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National Bank Forecasts Inflation in Georgia to Stabilize in 2027

According to the explanation of the First Vice-President of the National Bank of Georgia, Ekaterine Mikabadze, the sharp increase in energy resources, especially oil prices, in the global market led to an increase in fuel prices in Georgia. This factor was reflected in the inflation rate as a result of direct and indirect effects, due to which the price increase in April reached 5.9%."Inflation decreased in May and the annual rate decreased to 5.7%, which is fully consistent with the central scenario and expectations of the National Bank of Georgia," said Ekaterine Mikabadze.According to the First Vice President of SEB, the National Bank has moderately tightened monetary policy in order to maintain inflation expectations at a stable level. According to her, the future dynamics of inflation significantly depends on the duration and severity of the Middle East conflict.According to the current central scenario of the National Bank, in the event of a gradual settlement of the conflict, inflation will gradually decrease and stabilize around the target rate (3%) in 2027.

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EBRD Raises Georgia’s Economic Growth Forecast for 2026 to 6%

As of the report, the average economic growth rate in the Bank’s regions of operation will slow from 3.4% in 2025 to 3.1% in 2026, and recover to 3.6% in 2027.Against this background, Georgia maintains a high growth momentum. The EBRD notes that in 2025, real GDP in the country grew by 7.5%, mainly driven by the services sector and tourism. Private consumption was supported by solid real wage growth and an expansion in credit activity, while capital investment contracted for the first time since 2021. The bank estimates that economic growth has accelerated further, reaching an annualized rate of 9.1% in the first quarter of 2026.EBRD analysts indicate that the implementation of large investment projects in the real estate, transport and renewable energy sectors could further accelerate economic growth. However, external risks are also emerging, in particular, the ongoing conflict in the Middle East could weaken economic activity as it leads to a decrease in tourism revenues and an increase in the cost of imported energy resources.The report also focuses on other macroeconomic parameters. Price increases have exceeded the National Bank’s 3.0% target since March 2025, and annual inflation was 5.9% in April 2026. The fiscal deficit narrowed from 2.3% of GDP in 2024 to 1.4% in 2025, supported by rising budget revenues, while the external debt-to-GDP ratio declined to 34.4% amid a stable exchange rate and nominal growth. In addition, the current account deficit narrowed to a historic low of 2.6% in 2025, while gross international reserves increased to $6.5 billion in April 2026, covering about 4 months of imports.In addition to the EBRD, other agencies have also upgraded their economic growth expectations for Georgia. In early May, the National Bank of Georgia increased its forecast from 5% to 6.5%, and yesterday it became known that the Georgian government raised its growth expectations for the current year to 6.3%. According to preliminary estimates by Geostat, GDP grew by 6.2% in April 2026, while the average figure for the first four months was 8.3%.

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Lion Finance's capitalization approaches 5 billion

According to G&T, Lion Finance Group's securities were traded at £107.7-112.9 last week.As of 01.06.2026, the group's capitalization is £4.76 billion.Stock trend by week and month

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Tbilisi Financial Summit to be held in Autumn

The Tbilisi Financial Summit is jointly organized by the National Bank of Georgia, the Ministry of Economy and Sustainable Development, and the Singapore-based Global Finance and Technology Network (GFTN). The summit will bring together central bank governors from around the world, as well as representatives of the fintech industry, financial sector, international companies and innovative technologies.The two-day summit will feature thematic sessions, panel discussions, workshops and professional meetings, where participants will discuss trends in the development of modern financial technologies and opportunities for regional cooperation. The summit participants will discuss such topics as the development of economic and financial corridors between countries, as well as financial technologies, open banking and artificial intelligence, Georgia as a regional platform for financial innovations, and others.A hackathon is planned to be held at the Tbilisi Financial Summit, which will help identify and implement new ideas and opportunities.“An international event of such a scale creates an opportunity for Georgia to more actively engage in global financial and innovation processes, attract international investments, strengthen partnerships with leading companies in the world, and promote the country’s economic development,” noted Natia Turnava, President of the National Bank of Georgia.GFTN (Global Finance & Technology Network) is an international platform based in Singapore that brings together representatives of the public and private sectors involved in the development of financial technologies, innovations, digital transformation, and modern financial ecosystems. This network includes the world's leading financial centers, such as Singapore, Japan, Switzerland, etc. Since 2025, Georgia has also become part of this network.

