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Brief information on Georgia

Flag Georgia

 

Short-term There are no formal restrictions on cover.
Medium/long-term Cover of major transactions with private buyers will be provided only if they are particularly deserving of promotion. For transactions with public sector buyers cover facilities are available on a case-by-case basis.
In addition, cover is available for project financed and other structured finance deals, where necessary based on countertrade transactions.
Collateral As a rule, a guarantee from the Ministry of Finance or the central bank is required for transactions with public buyers. For public buyers which are established as private sector organizations the same collateral requirements as for private buyers apply.
For transactions with private buyers bank security is always required. This requirement may be waived if the buyer is an affiliated company or if the buyer belongs to an international group the creditworthiness of which is beyond doubt or if informative information material on the debtor is available which, subject to the application of strict criteria, justifies the granting of cover without collateral.
Country risk category 6

No responsibility is taken for the correctness of the information provided

More detailed information on the cover policy can be found in all articles of the AGA-Report on Georgia (German version only) and country information on commercial practices, business climate, market analyses, law, import procedures, customs duties can be found on the website of Germany Trade & Invest (gtai).

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The senior country advisers for Georgia will be pleased to answer your questions

  • on single transaction cover: Mr Stefan Peters, phone: +49 (0) 40 / 88 34 - 95 20
  • on revolving and wholeturnover cover: Mr Detlev Wriede, phone: +49 (0) 40 / 88 34 - 90 25
  • on economic analyses: Ms Alexandra Haas, phone: +49 (0) 40 / 88 34 - 95 53

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