10,000 GEL was imposed on the country's main pawnshop for incorrectly informing the financial monitoring of transactions.12,000 - for deceiving the NBG. The requested information was incorrectly provided to the supervisor in 6 cases.30,000 GEL was issued for failure to comply with the requirements for recording transactions with 3 clients. Operations were not carried out in the electronic system.5 clients violated the requirements of the anti-money laundering legislation on monitoring business relationships, which is subject to a sanction of 30,000 GEL.No preventive measures were taken on these 5 clients. Their activities are unstudied.The largest player in the M/O market is the pawnshop. The main product of MFO "Rico"'s credit line is a pawn loan, although management believes that this does not detract from the financial institution. It is the most reliable in the MFO market.
1782391558
As of June (01.06.1026), the Russian bank's subsidiaries VTB (26 million), Silk (11.3 million), digital Hash Bank (4.9 million) and Paysera (0.956 million) have been sanctioned for losses.
1782391417
According to the Prime Minister, in recent years, the Middle Corridor has emerged as one of the most reliable routes between Europe and Asia, and Georgia has become a powerful economic and logistical hub that creates additional value for international trade.“In the first five months of this year, cargo turnover in Georgian ports increased by 21%. As for the new Poti seaport, cargo turnover here has increased by 78% over the past three years. These figures clearly indicate that the demand for our transport corridor is growing very rapidly. Our task is to respond to this demand with modern infrastructure. That is why we continue to fully modernize the country's transport network: we are expanding ports, building the Anaklia deep-water port, and upgrading railway and road highways,” said Irakli Kobakhidze.He expressed special gratitude to the US International Development Finance Corporation (DFC) and noted that the project unites the state, Georgian business and American financial institutions around a common goal. The Prime Minister also highlighted the success of the Georgian company developing the project, PACE Group, which shows that local business has the appropriate competence and resources.$25 Million US Investment in Poti PortAccording to the US Embassy in Georgia, the US Development Finance Corporation (DFC) has officially signed a second loan agreement with the Georgian company PACE Group in the amount of $25 million.The financial resources will be used to complete the construction of the second berth of the new Poti seaport.The economic impact of the project includes several key points: Increase in throughput: The port's throughput will increase by more than 1 million tons per year. Cargo diversification: The ability to process bulk cargo will significantly increase. Regional competitiveness: Critical infrastructure will be strengthened, which will make trade along the Trans-Caspian Corridor even safer and more efficient.
1782391289
During the meeting, the parties discussed the current state of Georgia's economy and its macroeconomic prospects. Focus was placed on the risks associated with the ongoing developments in the Middle East and their potential impact on the Georgian economy. Additionally, they reviewed the resilience and development trends of the banking sector, the supervisory framework, the digital transformation of the financial sector, and cybersecurity matters.Nino Jeladze underscored the significant role of the ADB in terms of providing financing and sharing expertise. She also noted that despite the increased uncertainty against the backdrop of current geopolitical events, Georgia's financial system maintains its resilience and continues to seamlessly provide credit to the economy. Banks maintain sound capital and liquidity indicators, while credit losses remain at historically low levels. At the same time, credit activity is at a sustainable level, amounting to 14.1% as of April 2026.The meeting was held in the format of an exchange of information and experience, with both sides reaffirming their commitment to further cooperation in the future.
1782391112
The embassy said that the completion of this infrastructure project will significantly increase the port’s capacity to handle bulk cargo. In particular, the port’s throughput capacity will increase by an additional one million tons per year, which will help strengthen critical infrastructure and make trade along the Trans-Caspian Corridor safer and more efficient.The ongoing project is a continuation of the successful partnership between DFC and PACE Group.As part of this cooperation, the corporation allocated a $50 million loan for the development and construction of the new Poti Seaport Terminal in 2020.For your information, DFC is the international investment agency of the US government. Its activities are aimed at ensuring solid economic results for American taxpayers, while at the same time contributing to the sustainable economic development of US allies and partner countries.
1782391060
According to the organizers, the forum will become a platform for direct dialogue between the heads of state agencies and representatives of business circles of the two countries.The main goal of the event is to deepen bilateral cooperation, exchange experience in the investment field and expand trade and economic ties.Within the framework of the forum, the Uzbek side will present the country’s investment potential and familiarize foreign partners with the current legal environment, existing benefits for investors and state support mechanisms.Delegates will also learn about the priority areas of Uzbekistan's state policy related to improving the investment climate and protecting business rights.During the panel discussions and B2B meetings, special attention will be paid to the prospects for strategic partnerships in the fields of agriculture, the electrical industry, and the production of modern building materials.The forum participants will also discuss the prospects for implementing joint investment projects and developing new commercial opportunities.
1782390981












