TBC Concept hosts the exhibition by David Meskhi and Tony Just

Of this number, visits abroad by Georgian resident visitors amounted to 599.7 thousand, which is 0.6% less than in the same period of 2024.412.6 thousand tourist-type visits were made abroad by Georgian resident visitors, which is 2.6% more than in the same period of the previous year.The majority of visits (45.9%) were made by Georgian resident visitors aged 31-50, and the number of visits made by women accounted for 47.6% of the total number of visits.In the third quarter of 2025, the largest share of visits (36.1%) was made to visit friends/relatives.According to Geostat, the majority of visits were made to Turkey and the Russian Federation, with 213.6 thousand and 113.7 thousand visits, respectively.The average number of nights spent during visits in the third quarter of 2025 was 7.90, which is 0.5% more than the figure recorded in the third quarter of 2024 (7.86 nights). 97.8% of visits were repeat visits.Expenditures incurred during visits in the third quarter of 2025 amounted to ₾699.9 million, which is 3.6% more than in the same period of the previous year. The average cost per visit increased by 4.1% compared to the third quarter of 2024 and amounted to 1,167.2 GEL.

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Of the total volume, 470 million liters (51%) were regular gasoline, 425 million liters (46%) were premium, and 23 million liters (2%) were super grade fuel. The report notes a gradual decline in the share of regular fuel, largely offset by the growing demand for premium gasoline as the car fleet becomes newer and more modern.TBC Capital’s research indicates that the average import price of gasoline in 2024 fluctuated between USD 0.60 and USD 0.65 per liter. In the first nine months of 2025, the average import price continued to decline, driven by falling global oil prices and Georgia’s access to cheaper fuel sources.Meanwhile, diesel imports also recorded steady growth following a period of stabilization. Diesel imports rose by 8.8% in 2023 and 9.4% in 2024, totaling 770 million liters.According to the report, diesel fuel is primarily used in construction and agricultural machinery, trucks, and distribution vehicles, and the increase in imports reflects heightened economic activity in these sectors.The average import price of diesel in 2024 was USD 0.63 per liter, marking a continued decline from the 2022 peak caused by surging crude oil prices during the Russia–Ukraine war and temporary disruptions in Azerbaijani diesel supplies.Diversified Import MarketsGeorgia’s access to sea routes ensures a diversified fuel import base, allowing flexibility in switching suppliers. The majority of petroleum products are imported from Bulgaria, Russia, and Romania, which together accounted for 82% of Georgia’s total fuel imports in 2024.However, Russia’s share in Georgia’s fuel imports declined significantly in 2024 following its temporary export ban, compared to the levels seen in 2022–2023. In the case of diesel, Russia still held a 74% share of Georgia’s imports last year, although current export restrictions could alter this balance in the future.Fuel Prices and Market TrendsFuel prices in Georgia closely mirror global oil market trends. During the COVID-19 pandemic, prices dropped sharply due to lower demand, but surged again following Russia’s invasion of Ukraine in early 2022.From 2019 to 2021, gasoline and diesel prices moved largely in parallel; however, this pattern changed in 2022, with prices — particularly for diesel — remaining elevated since the post-war peak.

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Lion Finance Group (BGEO LN) shares closed at GBP 75.85/share (-5.25% w/w and -1.62% m/m). More than 184k shares traded in the range of GBP 75.30 - 80.45/share. Average daily traded volume was 48k in the last 4 weeks. The volume of BGEO shares traded was at 0.41% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 38.30/share (-12.06% w/w and -14.22% m/m). More than 819k shares changed hands in the range of GBP 37.50 - 44.50/share. Average daily traded volume was 105k in the last 4 weeks. The volume of TBCG shares traded was at 1.46% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 25.05/share (-3.28% w/w and +6.14% m/m). More than 163k shares traded in the range of GBP 24.80 - 26.20/share. Average daily traded volume was 39k in the last 4 weeks. The volume of CGEO shares traded was at 0.41% of its capitalization.

