The project will enhance the country’s electricity grid’s ability to integrate a higher level of renewable energy by adding a 200MW/200MWh Battery Energy Storage System (BESS) to its transmission network at the Ksani Substation near Tbilisi. The facility will improve energy security, reduce Georgia’s reliance on grid stability support from neighboring countries, and pave the way for greater private sector participation.“ADB has been a long-standing partner in supporting Georgia’s efforts to strengthen its energy sector,” said ADB Country Director for Georgia Lesley Bearman Lahm. “This new project marks another significant step toward enhancing the country’s energy independence. With abundant clean energy potential and ambitious development goals, Georgia is well positioned to unlock greater economic benefits from its renewable resources.”Increasing electricity consumption, changing precipitation patterns, and water availability pose substantial risks to hydroelectric power, which the Georgian energy sector heavily relies on. Advanced technologies like BESS and green hydrogen are critical to addressing climate change risks and providing sustainable energy to the population.ADB also approved a grant-based Technical Assistance (TA) of $400,000 to support Georgia’s efforts toward development of green hydrogen. The TA will assist the government in identifying the hydrogen potential and necessary requirements for encouraging private sector participation. “We see strong potential for developing green hydrogen in Georgia,” said ADB Principal Energy Specialist Adnan Tareen. “Surplus energy generated during peak seasons can be converted to green hydrogen and traded on EU energy markets, strengthening Georgia’s energy system and creating new economic opportunities.”The project will introduce improvements in the legal and regulatory framework necessary for the inclusion of storage technologies like BESS and green hydrogen into the network. This will facilitate private sector investments in renewable energy penetration and the development of larger BESS facilities and green hydrogen.The project supports the Georgian government’s goals of reforming the energy sector, emerging as a regional platform for trading clean energy, and improving the efficiency of the transmission network, as reflected in ADB’s Country Partnership Strategy for Georgia, 2024-2028.The Ministry of Economy and Sustainable Development will oversee the project execution and implementation of policy reforms envisaged under the project, while the Georgian State Electrosystem will act as the Implementing Agency.

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According to the NBG press office, the discussion focused on long-term collaboration and the EBRD’s role in the growth of Georgia’s financial industry.“Natia Turnava highlighted the assistance provided by the EBRD in the development of financial and capital markets and noted that the National Bank appreciates and welcomes EBRD initiatives aimed at supporting the country’s central bank,” reads the statement.

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The Georgian Dream parliament supported the bill in its third reading on Tuesday.According to the explanatory note, increasing the maximum total amount of microcredit to be issued by microfinance organizations from GEL 100,000 to GEL 200,000 will help them retain their clients.However, it is also noted that in parallel with the increase in the limit, “the impact of the risk of large loans on the microfinance organization should be taken into account and the increased risk should be limited by the amount of capital. Limiting this risk will help microfinance organizations with small capital not take on more risk than they can afford,” the explanatory note states.In order to prevent these risks, the National Bank of Georgia (NBG) will develop a regulatory framework and define additional requirements in the form of credit ratios.In particular, the NBG must determine the limit of the ratio of the total amount of loans issued to one borrower or a group of interconnected borrowers to the regulatory capital of a microfinance organization that exceeds 100,000 GEL, as well as the limit of the ratio of the total amount of all loans issued by a microfinance organization to the regulatory capital of a microfinance organization that exceeds 100,000 GEL.The law will enter into force on the 30th day after its publication - to give the National Bank time to prepare additional requirements.At the moment, 31 MFOs operate in the Georgian financial market.It should be noted that the Ministry of Economy has long recommended the NBG to increase the limit.

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Information on remittances has been added to the Credit Information Bureau database from 01.03.2023. Registration is carried out at the request of the beneficiary and 95% of remittance recipients choose to cooperate with Creditinfo.In total, the number of unique individuals is up to 300,000.According to the National Bank of Georgia, the expansion of the database serves to increase access to loans for recipients of remittances.The NBG made changes to the regulation in the fall of 2022 (effective from 03/2023) and the beneficiary, bank, MFO, Loan issuing entityor PSP customer, if he wishes, will provide information to the bureau. Payment service providers (PSP) have joined Creditinfo since March 2024.

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As of the document, 96.2% of the total money transfers from abroad came from 25 largest partner countries, with the volume of transfers from these countries each exceeding 1 million USD in March 2025. In March 2024 the share of these 25 countries constituted 96.5% of the total volume of money transfers.In March 2025, 32.1 million USD (or 89.2 million GEL) was transferred from Georgia, which is 8.5% more as compared to 29.6 million USD in March 2024.

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Only 50 complaints have been filed against 31 MFOs at the Central Bank. 40 out of 50 complaints are about pawn loans. MFOs clients have no complaints about other loan products.In terms of service, customers mainly complain about the attitude of the administration. They are also dissatisfied with the penalties and commission fees imposed for overdue payments.According to the statistics of the National Bank of Georgia for the last reporting month (February), the lender reviewed 12 complaints and considered them unfounded. The review of 23 complaints has not yet been completed.Number of complaints by services: /02/2025/

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TBCxWIC - Cybersecurity & SOC Fundamentals — the project aimed to create new opportunities for women who want to develop their careers in the field of cybersecurity.15 participants, together with leading experts in the field, received both theoretical knowledge and practical experience.TBCxWIC Advanced CyberSecurity — an intensive program was developed for information security specialists within the framework of the project. The project was successfully completed by 24 participants.To raise awareness of digital security and strengthen the technological ecosystem."The programs provide us with the opportunity to develop education and skills in cybersecurity” — Tata Anjaparidze, head of TBC IT Academy said.In collaboration with TBCxWIC, an internship program has also been launched, within the framework of which some of the graduates have already started internships at TBC and other financial institutions.

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Lion Finance Group (BGEO LN) shares closed at GBP 51.85/share (+6.78% w/w and +0.10% m/m). More than 368k shares traded in the range of GBP 44.68 - 54.05/share. Average daily traded volume was 55k in the last 4 weeks. The volume of BGEO shares traded was at 0.83% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 40.80/share (+10.87% w/w and -0.37% m/m). More than 786k shares changed hands in the range of GBP 33.10 - 41.55/share. Average daily traded volume was 164k in the last 4 weeks. The volume of TBCG shares traded was at 1.40% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 13.12/share (-3.95% w/w and -8.76% m/m). More than 492k shares traded in the range of GBP 12.04 - 13.82/share. Average daily traded volume was 77k in the last 4 weeks. The volume of CGEO shares traded was at 1.24% of its capitalization.

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As of April 1, they have 22,449 active borrowers. This is an increase of more than 3,000 since August (01.08.2024 - 19,700).According to updated information from CreditInfo, in March of the current year, 570 customers saw their credit rating deteriorate. They recorded overdue payments of more than 1 month for the first time.As of 01.04.2024, the leasing portfolio has increased to 605 million GEL (01.08.2024 - 524 million).The leasing market is represented by up to 20 companies. However, several companies dominate, including mainly bank subsidiaries: TBC Leasing, BB Leasing, Tera Leasing, Crystal, Alliance Group, Tegeta Leasing.Transfers are added to the database as you know. Loans should be accessible to people who earn their income through transfers. 

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10,000 units of debt securities with a nominal value of $1,000 will be placed in April, at 7.75--8.25% (indicative rate). G&T is the placement, calculation and payment agent.The issuance is authorized by the decisions of the Supervisory Board meeting and Partners' Meeting , held on January 29, 2025.

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