In October, 236 persons were prosecuted for domestic violence

TBC PLC agreed to acquire a majority stake in BILLZ for up to $12 million, including an initial 53% stake for $9 million with plans to increase it to 60% over the next two years, giving BILLZ a post-money valuation of $20 million. The partnership and planned investment will unlock additional catalysts for growth for both BILLZ and TBC Uzbekistan.Under the terms of the deal, BILLZ will continue to operate under its own brand, while becoming fully integrated into the TBC Uzbekistan ecosystem. The management and wider team at BILLZ will remain with the company, continuing to lead its product development and execution.TBC PLC has entered into a put/call arrangement for the remaining 40% of BILLZ, which can be exercised 36 months after the completion of this deal.BILLZ is an all-in-one retail management SaaS platform for SMEs, combining POS, inventory, CRM, e-commerce, and analytics to streamline operations and drive sales. It simplifies marketing, connects seamlessly to marketplaces and social shops, and helps retailers grow online. BILLZ currently supports over 4,000 retail businesses and processes more than 1.5 million transactions per month, making it one of the most widely used SaaS platforms in the region.BILLZ will enhance TBC Uzbekistan’s reach into the strategically important SME segment, providing immediate access to thousands of business customers and creating additional synergies within the ecosystem to drive average revenue per user, loyalty and stickiness. BILLZ users will in turn gain seamless access to banking and lending products provided by TBC UZ, Payme’s suite of digital payments services, as well as other products within the TBC Uzbekistan ecosystem.The strategic partnership agreement with BILLZ comes as TBC Uzbekistan continues to expand the product offering available within its digital banking ecosystem. It follows the recent launch of a new lending product for business customers, unveiled in April as part of the TBC Business offering for small and medium-sized enterprises, as well as the launches of Osmon credit card and Salom debit card last year. These products are already playing a key role in tapping new customer segments, diversifying revenue streams and driving growth of TBC’s digital banking ecosystem.Nika Kurdiani, CEO of TBC Uzbekistan, commented: “Since our 2019 expansion into Uzbekistan, TBC has played a leading role in the development of the country’s financial services and technology sectors. We have been a key strategic investor and builder, with our digital banking ecosystem setting a new standard for best-in-class digital products in a previously underserved market. We are pleased to be continuing this work through a strategic partnership with market leader BILLZ, reconfirming our ongoing commitment to supporting Uzbekistan’s vibrant startup community. We will continue to innovate and expand our offering as part of this partnership, which signals an important step change for the tech industry in Uzbekistan. We have noted with great admiration the work that Rustam and the founding team at BILLZ have done to transform the platform into one of the country's leading players in its space and are proud to welcome BILLZ into the TBC family. I am confident that this partnership will help to fuel the platform’s growth and development, as well as unlock additional synergies within our ecosystem that will further drive customer engagement, loyalty and revenue growth.”Rustam Khamdamov, CEO & Co-Founder of BILLZ, commented: “This partnership is a major milestone not only for BILLZ, but also for the broader startup ecosystem in Central Asia. Over the past few years, we’ve been focused on empowering thousands of retail entrepreneurs with modern tools to grow and digitize their businesses. Joining forces with TBC Uzbekistan gives us a powerful platform to scale our impact, offer more value to our customers, and accelerate our mission across the region. We’re proud of what our team has built and excited for this next chapter of growth together with TBC.”TBC Capital is acting as sole M&A advisory to TBC PLC in connection with the transaction. 

1751030219

In May 2025, according to data from TBC Bank’s payment channels, consumers increased their overall spendings and made more transactions compared to last year’s May.In the leisure sector, particularly in hotels, spending increased by 34%, which was mainly driven by non-residents’ increased spending. Non-residents’ average transaction in hotels was approximately 3 times higher compared to residents’ figure.In May 2025, there was a notable annual increase in non-cash spending in restaurants, while average spending marked GEL 34. During the same month, non-residents’ average transaction volume was approximately 5 times higher than the residents’ figure.Consumers spent 37% more on apparel and accessories in May 2025 compared to the previous year. 

1751030124

The verdict was announced just a short while ago. Givi Targamadze did not attend the court session.Givi Targamadze was summoned to appear before Parliament’s temporary investigative commission on April 3 but failed to show up.He was charged under Article 349 of the Criminal Code, which covers “failure to comply with the request of the Temporary Investigative Commission of the Georgian Parliament.”The Tbilisi City Court imposed a GEL 10,000 bail as a preventive measure in the case concerning Targamadze’s failure to appear before the investigative commission, which he paid within the legally stipulated timeframe.

1751029986

The volume of water provided to households amounted to 243.4 million cubic metres which is 5.1 percent higher compared to 2023 (231.5 cubic meters).As of December 31, 2024, the number of population connected to water supply industry amounted to 2.79 million (75.4 %) which is 1.5 percent higher compared to 2023 (2.75 million).In 2024, the number of population connected to a wastewater collecting system increased by 1% compared to the year prior (1.98 million) and amounted to 2.00 million (54.1 %), while the number of population connected to wastewater treatment facilities increased by 3.9 percent compared to previous year (1.52 million) and reached 1.58 million (42.7 % of total population).

1751029835

Diseases of the circulatory system (41.3 percent) and neoplasms (13.0 percent) are the dominant causes of death.Causes of death vary with age. Certain disorders originating in the perinatal period are dominant among children under-5. At the age of 5-39, Injury, poisoning and certain other consequences of external causes prevail, as the risk of accidents is relatively higher for these age groups. At the age of 40 and above, the dominant causes of death are diseases of the circulatory system and neoplasms.

1751029615

The volume of reserves as of 01.06.2025 is $4.6 billion.According to the regulator, the NBG is focused on replenishing its reserves. It buys dollars when the market allows for purchases.The foreign exchange interventions carried out by the NBG in 2025 look like this: January-February - No net purchases were made through Bmatch March - Net purchases through Bmatch 101.7 million USD April - Net purchases through Bmatch 266.4 million USD May - Net purchases through Bmatch 245.4 million USD The National Bank of Georgia will announce the June purchases at the end of July. Updated data will be published on July 25, 2025.

1750939384

As of May 2025, the number of transactions of residential flats in Batumi has increased by 8.9 % to 1,354 units. The market size has increased by 23.7% standing at USD 76 millions. Note: The methodology of price analysis has been updated for new projects, which has resulted in changes in 2022-2025 figures.In May 2025, the number of transactions of newly-built flats in Batumi has increased by 10.1% year over year, while a 3.7% YoY decrease rate has been observed in the case of old flats.

1750939217

As of May, 1.054 billion GEL remains on the current accounts of foreign companies (01.04.2025 -1.231 billion), and of this, only 69 million (65.5%) are denominated in GEL. The share of foreign currency has decreased annually. In the same period last year, dollarization exceeded 88%.In April, there was a decrease of 200 million GEL on the balances.In the reporting month, the equivalent of up to 2.4 billion GEL of foreign currency was withdrawn (or transferred) from foreign currency accounts. 726 million GEL from the salary.Withdrawal should not be understood in a negative context, the company used it for a specific purpose. Maybe it was transferred to a deposit.

1750939127