In addition to monetary gold

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National Bank to add gold to foreign exchange reserves in 2024 In March-April 2024, the National Bank of Georgia purchased 7 tons of monetary gold for $500 million, which was later stored in Georgia. The price of gold has increased sharply over the past year, which means that the gold in foreign exchange reserves is worth $100 million more than it was worth at the time of purchase.


this year the NBG also traded in gold certificates and gold bars, selling $45 million worth of bars on the local market in this way. The government has selected the Chinese consortium CCCC to implement the Anaklia Deepwater uk fax data Port project. The Georgian government named the Chinese state-owned corporation CCCC as the preferred bidder in the international competition announced in May 2024 to select an investor for the Anaklia Deepwater Port.


It was the only one to submit a full investment proposal to the state, as MSC subsidiary TiL, which was in the final stage of the competition, did not submit a proposal. Based on this, CCCC was named the preferred bidder, which has been sanctioned by the US since 2020 due to the construction of artificial islands in the South China Sea for China's benefit, and American companies are prohibited from conducting financial transactions with it.