Week in Headlines
- NBG Purchased GEL 400 Million in Gold in October / Gold Reserves Reach 11 Tonnes;
- Entry Regulations Simplified for High-Reputation International Banks in Georgia;
- Regulations Eased and Scope of Operations Expanded for Microbanks;
- "Ori Nabiji" Founders Kakhi Bekauri and Giorgi Chkheidze Become Shareholders of Microbank "Crystal";
- EBRD "Green Cities" Financing Doubled — Tbilisi and Batumi Included;
- Commercial Banks Restricted from Leasing Repossessed Real Estate;
- Construction Costs Increased 6% Year-on-Year;
- Inflation Accelerated to 5.9% in October;
- $3.1 Billion Worth of Apartments Sold in Tbilisi over 9 Months;
- Tbilisi Apartment Rents Rose 8.6% in September;
- Government to Set Non-Irrigation Water Tariffs Instead of GNERC;
- Non-Standard Apples Added to Agro-Co-Financing Program — Maximum Credit Set at GEL 5 Million;
- State to Subsidize Non-Standard Mandarins at 35 Tetri per Kg;
