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Kurdiani granted deferred shares

Specifically, he was granted 27,783 ordinary shares, which management typically receives as salary or as a bonus.Specifically, ordinary shares are granted to managers as deferred shares under a compensation scheme that they have the option to cash out over several years, according to their contracts. In addition to share-based compensation, management also receives shares as bonuses.Among them, Kurdiani was granted shares twice in 2025 - once in March with 14,052 shares as compensation, and at the end of the same month with 40,227 shares under the Long-Term Incentive Plan (LTIP) for work performed in 2022-2024.This year, Kurdiani received 1,109 shares of TBC PLC for work performed in 2025.

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Share of monetary gold in reserves increases to 15.5%: New purchase by...

As a result of this latest purchase, the share of monetary gold within the National Bank of Georgia’s international reserves will reach 15.5%. This reflects a broader upward trend in the country’s international reserves, which have reached a historic high of USD 7.0 billion, equivalent to 114.8% of the International Monetary Fund’s Assessing Reserve Adequacy (ARA) metric.According to the National Bank of Georgia, the decision is part of the National Bank’s long-term international reserve management strategy, aimed at further diversifying its reserve assets, enhancing stability, and safeguarding the reserves against inflationary risks. Monetary gold is a widely recognised reserve asset among global central banks, serving to reduce overall portfolio risk and enhance resilience against geopolitical shocks.The National Bank will continue to manage its international reserves in strict accordance with the principles of safety, liquidity, and profitability. As these reserves continue to grow, the NBG remains receptive to additional diversification opportunities, with future decisions informed by long-term strategic objectives and international best practices.Notably, robust macroeconomic fundamentals enabled the central bank to replenish its international reserves throughout 2025. Last year, the NBG purchased USD 2.4 billion, increasing its reserves to USD 6.16 billion by year’s end. By February 2026, reserves had then reached a historic high of USD 6.65 billion.This move aligns with broader global trends, as the world’s central banks continue their longstanding practice of accumulating gold. In the first quarter of 2026 alone, central banks purchased over 970 tonnes of gold, nearly 80% of the total volume acquired throughout 2025 (1,235 tonnes). Total central bank purchases have consistently exceeded the 1,000-tonne mark for four consecutive years (2022–2025).Furthermore, central bank demand remains largely inelastic to fluctuations in the gold price, effectively providing a stable floor for its market value. The ongoing conflict in Ukraine, escalation in the Middle East, U.S.-China trade tensions, and the U.S.-Iran conflict that erupted in February 2026 have all consistently driven and reinforced a structural risk premium in gold prices, cementing its value as a premier safe-haven asset.

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Annual production limit for small wineries reduced to 25,000 liters, “...

According to the adopted draft law, the definition of a “small wine cellar” is changed and its maximum annual production limit is reduced from 40,000 liters to 25,000 liters.With the legislative change, the term “home wine” will be replaced by the term “natural wine”. This status envisages the production of products without the use of systemic pesticides, herbicides and other chemical synthetic agents.The draft law makes it mandatory to label certified alcoholic beverages, which will be implemented by the National Wine Agency in accordance with the procedure established by the Minister of Environmental Protection and Agriculture.In addition, under the new regulation, all categories of wine intended for both export and sale on the local consumer market will be subject to mandatory organoleptic testing. This obligation will not apply only to “natural wine”.

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Pension Fund Assets Amounted to GEL 9.4 BLN - Dynamic Portfolio Leads...

In addition, as of May 31, 2026, 32,302 people have already benefited from the accumulated pension, to whom a total of GEL 160.6 million was issued as pensions.The positive result of the Pension Fund portfolios in May was mainly due to the high profitability of international stocks. The main factor behind the stock’s rise was renewed investor optimism about artificial intelligence, which was reflected in the global semiconductor, memory chip and technology companies’ share prices.The dynamic portfolio recorded the highest return of 2.49% last month, which is explained by its higher share of international stocks. The balanced and conservative portfolios, on the other hand, returned 1.99% and 1.29%, respectively.Year-to-date (YTD) returns for all three portfolios remain positive:• Dynamic Portfolio: 8.99%• Balanced Portfolio: 7.45%• Conservative Portfolio: 5.91%The Dynamic Portfolio also leads in terms of year-to-date returns, with an annualized return of 15.51%. The Balanced and Conservative portfolios have returned 13.90% and 10.40%, respectively.

