
The most environmentally sustainable airline in Europe, Wizz Air, will operate twice-weekly flights on the Venice–Kutaisi–Venice route using Airbus A321neo aircraft, with flights scheduled on Tuesdays and Saturdays. Intensive negotiations between United Airports of Georgia and the airline have concluded successfully. Tickets are already available for purchase on the airline’s website.At the beginning of the summer navigation season, Wizz Air restored its routes from Kutaisi to Madrid and Hamburg, and in June it launched a completely new route to Lyon, with twice-weekly direct regular flights.Since 2022, the airline has maintained its leading position in Georgia’s aviation market. According to data from the first seven months of 2025, Wizz Air served nearly 900,000 passengers in Georgia. During the same period alone, the airline operated around 4,800 flights to and from Kutaisi, representing a 9% increase compared to the same period last year.Currently, Wizz Air operates flights from Kutaisi International Airport to 24 destinations across 13 countries in Europe and the Middle East.
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As of August 1, 2025, the bank’s loan portfolio exceeds 1 billion GEL, with approximately 60% — equivalent to 612 million GEL — issued in foreign currencies (USD and EUR).In terms of deposits, more than 81.5% (over 1.003 billion GEL) are foreign currency deposits. Over half of the deposit portfolio consists of current accounts. Time deposits also show a high dollarization rate, with a coefficient of around 80%.Cartu Bank is associated with the Ivanishvili family.
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The reason for the fine was four instances of incorrect submission of documentation requested by the NBG.So far this year, four commercial banks have been fined under the "Law on Facilitating the Prevention of Money Laundering and Terrorism Financing" — including digital "Paysera", "Ziraat Bank", and "Isbank", with total fines amounting to 116,000 GEL.According to the NBG, in 2024, it has also fined two other banks — Bank of Georgia and Basisbank — with total fines amounting to 127,800 GEL.
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The average monthly traffic is approximately 600,000 transactions, amounting to nearly 300 million USD. In July, 620,000 transfers were registered, and in June, 635,000.According to the National Bank of Georgia, the inclusion of remittance data in the Creditinfo database was intended to improve access to loans. However, most individuals who rely on money sent from abroad still remain unable to access credit. Remittance data has been included in the Creditinfo database since spring 2023.Some banks offer remittance-backed loans, but in practice, only two banks are actively issuing them: Bank of Georgia and TBC Bank.
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"Despite the weakness of global markets and the trend of the Georgian lari strengthening against the US dollar — which reduces the profitability of assets denominated in foreign currency — July’s positive performance was mainly driven by the high and stable returns of assets denominated in the local currency," the Pension Fund noted.In July, the conservative portfolio recorded the highest growth at 0.62%, followed by the balanced portfolio with 0.51%, and the dynamic portfolio with 0.20% growth.It’s also worth noting that the Consumer Price Index (CPI) decreased by 0.17% in July, which had a positive impact on the real returns of the portfolios.Although July was relatively weaker for the dynamic portfolio, it remains the top performer in terms of year-to-date profitability. Nonetheless, all three portfolios maintain a relatively high rate of return: Conservative – 6.00% Balanced – 6.50% Dynamic – 7.08% For reference, the dynamic portfolio also leads in terms of long-term profitability. Since the portfolios were launched (on August 6, 2023), its annualized return stands at 13.3%, compared to 12.5% for the balanced and 11.5% for the conservative portfolio.As of the end of July, the Pension Fund’s total assets exceeded ₾7.2 billion, and the generated returns surpassed 1.8 billion GEL.
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As of July 31, 2025, a total of 21,972 citizens have benefited from the funded pension system, and ₾95.4 million has been disbursed to them in the form of pension payments.
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Four pharmaceutical companies fined with GEL 560,000 for high price in...
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Lion Finance is considering a possible acquisition of a stake in HSBC...
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Depositors are investing in USD
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Gilauri plans to sell 20% of his shares in GCAP
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Renowned Georgian film director Eldar Shengelaia dies at 92
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