The central bank reported a USD 613 million month-on-month surge in international reserves, accompanied by improvements across reserve adequacy metrics.“The current level of foreign exchange reserves surpasses the 100 per cent threshold defined by the International Monetary Fund’s ARA metric, standing at 128.2 per cent.International reserves serve as a vital guarantor of the country’s macroeconomic stability.Accordingly, the long-term policy of the National Bank of Georgia remains focused on reserve accumulation and the efficient management of reserve assets. Whenever foreign exchange market dynamics and macroeconomic conditions permit, the central bank replenishes its reserves.As a result of the NBG’s policy, reserve volumes have doubled over the past two years compared to October 2024. Throughout 2026, favourable market conditions enabled net foreign currency purchases totalling USD 2,566.6 million between January and July. Net purchase statistics for August 2026 will be published on 25 September.Notably, in 2024, the NBG took a strategic decision to diversify its reserve holdings by making its inaugural investment in gold. Subsequent appreciation in gold prices has contributed to further growth in gross international reserves. In June 2026, the NBG acquired an additional USD 100 million in monetary gold. Driven by market price movements, the total value of monetary gold reserves grew by USD 135 million month-on-month to reach USD 1,149.2 million as of August 2026, accounting for 14.1 per cent of gross international reserves.The National Bank of Georgia will release updated international reserve figures on 7 October 2026,” the National Bank’s statement read.
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“The situation in Germany is quite difficult in terms of economy. Over the past three years, a recession has been observed overall, that is, a decline in the economy. All this naturally affects the mood of the population. Everyone sees that the government does not have the resources to manage processes properly, they do not have sufficient sovereignty for this,” Kobakhidze told journalists in Batumi.According to the Prime Minister, the economic situation in Germany is also reflected in the mood of the country’s voters, and one of the manifestations of this is the elections held in the state of Saxony-Anhalt.“This is reflected in the fact that the opposition party won in one of the federal subjects, the state of Saxony-Anhalt,” he said, noting that he does not intend to interfere in the choice of the German people.What do economic statistics show?Part of Kobakhidze’s statement concerns the dynamics of the German economy in recent years. According to official statistics, Germany’s real GDP decreased by 0.9% in 2023 and by 0.5% in 2024. In 2025, the economy showed growth of 0.2%. Accordingly, the assessment of the entire period of the last three years as a “recession” is not accurate, although the German economy shrank for two consecutive years in 2023-2024.Amid economic difficulties, the German government is trying to stimulate growth. Chancellor Friedrich Merz has set a target of at least 1% economic growth by 2027, while the current forecast by the Ministry of Economics is for 0.5% growth by 2026.Saxony-Anhalt elections and AfD victoryKobakhidze described the results of the Saxony-Anhalt elections as a victory for the opposition, although the AfD – the Alternative for Germany – party that came first in the elections is not a typical opposition force in the country’s political spectrum.In the September 6 elections, the AfD received around 44% of the vote, achieving an unprecedented result for a German far-right party in regional elections since World War II. The ruling CDU received around 17%. Despite its victory, the AfD does not have an absolute majority, and the issue of coalition partners to form a government remains a problem.Speaking about the results of the German elections, Kobakhidze stated that "they should draw their own conclusions about the rest" and that Georgia does not intend to interfere in the choice of the German people.
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According to Kobakhidze, the 10-year plan envisages doubling the capacity of railways and halving the time for transporting cargo. It is also planned to double the capacity of ports and triple the capacity of international airports.As of the Prime Minister, certain projects have already been launched within the framework of the plan. He said that in 2026, more than 1 billion GEL will be invested in the modernization of the Georgian railway infrastructure and rolling stock.According to Kobakhidze, 75% of the construction of the East-West International Highway has already been completed.According to the Prime Minister, against the backdrop of the diversification of global trade routes and the increase in the sustainability of supply chains, it is important for Georgia to use the opportunities of the Middle Corridor.According to him, according to the World Bank, with appropriate investments and increased efficiency, cargo flows in the Middle Corridor could triple by 2030, and transportation time could be halved.The Georgian International Maritime Forum is being held in Batumi on September 7-8.
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According to the statement, Girchi has always been a party of free people.“We originally named ourselves ‘Girchi’ [Pinecone] to encapsulate the concept of liberty within a neutral, everyday symbol that would be easy for people to remember. In that respect, it was perhaps overly successful, given that in recent years two separate political factions have adopted the same name, despite neither having any genuine connection to liberty.Our opponents have exploited this confusion to the full, attributing various alien positions and statements to us. On occasion, individuals with no connection to our movement or to the cause of freedom have been falsely portrayed as our allies or activists.All of this creates a distorted impression among the public and undermines the foundational principles upon which our party was established. We have decided to put an end to this ambiguity and turn over a new leaf in our political journey by naming ourselves what we truly are, always have been, and will continue to be: the Free People’s Party,” the statement read.
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According to the company, the main operational results for January-August 2026 were distributed as follows:Container shipments: A total of 464,605 TEU containers were processed, which is 7.5% more than in the same period last year. The peak figure for the year was recorded in July - 65,759 TEU. Ships received: The port received 291 container ships in 8 months (239 ships in 8 months of 2025). Of these, 38 ships entered in August alone. General cargo: 297,361 tons of general cargo were processed, which is a 55% increase compared to the previous year. Ferry traffic: The volume of cargo received by ferry ships amounted to 143,454 tons (113,060 tons in 8 months of 2025).
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It is noteworthy that citizen applications to the Commission have increased significantly in recent times, driven by legislative amendments. According to these changes, the maximum threshold value of a dispute subject within which the Commission is authorized to review consumer complaints was raised from GEL 50,000 to GEL 100,000. Complaints submitted by consumers primarily relate to payment transactions executed from accounts that consumers dispute.Furthermore, in accordance with the favorable decisions issued by the Commission, the total volume of funds actually reimbursed/credited to consumers stands at GEL 426 thousand.At present, the total value of ongoing disputes is GEL 400 thousand, while the remaining amount to be reimbursed by providers to consumers pursuant to the Commission's decisions totals GEL 393 thousand.In total, the aggregate amount claimed across all complaints received throughout the entire period of the Commission's operation amounts to GEL 1 million 645 thousand.The Dispute Resolution Commission under the National Bank of Georgia provides consumers with a fast, efficient, and free mechanism for dispute resolution. The goal of the Commission is to protect the rights of payment service consumers, ensure their fair treatment, and strengthen consumer trust in digital payments.The Commission operates as an independent body, and its establishment stems from the commitments undertaken by Georgia under the Association Agreement between Georgia and the European Union.Consumers are entitled to submit a complaint to the Dispute Resolution Commission operating under the National Bank of Georgia if they believe there has been an unauthorized transaction (executed without their consent) via payment card, internet banking, mobile banking, or other channels, a violation of the payment transaction execution deadline, an incorrectly executed transaction, an erroneous transaction fee debit, or other similar cases.
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