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“They have turned the political space into a circus” - Papuashvili on...

According to Papuashvili, the opposition parties are confronting each other with the same methods that they used to use against their own country.“I said, they have already done it, they have eaten each other, and now they have started to do it again and eat each other. Let’s watch, let’s get a little pleasure from this. What they used to do to their own country, they are now doing exactly the same to each other. So let’s observe and enjoy it,” the Parliament Speaker noted.He compared the National Movement’s positioning in opposition unity to the Georgian feature film “Blue Mountains.”“Like “Blue Mountains,” they can’t tell if they’re here or there. We, as “Blue Mountains,” should watch this comedy that they’re making us watch,” Papuashvili said.According to the head of the legislative body, these processes also indicate the irrationality of the external forces that organize these groups. According to him, this reality reveals “what kind of people are sitting in Brussels and some capitals” who are betting on the aforementioned opposition unity.“Didn’t they stand by them in the 2024 elections? Didn’t they say, ‘Vote for them,’ or ‘Don’t they make resolutions on their orders and in agreement with them?’ The Georgian people should also see what we are dealing with. When Brussels and other forces that are behind them cannot be identified in such simple issues, can you imagine that they should hand over international politics and geopolitics to them? That is why there is chaos in the world today, war in Ukraine today,” Shalva Papuashvili said.The Chairman of the Parliament linked the local opposition’s governance model to the global political context and noted that the collapse of the security architecture in the international arena is precisely the result of such approaches.“What is happening in the opposition is a mini-example of what is happening in the world thanks to the same forces that we call the ‘global war party’ and the ‘deep state.’” "The name may be different, but the essence is the same - these are the people whose governance model we see in the form of the radical opposition. They turned the political space into a circus and they are doing exactly the same thing on the international political platform, and that is why the global security system has collapsed," said Shalva Papuashvili.

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TBC gets approval to acquire Uzbekistan’s dominant OLX after 1 year

The buyer, registered in the United Arab Emirates, will receive a 100% stake in OLX’s operator, OLX Classifieds LLC.When considering the application, the regulator took into account that TBC Bank Group already owns digital bank and payment service Payme in Uzbekistan. Since both OLX and Payme hold a dominant position in the market, the committee imposed several mandatory conditions to protect consumer interests and competition.In particular, the new owners are prohibited from exerting undue influence on the terms of use of OLX through other products of the group, as well as using the commercial data of competitors in order to limit their activities.In addition, the company will not have the right to force OLX users to use only Payme or TBC Bank services for payments. It will be obliged to ensure equal conditions for all competing payment systems.The regulator determined that if the above requirements are met, the transaction will not create monopoly risks, since the buyer was not previously represented in the country's online advertising market.For reference, OLX was recently officially recognized as an operator with a dominant position in the Uzbek market.It should be noted that the group announced the acquisition of OLX back in August last year, although the plan at that time was to buy a controlling stake in OLX Uzbekistan from TBC PLC, which in turn was to be acquired from the online classifieds platform OLX Group and which represents the classifieds business of Prosus.To acquire OLX UZ last year, TBC Bank Group created a joint venture (JV) with Titan Investments - an international investment holding company supported by leading international institutional investors, investment funds and a sovereign wealth fund from the Middle East. The joint venture will acquire 100% of OLX Uzbekistan, where TBC Bank Group owns 50% + 1 share, and Titan Investments owns the remaining share.As a result of the agreement signed with Prosus last year, TBC Uzbekistan will have access to new customer segments through OLX UZ, the 6th most popular website in Uzbekistan. OLX Uzbekistan has 5.4 million monthly active users and 2.2 million active ads, making it a leader in the services, goods, cars and real estate segments, serving more than 20% of the country's Internet users.

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