The conference focused on the practical application of Georgian Government Bond Indices and the prospects for developing index-based investment products.The conference followed a significant milestone achieved in February 2026, when, for the first time in history, seven Georgian Government Bond Indices were published with the support of the NBG. Developed by the Intercontinental Exchange (ICE), these indices became available through both Bloomberg (Bloomberg IND) and the ICE Index Portal (indices.ice.com).The conference was opened by Ekaterine Mikabadze, First Vice Governor of the National Bank of Georgia. In her welcoming remarks, she emphasized the importance of capital market development, the practical significance of market indices, and their role in the development of investment products.According to Ekaterine Mikabadze, the publication of these indices marks a major step forward in the evolution of Georgia's financial market."Over the past few years, Georgia has made significant progress. Today, we have a well-developed government securities market, robust market infrastructure, a Delivery Versus Payment (DVP) settlement system, and a modern regulatory framework for investment funds and asset managers. In addition, the funded pension system is becoming an increasingly important long-term investor in the local economy. The ICE Georgian Government Bond Indices add a fundamental building block to this ecosystem. They serve as a globally recognized benchmark and cover the GEL-denominated sovereign yield curve with maturities of up to 10 years. Using the ICE indices enables portfolio management based on the risk-return characteristics of treasury bonds, facilitates the development of tailored investment mandates, and ultimately supports the creation of index-linked investment products tied to the Georgian government bond market," noted Ekaterine Mikabadze.During the conference, representatives of the NBG's Financial Markets Department and Securities Market Supervision Department delivered presentations on the strategic vision for the development of Georgia's financial market, as well as the regulatory and tax framework governing investment funds.Panel discussions focused on the practical steps required to establish index-based investment funds in Georgia, international best practices in ETF development, and ways to strengthen the investment market ecosystem and further develop the supporting financial infrastructure.The conference brought together representatives of the Intercontinental Exchange (ICE), as well as executives and professionals from local and international financial institutions, asset management companies, investment fund managers, and the banking sector.On the second day, the conference continued with bilateral meetings between local financial market participants and ICE representatives.
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MFO "Express Capital +" was sanctioned with 4,300 GEL for irregularity (violated the Financial Monitoring Service rule, did not record the transaction). It also provided incorrect information to the regulator.MFO "Cross Credit" was fined with 6,000 GEL, "Georgian Capital" with 1,000 GEL.MFO "Invest Georgia" was sanctioned with 17,000 GEL. The MFO provided false information on transactions to the NBG. 2 were fined with 4,000 GEL.9,000 GEL was issued for failing to take into account risk factors in the case of 3 clients.
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According to the investment bank's updated macroeconomic analysis, the surplus in the foreign exchange market in recent months, which triggers the strengthening of the lari and the growth of international reserves, persisted in June and early July.In June, a significant contribution to foreign currency inflows was also made by activated purchases of Georgian government securities by non-residents, which increased the share of foreign investors in government securities to 8.3% (the highest since February 2022).TBC Capital economists note, against this backdrop, an increase in international reserves of 52% per year, in line with expectations.It is expected that the accumulation of reserves will continue in the coming months, although at a relatively moderate pace.
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According to the National Bank of Georgia's monthly review, in May, compared to the previous month, the average exchange rate of the lari against the US dollar strengthened from 2.6955 to 2.6806 (by 0.6%), and against the EUR from 3.1481 to 3.1315 (0.5%).At the end of May, the official exchange rate of the lari against the USD and EUR amounted to 2.6693 and 3.1079. During this period, the maximum exchange rate value was 2.6916, the minimum - 2.6693 (04/2026 - 2.70%, 2.69%, respectively). In April, the GEL strengthened by 0.9% against USD , but it strengthened less against the EUR, depreciating by 0.1%.
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According to him, events of this nature are very important for the success of the Georgian economy.“The Georgian market is one of the main attractive countries for international investment,” said the Managing Director of Emerging Markets at Barclays Investment Bank.The two-day international conference organized by the NBG was dedicated to the important project achieved in February 2026, when, for the first time in history, seven indices of Georgian government bonds were published with the support of the National Bank of Georgia. The indices were developed by Intercontinental Exchange (ICE) and made available through both Bloomberg (Bloomberg IND) and the ICE indices portal (indices.ice.com).
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The international conference "Perspectives for the Development of the Georgian Financial Market - Indices and Exchange-Traded Investment Funds" was dedicated to the practical use of Georgian government bond indices and the prospects for the development of index-based investment products."I would like to congratulate the National Bank of Georgia on such an important step as the publication of ICE indices in Georgia and the integration of the Georgian securities market into it. Both local and international asset managers are actively involved in the local market. We welcome and look forward to any new initiative of the National Bank, which will further increase market liquidity and attract more foreign investors," said Adrian Petreanu.The two-day international conference organized by the NBG was dedicated to the important project achieved in February 2026, when, for the first time in history, seven indices of Georgian government bonds were published with the support of the National Bank of Georgia. The indices were developed by Intercontinental Exchange (ICE) and became available through both Bloomberg (Bloomberg IND) and ICE's indices portal (indices.ice.com).
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