Page 47 - GEORptJul22

Georgia market cap at USD775mn in May 2022
the issuance of a Code of Corporate Governance and the introduction of a General Risk Assessment Programme (GRAPE) assessment.
NBG has taken positive steps to respond to promote fintech development, including establishing a fintech directorate to monitor market developments, track potential risks, and initiate several fintech-related initiatives.
23 companies are admitted on the Georgian Stock Exchange (GSE) and Georgia market capitalisation accounted for USD775mn in May 2022, compared to USD748.5mn in the previous month, according to the GSE.
47 GEORGIA Country Report July 2022 www.intellinews.com