Galt & Taggart

Portfolio flows to Emerging Markets (EMs) picked up in April 2021, reaching US$ 45.5 according to Institute of International Finance. According to some analysts, the new issue restrictions were likely the mildest action the White House could have tak...

On 15 April 2021, Georgia successfully priced a US$ 500mn, 5-year Eurobond. The coupon rate for the bond was determined at 2.750%. The Eurobond was met with significant interest from investors, some of the largest asset managers globally, with orders...

2020 turned out to be a challenging year for Silknet. Silknet managed to increase market share in mobile segment by revenue (+0.65ppts to 36.5%) due to higher ARPUs, while Magticom maintained a solid 45.5% market share by mobile revenues (down 62ppts...

2020 turned out to be a challenging year for Silknet. On the one hand COVID-19 related lockdown and stay-at-home orders boosted mobile data revenues (+14.4% y/y), on the other hand more traditional revenue streams (mobile voice and SMS) came under p....

US treasury yields remained elevated throughout March 2021 (at 1.73% by 30 March 2021), despite insurance from the FED to maintain near zero interests rates until at least 2024. On 12 April 2021, Georgian sovereign Eurobond will mature. Yields on reg...

Georgia has established itself as a regional hub for the car trade since 2005, without its own car production industry. 2020 was a tough year for Georgia’s auto trade, to large extent affected by increased customs duties in Armenia. Another major sou...