Finance

The pawnshop customer is the most humble

According to the statistics of the National Bank of Georgia, out of 52 applications of a dissatisfied customer of a pawnshop, the review of 51 was completed within the financial organization and the customer's claim was considered well-founded, although the problem expressed in the claim was not eliminated;Only 1 application was considered unfounded.The customer of a pawnshop is the most "responsible". It is easier for the lender to draw up its terms and interests. Accordingly, there are fewer complaints with the supervisor. Most pawnshops have a 1/2 monthly payment scheme - the client pays a percentage every 15 days. In the main case, the annual interest rate is 49%.A car pawnshop is available cheaper, at 40% per annum, and that too without proof of income, only in small volumes. A car pawnshop cannot accept more than 4,000 - 5,000 GEL.A car is pawned in a moving state. The borrower continues to use it within the country. He cannot cross the border and cannot sell the car until the loan is repaid.About 100 SGS are registered with the National Bank of Georgia.

1783507334

Banks are losing complaining clients

According to the National Bank of Georgia statistics, the regulator received 2,712 (05/2025 - 2,323) complaints from dissatisfied clients with banksThe largest number of customer applications, 1,740, comes from the account/debit card service. (05/2025 - 1,530)Number of complaints by services: 05/2026/Source: National Bank of Georgia (NBG)Of the 2.7 thousand complaints reviewed, 1,630 are unfounded. 435 are subject to study and response. 645 cases are under review.

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Lion's capitalization exceeds GBP 5 BLN

According to G&T, Lion Finance Group closed last week at £117.5. Securities were traded at £108.5-117.6.As of 06.07.2026, the group's capitalization is £5.038 billion (01.06.2026 - £4.76)Share trend by week and monthSource: Galt & Taggart (G&T)

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Georgian companies post solid results on London Stock Exchange

Lion Finance Group (BGEO LN) shares closed at GBP 117.50/share (+8.10% w/w and +9.92% m/m). More than 375k shares traded in the range of GBP 108.50 - 117.60/share. Average daily traded volume was 89k in the last 4 weeks. The volume of BGEO shares traded was at 0.87% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 46.08/share (+3.13% w/w and +5.69% m/m). More than 445k shares changed hands in the range of GBP 43.80 - 46.92/share. Average daily traded volume was 66k in the last 4 weeks. The volume of TBCG shares traded was at 0.80% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 45.10/share (+16.09% w/w and +12.33% m/m). More than 245k shares traded in the range of GBP 38.25 - 45.70/share. Average daily traded volume was 45k in the last 4 weeks. The volume of CGEO shares traded was at 0.71% of its capitalization.

1783336650

LFG will pay £0.8 per share

The Company hereby confirms that the National Bank of Georgia Georgian Lari/British Pounds Sterling average exchange rate for the period of 22 June to 26 June 2026 was 3.4967 and it shall be used to pay dividends to ordinary shareholders of the Company on 10 July 2026. Accordingly, the cash dividend payable will be approximately GBP 0.81505419 per ordinary share. Those shareholders who have not provided the appropriate bank account details to Computershare Investor Services PLC for payment of the dividend will be paid the dividend by cheque in British Pound Sterling.

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Georgia and Uzbekistan sign financial and customs cooperation accords

According to the Minister, the customs agreement paves the way for advanced information sharing, which will significantly bolster effective coordination between the customs authorities of both nations.“Furthermore, a crucial agreement was signed to foster closer cooperation in the financial sector. This will enable our countries to share institutional expertise in core areas such as budgetary planning and public financial management.Georgia holds a globally leading position in these disciplines. Our nation ranks number one in the world on the Open Budget Index for transparency and maintains a highly advanced standing regarding public financial management reforms. This agreement presents an excellent opportunity for our Uzbek colleagues to leverage the outcomes of our reforms as we work collaboratively on these initiatives,” the Minister of Finance, Lasha Khutsishvili, noted.

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Georgia Appointed Coordinator of the BSEC Working Group on Banking and...

The appointment strengthens Georgia's multilateral cooperation with the central banks and financial institutions of the Black Sea region while promoting the exchange of institutional expertise and best practices.The Working Group aims to promote close and mutually beneficial cooperation among BSEC Member States in the banking and financial sectors. Its priorities include strengthening dialogue on regulatory and supervisory issues, enhancing information exchange, initiating joint projects, and developing regional strategies."Coordinating the BSEC Working Group highlights Georgia's strategic role in the region and provides an important platform for strengthening professional ties across the banking and financial sector. This role further enhances our multilateral cooperation with central banks and financial institutions throughout the Black Sea region, fostering the exchange of expertise and best practices across a wide range of areas," said Natia Turnava, Governor of the National Bank of Georgia.The Organization of the Black Sea Economic Cooperation (BSEC) brings together 13 Member States, including Türkiye, Armenia, Azerbaijan, Bulgaria, Greece, Moldova, Romania, and Serbia.

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Consumer prices increased by 5.7%, how much will they increase in June...

