The meeting was also attended by Ekaterine Galdava, Vice Governor of the NBG, and Giorgi Edilashvili, Head of the International Relations Department.During the meeting, the parties discussed ongoing and planned initiatives related to the development of Georgia's payment system, consumer rights protection mechanisms, financial education initiatives, and the future prospects for cooperation between the National Bank of Georgia and Visa.Natia Turnava expressed her gratitude to Visa for its active support in developing the NBG's comparison platform for payment service fees and commercial bank deposit interest rates. Launched at the initiative of the NBG, the new platform enables consumers to compare the fees charged by various payment service providers, as well as the interest rates offered on commercial bank deposit products, helping them make informed financial decisions.The parties also discussed the Tbilisi Finance Summit, which will be held in Tbilisi for the second time on October 27–28 this year. As in the previous year, Visa is once again an active supporter of the summit.The meeting also covered ongoing and planned initiatives designed to expand access to innovative payment services across the country.According to NBG Governor Natia Turnava, close cooperation with the private sector and international partners is essential for the National Bank of Georgia to provide consumers with modern, secure, and innovative payment services.Visa has been operating in Georgia for more than 25 years and plays a significant role in the development of the country's payment ecosystem. As of June 2026, the number of active Visa cards in Georgia exceeded 1.9 million.
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The bonds were placed within the capital market support program of the Economic Development Corporation of Georgia, and they are planned to be admitted to trading on the Tbilisi Stock Exchange. Securities investors are natural persons. The coupon of the bonds denominated in US dollars was 7.5%, and the coupon of the euro tranche was set at 6.5%.Raised funds will be used to refinance existing bonds and finance future projects. With this transaction, the company significantly improved financing costs and, due to high interest, was able to attract additional resources.According to Otar Sharikadze, director of TBC Capital, the company is an active issuer on the capital market of Georgia, and taking into account this issue, it has placed bonds totaling more than $29 million and €8 million."I am glad that within the framework of cooperation we have already implemented the 4th and 5th issues. As a result, we are jointly continuing the development of the local debt capital market. This year, TBC Capital has already helped six companies to attract financial resources." In total, we placed ₾400 million worth of corporate bonds within 10 transactions, as a result of which we maintain our leading position and hold a 60% share in the local market," said Otar Sharikadze.Director of the Economic Development Corporation of Georgia, Irakli Gabriadze, emphasized that this is the second successful cooperation with "Empy Development" within the framework of the capital market support state program."When using the program for the first time, the company issued debut bonds, which is another visible example of the entry of new issuers into the capital market. I am glad that the capital market is becoming an effective tool for attracting financial resources for Georgian businesses. The corporation will actively continue to support similar initiatives in the future," said Irakli Gabriadze.According to the director of Empi Development, Papuna Katsitadze, the high confidence of investors and the success of previous issues allowed the company to return to the market with an even larger offer."It is particularly important that investors' interest in the current issue is still high. In addition, the existing investors also expressed their desire to participate in the new issue, which is another proof of high confidence in the company. "MP Development" has been developing consistently for 14 years, and it is these results that determine the growing confidence of the market," said Papuna Katsitadze.
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Lion Finance Group (BGEO LN) shares closed at GBP 117.00 per share, gaining 3.17% week-on-week and 4.09% month-on-month. More than 171,000 shares were traded during the week within a price range of GBP 111.90–117.60 per share. The average daily trading volume over the past four weeks stood at 45,000 shares, while the traded volume represented 0.40% of the company’s market capitalization.TBC Bank Group (TBCG LN) ended the week at GBP 47.62 per share, up 0.55% week-on-week and 5.87% month-on-month. Trading activity exceeded 295,000 shares, with transactions conducted in the GBP 46.44–48.72 per share range. The company’s average daily traded volume over the last four weeks was 58,000 shares, and weekly traded shares accounted for 0.53% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 41.70 per share, marking a 4.12% weekly increase and a 6.11% monthly gain. More than 200,000 shares changed hands during the period, trading between GBP 39.40 and GBP 42.05 per share. The average daily trading volume for the last four weeks was 39,000 shares, with traded volume representing 0.58% of the company’s market capitalization.
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According to the investment bank, electricity exports to Turkey in June decreased by 7.9 times in volume and 12 times in value. The increase in generation in the Turkish market was due to good hydrology and intensive construction of solar power plants.“Exports to Turkey amounted to 24.0 GWh and $0.7 million, while the average export price was 2.8 US cents per kWh (-34.4% y/y). The only exporter was ESCO, whose goal was to repay old debt,” the study notes.Galt & Taggart explains that the average electricity price in Turkey in June was 2.9 US cents/kWh (-34.4% year-on-year, +61.1% month-on-month). Such a low price significantly reduced the economic attractiveness of exports, since exporters also had to pay the transmission tariff and guaranteed capacity fee (totaling 1.5 cents). As a result, Turkey refused to import electricity from Georgia commercially.July dynamics and restored exportsThe situation changed since July - against the background of an increase in prices on the Turkish market (with an average rate of 6 US cents/kWh for July 1-20), electricity exports from Georgia resumed on July 6.In July 2026, the list of exporting companies includes: "Adjara-Energy 2007" "Energy Development Georgia" "Svaneti Hydro" "Kasleti 2" "Aisi" LLC "Austrian Georgian Development" ESCO
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As the Embassy explained, they firmly oppose censorship and restrictive laws that are used to silence people with undesirable views.“The Trump administration has clearly stated that the United States considers freedom of speech a fundamental foundation of a functioning society, and we firmly oppose censorship and those restrictive laws that are used to silence people with undesirable views. As we have also shared with our Georgian partners, stability requires a political opposition that cooperates with state institutions on behalf of the citizens who voted for them. Political stability, ensured by a broad representation of views, is part of the factors that make Georgia a reliable partner for American investments, security cooperation, and long-term strategic partnership.We are concerned about the Georgian government’s Directorate for Combating Hate Speech. The best response to lies and false views is more freedom of speech, not enforced silence,” - the US Embassy noted.
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According to the National Bank, JSC Telasi itself has not been included on the sanctions list and is a provider of critically important services, whose uninterrupted operation is essential for the population and the economy.“Taking into account the requirements of international sanctions, the National Bank of Georgia, within the scope of its competence, ensures that appropriate approaches are applied so that, on the one hand, sanctions requirements are complied with, while, on the other hand, the continuity of critically important services is taken into account.In addition, when assessing sanctions-related issues, specific circumstances are taken into consideration, including the nature and purpose of the operations to be carried out. Accordingly, banks will continue to service JSC Telasi in the national currency, Georgian Lari, in line with the requirements of the sanctions in force, NBG regulations, their own policies, and risk assessment approaches,” the National Bank states.
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Khutsishvili met with the Vice PM of Turkmenistan - the main topic is...
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NBG launches online platform to compare banking fees and deposit rates
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Five Leading Georgian Commercial Banks to Transform Treasury Infrastru...
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Banks increased their Return on Equity – Rating
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TBC and FMO Close Landmark USD 210 million Syndicated Financing
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