According to TBC PLC, Allan Gray’s stake fell from 3.2731% to 2.9751% on September 18. Its holdings of voting shares consequently decreased from 1,831,304 to 1,657,934, indicating that the investment firm sold approximately 173,370 shares. TBC PLC was notified of the change on September 23, when the transaction was completed.Nearly a year before this latest reduction, Allan Gray had increased its stake in TBC. In November 2025, the firm raised its holding from 2.993% to 3.2731%. This was its first share purchase in TBC following a period of reducing its position between 2023 and 2025.Before that, Allan Gray reduced its stake from 3.8861% to 2.993% on June 27, 2025. Earlier, on November 2, 2023, it had lowered its holding from 4.9897% to 3.9978%.
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Masurashvili sold 1,715 shares at an average price of £50.60 per share, generating £86,779.On the same day, she sold an additional 1,000 shares at an average price of £50.80 per share, for total proceeds of £50,800.Both transactions were conducted on October 5, 2026.
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On September 25, Kurdiani sold 24,287 shares at an average price of £52.50 per share, for total proceeds of £1,275,067.50.A day earlier, on September 24, he sold 713 shares at an average price of £52.57 per share, generating £37,485.80.The two transactions, conducted on the London Stock Exchange, generated total proceeds of £1,312,553.30 for Kurdiani.
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According to the National Bank, since the legal verification of the facts mentioned in the letter falls outside the mandate defined by the legislation governing the National Bank, the materials have been forwarded to the competent authorities for further action. The National Bank hopes that the objective truth regarding these circumstances will be established in a timely manner.Furthermore, pending the investigation and until the matter is fully clarified and in adherence to high reputational standards—the Board of the National Bank will consider the issue of temporarily recusing Nana Keinishvili from Board meetings during its upcoming session.As for the virtual asset service provider Bitxchange LLC itself, the National Bank reports that the entity has been fined following a scheduled inspection for violating regulations on the prevention of money laundering and terrorist financing.
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In 2025, the median wage was 29.3% lower than the average monthly wage.By economic activity, the highest median wages in 2025 were recorded in the following sectors: Public administration and defense; compulsory social security – 2,501 GEL; Construction – 2,328 GEL; Mining and quarrying – 2,264 GEL; Information and communication – 2,250 GEL; Financial and insurance activities – 2,211 GEL. According to Geostat data for 2025, the median wage lags behind the average monthly wage across all sectors.
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In 2025, earnings increased in almost all sectors compared to the previous year. The highest average monthly earnings were observed in the following economic activities: Financial and Insurance Activities – 4 123.6 GEL (increased by 12.1 percent compared to the previous year); Information and Communication – 4 042.6 GEL (increased by 3.0 percent compared to the previous year); Construction – 3 026.1 GEL (increased by 13.5 percent compared to the previous year). In 2025, the average monthly earnings of women amounted to 1 743.4 GEL, while those of men amounted to 2 586.5 GEL. Compared to the previous year, women's earnings increased by 151.8 GEL (9.5%) and men's earnings by 245.9 GEL (10.5%). In almost all sectors of economic activity, men's average monthly earnings were higher than women's.In 2025, the average monthly earnings of employees in the business sector increased by 173.9 GEL (8.6%) and amounted to 2 198.4 GEL. The highest average monthly earnings by economic activity were observed in the Information and Communication sector (4 097.1 GEL, increased by 2.2 percent compared to the previous year) and in the Professional, Scientific and Technical Activities sector (3 340.7 GEL, increased by 6.1 percent compared to the previous year).In 2025, the average monthly earnings of employees in the non-business and financial sector are 233.7 GEL (12.5%) higher than in the previous year and amount to 2 100.5 GEL. By economic activity, employees in the Financial and Insurance Activities sector have relatively high earnings.
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PSP Retains Its Position as Georgia’s Pharmacy Market Leader in 2026
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Cartu Attracts Depositors from Another Bank
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Geostat: GDP grew by 6.3% in August
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The NBG left the capital buffer unchanged and gradually raised the deb...
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Lending growth remains at 15%
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