According to the Ministry of Finance, as part of the “Small Talk” symposium organised by Bank of America (BofA), the minister presented an overview of Georgia’s macroeconomic and fiscal indicators as well as medium-term plans to interested investment banks and asset managers.“Discussions focused on Georgia’s current macroeconomic and fiscal metrics, medium-term forecasts, conditions across international and emerging financial markets, and the domestic investment climate.Bilateral meetings were also held with senior executives from ICBC and Nomura, focusing on opportunities to place Georgian securities across international capital markets, including the Asian market.The inclusion of lari-denominated Georgian government bonds in J.P. Morgan’s new GBI-EM Edge index in September this year will further boost investor interest.The discussions also touched on Georgia’s initiatives across domestic and international capital markets to diversify funding sources and expand its investor base.Deputy Minister of Finance Ekaterine Guntsadze also attended the meetings on behalf of the Ministry,” the ministry stated.

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The discussion takes place as part of the IMF–World Bank Annual Meetings and provides a platform for sharing successful economic policy experiences. Each year, selected representatives from five regions of the world take part in the initiative, with sessions moderated by the directors of the IMF’s regional departments. This year, in addition to Georgia, Governor Talks sessions were held with the governors of the central banks of four other countries: France, South Korea, Venezuela, and Rwanda.The session featuring the NBG Governor, titled “Governor Talks: Central Banking in a Changing World: Perspectives from the National Bank of Georgia,” was moderated by Jihad Azour, Director of the IMF’s Middle East and Central Asia Department.One of the key topics discussed was how central banks manage monetary policy and keep inflation expectations anchored amid successive, persistent shocks that have had a significant inflationary impact on most countries.According to Natia Turnava, maintaining credibility is the main challenge in such circumstances. Anchoring inflation expectations in such an uncertain environment therefore requires highly credible and clear policy actions.“In this regard, Georgia has indeed achieved quite positive results. We have managed to keep inflation expectations anchored throughout this period, despite all external challenges, and have strengthened our resilience. Over the past three to four years, we have kept inflation below the target in 2023-2025, average headline inflation stood at 2.5%, below our target of 3%. Even now, as we face the impact of an external energy shock, the conflict in the Middle East, and the associated rise in fuel prices which is transmitted immediately to our economy because Georgia is an energy-importing country-headline inflation has exceeded the target, reaching 5.6%. However, key informative indicators, such as core inflation and services inflation, remain close to the target, at 3.5% and 3.7%, respectively, indicating that inflation expectations remain firmly anchored,” Natia Turnava noted.The NBG Governor also highlighted that Georgia has maintained strong economic growth alongside low inflation, describing this as a particularly favorable and distinctive combination.According to Natia Turnava, economic growth has been driven primarily by highly productive industries that do not generate inflationary pressures through domestic demand.“This allows us to take a more proactive approach. That is why we have adopted a pre-emptive, cautious, and vigilant stance. This was also the case during the COVID-19 pandemic, when the National Bank of Georgia was among the first to respond swiftly by tightening monetary policy. Later, we were again among the first to begin easing policy as the shocks started to subside. Even during a period of low inflation, we chose to maintain the policy rate above its neutral level because of the escalation of new geopolitical conflicts in our region. When the conflict in the Middle East began, we were well prepared, but we once again took a pre-emptive approach. In May 2026, we raised the policy rate by 0.25 percentage points, sending a strong signal to financial markets,” Natia Turnava added.As she further explained, the aim of these decisions was to keep inflation expectations stable and prevent second-round effects to the greatest extent possible.“The effectiveness of this approach is confirmed by indicators of sticky-price inflation, which remain close to the target,” the NBG Governor stated.During the session, Natia Turnava also highlighted the importance of central bank independence and a robust governance framework. In her assessment, institutional independence is not limited to legislative guarantees; above all, it means making timely and credible decisions within the central bank’s mandate and ensuring that its primary objectives are achieved.The NBG Governor also emphasized the importance of cooperation with the International Monetary Fund. She noted that this cooperation had helped identify opportunities to further strengthen the governance framework and had led to significant steps toward institutional development.De-dollarization was another key topic of the discussion. According to Natia Turnava, maintaining macroeconomic stability and strengthening confidence in the national currency are crucial to achieving sustainable progress in de-dollarization. As a result of the NBG’s consistent policies and the accompanying macroeconomic stability, the dollarization of deposits and loans has declined by approximately 25–30 percentage points over the past ten years.At the conclusion of the session, Jihad Azour, Director of the IMF’s Middle East and Central Asia Department, congratulated the NBG Governor and her team on the results achieved in recent years.“I would like to congratulate you and your team on maintaining macroeconomic stability while navigating one of the most challenging environments of the past few years,” Jihad Azour noted.He emphasized that the NBG’s efforts to build up economic buffers were an important prerequisite for resilience to external shocks. He also highlighted Georgia’s progress in modernizing its financial sector, developing financial technologies, and introducing financial innovations.Jihad Azour spoke positively about the performance of the Georgian economy, noting that its results had exceeded all projections. He also praised the NBG’s capacity to manage various shocks and commended the decisions taken in the area of monetary policy.