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NBG and Pave Bank Georgia Sign Memorandum of Understanding

The agreement is based on the main principles of the National Bank’s National Strategy for Financial Education and provides the implementation of financial education projects and activities.“Improving financial education is one of the important priorities of the National Bank of Georgia. Cooperation with the private sector allows us to bring financial education programs to a wider audience and contribute to strengthening the culture of responsible financial behavior in society,” said Ekaterine Mikabadze, First Vice President of the National Bank of Georgia.“With the rapid development of digital finance, the importance of financial education for future generations is growing. We are proud to partner with the National Bank of Georgia. With joint efforts, we can prepare young people to make informed financial decisions. Pave Bank will continue to actively support financial education in Georgia,” said Salim Dhanani, CEO and co-founder of Pave Bank.

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TBC Capital Director links the issuance of new types of treasury secur...

According to him, the placement of treasury securities in the amount of 400 million GEL, carried out through the syndication method, aroused great interest among investors.TBC Capital, as a leading investment bank, was involved in this transaction as placement agents and indeed saw quite a lot of interest, especially from international players. It was important that 65% of the buyers were foreign players, most of whom are very well-known international asset managers. It seems that these companies and funds are actively looking at Georgia and are buying not only Eurobonds, but also Georgian securities. This means that the Georgian capital market is developing and offering more and more interesting products to such investors, which is very important," said Otar Sharikadze, Director of TBC Capital.He congratulated the Ministry of Finance team on the second transaction carried out this year after the Eurobonds and noted that the results of the transaction once again confirm the high interest of international investors in the Georgian securities market.

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Georgian companies' shares return to the green zone on the LSE

Lion Finance Group (BGEO LN) shares closed at GBP 111.10/share (+4.42% w/w and +1.18% m/m). More than 247k shares traded in the range of GBP 107.70 - 112.90/share. Average daily traded volume was 68k in the last 4 weeks. The volume of BGEO shares traded was at 0.57% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 45.02/share (+2.69% w/w and -5.82% m/m). More than 265k shares changed hands in the range of GBP 44.00 - 46.02/share. Average daily traded volume was 71k in the last 4 weeks. The volume of TBCG shares traded was at 0.48% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 42.05/share (+6.46% w/w and +7.96% m/m). More than 304k shares traded in the range of GBP 39.70 - 42.25/share. Average daily traded volume was 72k in the last 4 weeks. The volume of CGEO shares traded was at 0.89% of its capitalization. 

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PMCG: The number of persons receiving a monthly salary in Georgia has...

According to the report, the number of people receiving wages increased to 1,012,141 in April. According to the PMCG Research Center, this number is slightly up by 0.6% compared to March 2026, and by 2.1% compared to April 2025.In April 2026, the number of persons receiving a monthly salary stood at 1,012,141, representing a slight 0.6% increase compared with March 2026, and a 2.1% increase compared with April 2025.In April 2026, the share of persons receiving a monthly salary of up to 600 GEL amounted to 11.1%, which was 0.2 percentage points lower than in March 2026, and 1.5 percentage points lower than in April 2025.In April 2026, the share of persons receiving a monthly salary of 2,400 GEL or more amounted to 36.7%, which was 1.0 percentage points higher than in March 2026, and 3.7 percentage points higher than in April 2025.In April 2026, the share of persons receiving a monthly salary of 9,600 GEL or more amounted to 3.4%, which was 0.1 percentage points higher than in March 2026, and 0.3 percentage points higher than in April 2025.In April 2026, the total number of vacancies published on jobs.ge amounted to 6,234, which was 8.1% lower compared with March 2026, and 5.2% lower compared with April 2025.The biggest month-over-month decrease was observed in logistics, transport and distribution category (-12.1%), while the smallest decrease among main categories was observed in IT and programming category (-6.4%).The largest year-over-year decrease was observed in IT and programming (-17.0%), while the sales and procurement was the only main category to increase (+5.7%).From February 2026 to April 2026, the total number of vacancies published on jobs.ge amounted to 19,403, which was 5.8% higher compared to the same period of 2025. The category that contributed the most to the increase during this period was sales and procurement.From February 2026 to April 2026, a total of 5,017 vacancies were published in the field of sales and procurement, which was 12.8% higher compared to the corresponding period of 2025. From February 2026 to April 2026, a total of 4,194 vacancies were published in the field of finance and statistics, which was 11.7% higher compared to the corresponding period of 2025. From February 2026 to April 2026, a total of 4,443 vacancies were published in the field of administration and management, which was 5.6% higher compared to the corresponding period of 2025.The labor market efficiency decreased in Q1 2026: According to the seasonally adjusted Beveridge Curve, the efficiency of the labor market weakened in Q1 2026 compared to Q4 2025, as the job openings rate remained broadly unchanged, while the unemployment rate increased. There is a clear outward movement of the Beveridge Curve, indicating weaker matching between job seekers and vacancies.The post-pandemic period had generally been characterized by improving matching dynamics in the labor market. However, several temporary deteriorations were also observed. Similar to Q1 2026, the weakening in Q1 2023 was driven by increasing unemployment despite relatively stable vacancy rates. By contrast, the deterioration observed in Q2 2024 reflected a sharp increase in job openings while unemployment remained broadly unchanged.

