgia amounted to $1.23 billion in 2018 as shown by preliminary data published by the Geostat.
The National Bank of Georgia (NBG) will use a new instrument, FX Options, to replenish its international reserves.
The Government of Georgia is introducing a new initiative that aims to turn Georgia into a regional financial centre and attract more investors to the country. The initiative will introduce the concept of electronic residency, which will allow citizens of 34 countries to electronically register their companies and open bank accounts in Georgia.
Georgia is making it easier for foreign investors to access the local financial market by becoming the 55th domestic market link for an important player in the securities services industry.
Georgian Prime Minister Mamuka Bakhtadze has responded to recent statistics on foreign direct investments (FDI) in Georgia and explained the reasons for their decrease.
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The Ministry of Economy of Georgia will work with investors on the ‘single window’ system, announced Georgian Prime Minister Mamuka Bakhtadze today.
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Foreign investors have been demonstrating growing interest in various fields of Georgia's economy and especially in social and personal service activities, financial and transport sectors, show the latest preliminary data of the National Statistics Office of Georgia (Geostat).
Local investments are steadily increasing in Georgia despite the fact FDIs have decreased, announced Georgian Economy Minister Natia Turnava today, commenting on the 53.7 per cent drop in the second quarter of 2019 in FDIs compared to the same period of last year.
Foreign direct investments (FDI) in Georgia amounted to $187 million in Q2 of 2019 which is a 53.7 per cent decrease compared to the same period of 2018 show the latest preliminary data of the National Statistics Office of Georgia (Geostat).
Foreign direct investments (FDI) in Georgia amounted to $417.3 million in Q3 of 2019 which is a 13.7 per cent increase compared to the same period of last year, show the latest preliminary data from the National Statistics Office of Georgia (Geostat).
The Government of Georgia has presented a bill on investment funds earlier today at a government meeting which aims to develop investment funds in Georgia and ensure free competition.
Foreign direct investments (FDI) increased by 174 per cent and amounted to $207 million in Georgia's Black Sea region of Adjara in 2019 compared to the previous year, says the press office of the Adjara Autonomous Republic Government.
Foreign direct investments (FDI) in Georgia amounted to $1.31 billion in 2019, which is a 0.3 per cent increase compared to 2018, show the latest adjusted data of the National Statistics Office of Georgia (Geostat).