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The largest share, $63.4 million, came from the USA (down from $64.1 million last month).Among EU countries, Italy leads, with $54 million received from there (compared to $55.2 million in August 2026).74.5% of total remittances from abroad to Georgia originated from the six largest source countries—each accounting for more than $11 million in September. Russia is no longer among these, with $7.86 million received from there during the reporting month.

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According to Telasi, this growth is attributed to increased economic activity in the country and a rise in the number of new subscribers.As of September 2026, the number of Telasi subscribers had grown by 4.2% (33,700 subscribers) compared to the same period in 2025, reaching a total of 838,100 subscribers. Of these, 750,800 are individual (residential) customers, while 87,300 are legal entities (commercial/institutional customers).Based on data for the nine-month period, the total length of the company’s power transmission lines reached 7,867 km - an increase of 5.6% (414 km) over the figure recorded for the first nine months of 2025 (7,453 km). The total length of the company’s power transmission lines has increased as a result of network development, reconstruction, and modernization projects, the company states.Telasi has published its operational indicators for the first nine months of 2026:

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Mammadov has been a member of the bank’s Supervisory Board since 2018. Parvin Ahadzadeh, who possesses over 20 years of experience in the banking and financial sector, has also joined the Board.Earlier, in August, changes were made to the Management Board. Punhan Narimanov assumed the position of Chairman of the Management Board and CEO of PASHA Bank.The bank, which operates with Azerbaijani capital, has been on the market for 13 years. For the past three years, it has focused on the corporate segment. It holds a 'B/B' rating with a stable outlook.

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GeoStat reported that as of the end of 2025, enterprises engaged in financial services held GEL 3.1 billion in cash in hand. Meanwhile, the residual (carrying) value of fixed and non-produced assets stood at GEL 2.9 billion. In 2025, the average annual number of employees in financial service enterprises was 42,700, of whom 65.6 per cent were women.Furthermore, according to the agency’s report, premiums earned by insurance companies in 2025 totalled GEL 1.3 billion, of which 42.0% was generated by medical (health) insurance, 11.3% by property insurance, 9.6% by life insurance, 6.4% by third-party motor liability insurance, 1.4% by accident insurance, and the remaining 29.3% across other insurance lines.In 2025, insurance claims paid by insurance companies totalled GEL 763.9 million. Medical (health) insurance accounted for the largest share at 56.6%, followed by property insurance at 6.3%, life insurance at 5.4%, and third-party motor liability insurance at 5.0%, with the remaining 26.7% distributed across other categories.

