Page 32 - GEORptFeb22

websites, where the placement of advertisements of gambling companies will be banned. Advertising bans do not apply to sponsorship, gambling companies will still be able to sponsor football clubs, TV shows or other activities, although the appearance of their brand and logo will be restricted.
A "blacklist" regulation will be adopted. As a result, a family can be barred from gambling if a member of it requests this in court and provides relevant (mostly economic) reasoning. Citizens will thus be included in the "blacklist" on the basis of their own application.
Transferring money from one person to another using the system of a gambling provider is prohibited, under the new regulations.
It is also prohibited to transfer money to the accounts of foreign gambling providers. This ban will apply to banks and payment system providers registered in Georgia. Its purpose is to prevent the use of foreign gaming systems by citizens.
Incomes of revenues from gambling will be subject to a 2% income tax.
6.3 Debt
Georgia - Gross 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 external debt
Gross external debt ($ mn)
18,256 17,915 18,645 18,348 18,927 19,949 20,607 20,861 20,912 21,044
2013 2014 2015 2016 2017 2018 2019 2020 2021
Gross external debt (% GDP)
78.2 79.4 102.7 105.1 106.4 101.4 106.9 129.6 120
source: CEIC, World Bank
Georgia’s gross external debt reached $21bn in Q3
The gross external debt (GED) of Georgia amounted to $21.0bn as of the end of September, accounting for 120% of the four-quarter GDP calculated at the same moment. In absolute terms, Georgia’s GED has increased marginally during 2021 - after a sharp advance in 2021. In relative terms (% of GDP), the country’s indebtedness actually declined from 134.6% at the end of March 2021.
32 GEORGIA Country Report February 2022 www.intellinews.com