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As of the statistics of the National Bank of Georgia, 5.7 billion GEL of this amount is government deposits. The dollarization of total deposits - ₾ 59.9 billion (excluding government deposits) is 54%.According to the monthly review of the National Bank of Georgia, the dollarization of deposits of legal entities has increased by 0.8 percentage points to 40.8%.In the 25.157 billion GEL portfolio, the equivalent of 10.6 billion GEL is in foreign currency. The balance on banks' foreign currency current accounts is up to 8 billion GEL. Of which, the equivalent of 5.6 billion GEL is on the accounts of companies and the equivalent of 2.3 billion GEL is the balance on the accounts of individuals.

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“The National Bank of Georgia remains committed to replenishing reserves. It is noteworthy that, thanks to favourable market conditions, the NBG continues to bolster its reserves.In March, USD 101.7 million was added; in April, USD 266.4 million; in May, USD 245.4 million; in June, USD 266.0 million; in July, USD 416.9 million; in August, USD 199.6 million; and in September, USD 100.0 million. In total, net purchases from January to September 2025 amounted to USD 1,596.0 million. Data on net purchases for October will be published on November 25.Foreign exchange reserves are a crucial safeguard for macroeconomic stability. The NBG’s long-term strategy has consistently focused on accumulating FX reserves and effectively managing reserve assets. The achievement reflected in the October figures underscores this commitment.As of October 2025, gold accounts for 16.4% of the total international currency reserves, valued at USD 920.6 million. Due to fluctuations in gold prices, the value of monetary gold increased by USD 420.6 million since acquisition, highlighting the validity of the National Bank’s reserve diversification strategy,” the bank states.According to the NBG, updated data on official foreign exchange reserves will be published on December 5, 2025.

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The 3Q 2025 Dividend will be payable in Pounds Sterling to ordinary shareholders of TBC PLC on the register of members at the close of business on the record date of 9 January 2026, pursuant to the following timetable: Ex-Dividend Date: 8 January 2026 Record Date: 9 January 2026 Currency Conversion Date: 16 January 2026 Payment Date: 10 February 2026 The Georgian Lari to Pound Sterling exchange rate that will apply to the 3Q 2025 quarterly dividend payments on the conversion date of 16 January 2026 will be the average exchange rate of the National Bank of Georgia for the period of 12 January 2026 to and including of 16 January 2026 (5 days average).

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Bochorishvili claimed that Ukraine displayed a “negative attitude” toward Georgia’s candidate status and cited Ukrainian opposition between 2022 and 2023 campaigns as evidence that Ukraine allegedly hindered Georgia’s European integration.In response, Ukrainian Foreign Minister Andrii Sibiga rejected these claims, stating that the obstacles to Georgia’s EU accession are entirely the responsibility of Tbilisi. He emphasized Ukraine’s continued support for Georgia’s European aspirations, writing, “All the reasons for the bad results of Georgia’s accession to the EU lie in Tbilisi, not in Kiev.”Sibiga added that Ukraine wishes only for Georgia to achieve its European goals, stressing that Georgia is aligned with Europe rather than the “Russian world,” directly countering Bochorishvili’s allegations.

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His comments come in response to a statement from the Alliance of Liberals and Democrats for Europe (ALDE), which warns that Georgia is edging closer to full autocracy under the rule of the Georgian Dream.“Even by Georgian Dream standards, the regime’s new politically motivated charges against opposition leaders are appalling. This sick behaviour mirrors the tactics of their patrons in Moscow and Beijing. The anti-American Georgian Dream regime is betraying its people in favour of Moscow, Tehran & Beijing,” Rep Joe Wilson wrote. Even by Georgian Dream standards, the regime’s new politically motivated charges against opposition leaders are appalling. This sick behavior mirrors the tactics of their patrons in Moscow and Beijing. The anti-American Georgian Dream regime is betraying its people in favor of… https://t.co/yAMmjMoP8p — Joe Wilson (@RepJoeWilson) November 6, 2025 For context, criminal proceedings have been initiated against Mikheil Saakashvili, Giorgi Vashadze, Nika Gvaramia, Nikanor Melia, Zurab Japaridze, Elene Khoshtaria, Mamuka Khazaradze, and Badri Japaridze.

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