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TBC Concept Gallery presents a solo exhibition by Natela Grigalashvili...

The title of this exhibition was born from a chance, yet deeply symbolic conversation. While traveling in Fereydani, one of the local residents shared their mother’s words with Natela Grigalashvili. It turns out that the woman would often look up at the clouds in the sky and ask whether they were flying toward her remote homeland. She had never seen Georgia herself, but she carried it in her heart her entire life.This kind of sadness and melancholy haunts the entire history of the Fereydani Georgians. Their story began in the early 17th century with their forced deportation by Shah Abbas. Since then, for four centuries in the heart of Iran, in the Isfahan province, they managed to preserve the most important thing- their identity and their ancient Georgian speech, which acts as a kind of living linguistic museum.The subject of Fereydani Georgians has been an important creative interest for Natela Grigalashvili for years. However, the project took its final shape when she discovered a book published a century ago. The conceptual framework of the exhibition was defined by the 1894 records of Lado Aghniashvili. He was the first Georgian who traveled to Iran more than a century ago in his attempt to find the ‘lost’ Georgians. Natela Grigalashvili’s journey turned out to be a walk following Aghniashvili’s footsteps- not by a direct physical route, but through the search for the emotional and cultural memory that the researcher once described.The series presented in this exhibition is an attempt to observe an isolated cultural island, where daily life is deeply intertwined with a constant longing for the homeland. This intertwining of past and present ultimately becomes a dialogue across time and space- between the Fereydani described by Lado Aghniashvili a century ago, and the Fereydani seen today through the eyes of Natela Grigalashvili.Natela Grigalashvili has dedicated more than thirty years to documentary photography. Her work mainly centers on the everyday life of regional Georgia, the socio-cultural identity of isolated communities, collective memory, and the impact of the modern world on these spaces. Creating mostly long-term projects, she spends months and even years living in the environments she captures. This direct and continuous connection with the local people allows her to gain their trust, giving her images a deeply personal and an intimate feel.Curated by Myriam GrigalashviliExhibition Opening: June 6, 5:00 PMAddress: TBC Concept Gallery Multifunctional Space, Marjanishvili St. 7(R)

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NBG Recognized as the Best Central Bank Supporting Innovation at Inter...

The awards, presented at the regional forums “SPRING” and “PLUS-Forum Digital Uzbekistan,” highlight international recognition of the NBG’s initiatives aimed at fostering financial innovation and strengthening Georgia’s role as not only a logistical hub within the Middle Corridor, but also as a regional financial and technology hub.Both events are regarded among the most significant regional platforms, bringing together representatives of central banks, financial institutions, fintech companies, technology businesses, and international organizations. The forums focused on key topics including financial technologies, digital transformation, open banking, digital payments, cybersecurity, central bank digital currencies (CBDC), artificial intelligence, and regional cooperation.PLUS-Forum Digital Uzbekistan is considered one of the largest fintech and digital economy events in Central Asia. The forum convenes representatives from both the public and private sectors, banks, international payment systems, and technology companies, with a particular focus on promoting international cooperation and supporting innovative projects across the region.SPRING has also established itself as one of the leading innovation and technology platforms in the South Caucasus, focusing on financial technologies, startup ecosystem development, and regional connectivity.Within the framework of both forums, the Head of the Financial and Supervisory Technologies Development Department of the National Bank of Georgia, Varlam Ebanoidze, participated in panel discussions and working sessions addressing regional financial integration, open banking, digital payments, and innovation development.“For several years, the National Bank of Georgia has been actively promoting the development of open banking and open finance, the introduction of innovative financial services, the strengthening of the fintech ecosystem, and the digital transformation process. These awards underscore the NBG’s efforts in supporting innovation, developing modern financial infrastructure, and strengthening the country’s regional positioning. This recognition further confirms Georgia’s growing role in shaping a regional financial and technological hub. As an important part of the Middle Corridor, Georgia is increasingly positioning itself as a country that enhances financial, trade, and digital connectivity between Europe and Asia,” stated Varlam Ebanoidze.

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