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Lasha Abashidze: Tbilisi-Akhaltsikhe flight to be launched soon

According to him, the modernization of the infrastructure in the passenger direction will be completed in the near future. The Tbilisi-Akhaltsikhe route will be launched soon, and five trains are also undergoing major repairs and modernization. According to Lasha Abashidze, in the near future all flights will be operated by modern trains.As for the freight direction, Georgian Railway has already announced an international tender for the purchase of 45 new mainline freight locomotives."We will have absolutely new, modern locomotives. This will significantly improve the direction of freight transportation, which will make the railway and freight transportation faster and more efficient. At the same time, the company will increase its income, which will finance new projects", - noted Lasha Abashidze.

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Georgian Railways' net profit amounted to GEL 112.3 million

According to the company, the growth was also due to the addition of new cargo flows - in the first half of the year, products appeared that were not or almost not transported in the same period last year.In parallel with the shipments, a significant increase was also recorded in the company's operational and financial results: Total revenue: GEL 352 million (+19% compared to the previous year) Adjusted EBITDA: GEL 92.2 million (+27%; in 6 months of 2025: GEL 72.4 million) Full EBITDA: GEL 137 million (+84%; in 6 months of 2025: GEL 74.3 million) Adjusted EBITDA margin: improved to 45% (from 25% in the previous year) Net profit: GEL 112.3 million (+74%; in 6 months of 2025: GEL 64.7 million) Meanwhile, according to Georgian Railways, the company's net profit in the first half reached GEL 112.3 million, which is a direct result of increased operational efficiency and expanded cargo turnover.

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NBG replenished foreign exchange reserves by $612.6 million in June -...

“International currency reserves are an important guarantor of the country’s macroeconomic stability. Accordingly, the NBG is consistently focused on building up reserves, in line with the bank’s stated policy. Whenever market conditions allow, the National Bank increases the country’s international reserves.Specifically, in June, the NBG built up its currency reserves by USD 612.6 million through interventions carried out on the Bmatch platform. Meanwhile, total net purchases for January–June 2026 amounted to USD 2,078.4 million.The NBG’s currency interventions in 2026 break down as follows: January - net purchase via Bmatch of USD 86.6 million; February - net purchase via Bmatch of USD 429.3 million; March - net sale via Bmatch of USD 16.2 million; April - net purchase via Bmatch of USD 333.3 million; May - net purchase via Bmatch of USD 632.9 million; June - net purchase via Bmatch of USD 612.6 million. The National Bank of Georgia will publish updated data on its currency market operations on August 25, 2026,” the National Bank’s statement notes.

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TBC Bank Group Completes Acquisition of Majority Stake in OLX Uzbekist...

The completion has followed the receipt of the required approval from the Committee for the Development of Competition and Protection of Consumer Rights of the Republic of Uzbekistan.For this acquisition, TBC Group formed a joint venture (JV) with Titan Investments, an international investment holding company backed by top-tier international institutional investors, family offices and sovereign wealth funds from the Middle East. The JV has acquired 100% of OLX UZ, with TBC Group owning 50% + 1 share and Titan Investments owning the remaining shareholding.OLX UZ is one of Uzbekistan's top 10 most visited websites, with over 5 million monthly active users and 2 million active listings across services, goods, vehicles and real estate, serving more than 17% of the country's active internet users.OLX UZ will continue to operate under the OLX brand and work as a stand-alone, open classifieds platform. Over time, TBC Uzbekistan plans to offer financial and payment services through OLX UZ, deepening engagement across consumer and business segments. This will in turn enable OLX UZ, which is already growing profitably, to further develop its own business."We're delighted to announce the completion of this acquisition, which represents continued execution on our strategy to diversify our business. It enables TBC to enter a new high growth vertical, bringing millions of new customers, allowing us to capture a greater share of customer attention and unlocking additional synergies that drive long-term customer loyalty and engagement. We will preserve what makes OLX unique and trusted - an open and independent platform - while creating new products and services for its users. We are pleased to partner with Titan Investments and leverage our combined expertise to drive further growth of OLX UZ”, - Nika Kurdiani, CEO of TBC Uzbekistan, commented.The JV between TBC Group and Titan Investments brings a unique combination of expertise in building and growing digital businesses. It allows the Group to leverage Titan's expertise in investing in and scaling high growth digital classifieds, while enabling TBC Uzbekistan to focus on integrating digital banking products into OLX UZ and developing new products together with OLX UZ.

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Electricity prices in Turkey have risen and are leaving Georgia

According to G&T's research, in June 2026, electricity exports to Turkey dropped sharply - 7.9x in volume and 12.0x in value. Exports to Turkey totalled 24.0 GWh and US$ 0.7mn, and average export price stood at 2.8 USc/kWh (-34.4% y/y).ESCO was the sole exporter, supplying electricity to settle a previous obligation. The sharp declines in export prices, volumes and revenues reflect lower prices and increased generation in Turkey:• In June 2026, Turkey’s average market price was 2.9 USc/kWh -34.4% y/y, +61.1% m/m. • Such a low price significantly reduces the economic viability of exports, as exporters must also cover transmission and guaranteed-capacity fees totalling 1.5 USc/kWh.• Electricity generation in Turkey increased sufficiently for the country to pause commercial imports from Georgia. Higher generation in Turkey reflected favourable hydrological conditions and rapid solar capacity additions.Exports from Georgia to Turkey resumed on July 6, 2026 as Turkish electricity prices increased. The average Turkish market price reached 6.0 USc/kWh over 1-20 July. In July 2026, the companies exporting electricity were: Achar Energy 2007, Energy Development Georgia, Svaneti Hydro, Kasleti-2, AISI LLC, Austrian Georgian Development and ESCO. 

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NBG issues statement on sanctions

“According to the information available to us, as a result of the investigation conducted by the relevant investigative service against the aforementioned companies, none of the sanctioned companies had their area of ​​activity in Georgia. In addition, additional investigative actions have been initiated against them.We note here that the regulatory framework of the National Bank of Georgia imposes strict requirements for market entry and operation and represents an important filter for entities involved in illegal activities.In addition, the regulatory framework for virtual asset service providers developed by the National Bank is in line with the standards of the International Task Force on Combating Money Laundering (FATF) and best international practices, as confirmed by the 2024 assessment of the Committee of Experts of the Council of Europe (Moneyval). According to the assessment, in relation to Recommendation 15 (which provides for compliance with the requirements for the introduction of new technologies and the regulation of the activities of virtual asset service providers (VASPs)), Georgia’s rating is "Largely compliant." Similar assessments have been made regarding this recommendation by, for example, the United Kingdom and France," the regulator's statement reads.

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