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"We are delighted to receive this recognition from Global Finance, and particularly proud to be named the World's Best AI Bank. AI has become central to the experience we deliver to our customers every day. When 99% of unsecured loans are approved and disbursed in under 15 seconds, and our AI assistant independently resolves over 80% of customer queries at a 91% satisfaction score, the impact is tangible and measurable. But beyond the numbers, what this recognition reflects is a culture - one where our teams have embraced AI across their daily work, and where we hold ourselves to the principle that speed and trust must go hand in hand”, - Archil Gachechiladze , CEO of Bank of Georgia, commented.Gachechiladze thanks the entire team at the Bank of Georgia for their efforts in achieving this goal, and Global Finance for this international recognition.“Digital banking has become one of the most important areas of focus for the financial industry, as banks expand their use of AI, automation and advanced data analytics. Rising expectations for speed, personalization and seamless digital experiences are pushing banks to innovate, while strengthening security, resilience and regulatory compliance”, - Joseph Giarraputo, Global Finance’s founder and editorial director said.

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Lion Finance Group (BGEO LN) shares closed at GBP 123.80/share (-6.64% w/w and -7.96% m/m). More than 271k shares traded in the range of GBP 123.00 - 135.60/share. Average daily traded volume was 58k in the last 4 weeks. The volume of BGEO shares traded was at 0.63% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 48.46/share (- 4.51% w/w and -4.13% m/m). More than 320k shares changed hands in the range of GBP 47.96 - 52.25/share. Average daily traded volume was 72k in the last 4 weeks. The volume of TBCG shares traded was at 0.57% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 43.60/share (-1.36% w/w and -1.69% m/m). More than 185k shares traded in the range of GBP 42.50 - 45.00/share. Average daily traded volume was 80k in the last 4 weeks. The volume of CGEO shares traded was at 0.54% of its capitalization.

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According to the Ministry of Finance, the two officials reviewed the long-standing partnership between Georgia and the World Bank, along with current projects financed by the institution.Discussions focused on ongoing initiatives and future joint priorities in energy, road and rail infrastructure, and human capital development, as well as upcoming cooperation on the Anaklia Deep Sea Port, its supporting infrastructure, and the water sector.During the meeting, Khutsishvili briefed the World Bank Executive Director on Georgia’s key macroeconomic indicators and medium-term economic forecasts.The Ministry noted that the parties underscored Georgia’s recent economic progress, driven by strong growth and stable fiscal and monetary policies despite challenging regional conditions.Deputy Minister of Finance Ekaterine Guntsadze also attended the meeting.The 2026 Annual Meetings of the International Monetary Fund and the World Bank Group are taking place in Bangkok from 12 to 18 October.

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According to the NBG, the Georgian delegation includes Finance Minister Lasha Khutsishvili, Deputy Minister of Finance Ekaterine Guntsadze, and NBG Vice-Governors Ekaterine Mikabadze, Ekaterine Galdava, and Nino Jeladze.During the visit, Turnava is scheduled to hold high-level talks with Bo Li, IMF Deputy Managing Director, Jihad Azour, Director of the IMF’s Middle East and Central Asia Department, and Executive Directors Jeroen Clicq and Marnix van Rij, who represent the Netherlands, Belgium, and Luxembourg constituency. She will also meet with the governors of the central banks of China and the United Arab Emirates.Additionally, the NBG Governor and the Minister of Finance will meet with major American investment institutions, including J.P. Morgan and Bank of America, to highlight Georgia’s investment opportunities and economic outlook.As part of the official schedule, Turnava will speak at an IMF Governor Talk session at the invitation of Jihad Azour. The panel will address monetary policy implementation, inflation management, and de-dollarisation strategies amidst global economic uncertainty.In bilateral engagements, the NBG leadership and the Minister of Finance will hold talks with the Governor of the People’s Bank of China. Ms Turnava will also hold bilateral discussions with the Governor of the Central Bank of the UAE, where the signing of a Memorandum of Understanding between the two monetary authorities is anticipated.The NBG Vice-Governors are also scheduled to conduct a series of high-level meetings across the week.The IMF-World Bank Annual Meetings convene central bank governors, finance ministers, private sector executives, and financial leaders from worldwide to deliberate on critical issues impacting the global economy, including economic development, poverty alleviation, financial stability, fintech, and cybersecurity.

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