Since 2018, the National Bank of Georgia's inflation target has been 3%.The NBG asks us1) By what percentage do you think the price of the products/services you sell will change in 1 year compared to today?By more than 8% or less than 6%?2) By what percentage do you think the consumer price level will change?5) By what percentage do you think the salaries of employees in your company will change over the next year?The questionnaire contains 5 questions, the answers to which will help the regulator to learn about the expectations of citizens.At the end of the questionnaire there is a recommendation field, which the citizen can fill in or not, as desired.

1782996085

EBRD To Fund ProCredit bank With 25 MLN EUAR

The proposed transaction will support competitiveness in Georgia by expanding PCBG's outreach to MSME clients and enhance access to local-currency financing for private sector. In addition, it will support the green economy, with 20% of all financed sub-loans expected to be compliant with the EBRD Green Economy Transition (GET) approach.ProCredit Bank Georgia ("PCBG", "the bank") is a member of the international ProCredit Group, a development-oriented banking group headquartered in Frankfurt am Main, Germany. The bank has been operating in the Georgian banking sector since 1999, largely catering financial needs of SME segment, serving approx. 4,100 business and 8,200 private clients through 6 branches, 5 service points with the self-service areas in 5 main cities of Georgia. As of end April 2026, the bank is ranked as 6th among the country's 19 banks and is holding up to 2.11% of sector assets and loans, and 2.15% of deposits.

1782995656

Current account deficit at historic low in 1Q26

Balance of goods remains the main driver of the current account balance. Relative to GDP, it improved by 3.4 percentage points compared to the first quarter of 2025. Trade in goods deficit decreased by 1.8 percent year-on-year, amounting to USD 1.7 billion (GEL 4.6 billion) in the first quarter of 2026. Export of goods increased by 23.8 percent and import by 11.4 percent.The current account balance is negatively affected by the trade in goods and primary income, while trade in services and current transfers contribute positively.In the first quarter of 2026 the services surplus rose by 9.8 percent, or USD 77.9 million, compared to the same period of the previous year, reaching USD 876.1 million. Total export of services increased by 7.2 percent year-on-year, reaching USD 1.8 billion (GEL 4.8 billion) in the first quarter of 2026. The travel services exports amounted to USD 829.8 million (GEL 2.2 billion) representing an annual increase of 0.5 percent. Particularly noteworthy was the growth in exports of computer and information services by 65.7 percent year-on-year to USD 441.3 million, equivalent to 4.8 percent of GDP. Transport services exports remained an important component of Georgia's services exports reaching USD 333.4 million, or 3.6 percent of GDP in the first quarter of 2026.Net income account totaled USD -423.2 million (GEL -1.1 billion) in the first quarter of 2026. Net compensation of employees, the positive component of income account increased by 45.8 percent year-on-year while net investment income - the negative component declined by 12.0 percent over the same period.The current transfers account remained in surplus in the first quarter of 2026. Credits of current transfers increased by 7.1 percent year-on-year, reaching USD 937.1 million (GEL 2.5 billion). Net transfers of the private sector also continued to grow, rising by 8.5 percent to USD 884.4 million (GEL 2.4 billion).The current account deficit is predominantly financed by foreign direct investment. Net foreign direct investment amounted to USD 160.9 million (GEL 434.2 million) in the reporting period, accounting for 1.8 percent of GDP.

1782909495

Gov't Plans to Build Four Regional Landfills Across Georgia by 2030

1783418409 • Economics

Popular

Tbilisi to host Uzbekistan-Georgia business forum on July 1

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EBRD To Fund ProCredit bank With 25 MLN EUAR

1782995656

Commercial Banks’ Net Profit Up By 20%

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NBG made record net foreign exchange purchases

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Banks increase deposits in dirhams

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Politics

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Drone threat declared in occupied Abkhazia

According to the so-called “administration” of the occupied region, the air defense forces and the armed forces’ duty units are fully controlling the airspace.In order to prevent possible accidents, the de facto ministry called on local citizens to observe maximum security measures.

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US Congressman Joe Wilson criticizes Kavelashvili’s planned visit to I...

In a post on X, the Republican lawmaker described Kavelashvili as the “fake president” of the Georgian Dream and claimed the visit would deepen what he called a “rabidly anti-American pact” between Iran and Georgia’s ruling party. Wilson also said Khamenei’s funeral was bringing together “the worst America haters from around the world.”The Georgian presidential administration has officially confirmed that Kavelashvili will attend the funeral ceremony in Iran.Wilson has been one of the most outspoken critics of the Georgian Dream government, frequently accusing it of pursuing anti-Western policies and undermining Georgia’s Euro-Atlantic aspirations.

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Mirziyoyev awarded the Order of the Golden Fleece

According to the Georgian Government Administration, the parties discussed key aspects of bilateral relations and noted that the Agreement on Strategic Partnership creates new opportunities for cooperation in the political, trade and economic, investment, scientific, technical, cultural, humanitarian and other fields.As the Prime Minister of Georgia noted, strengthening the partnership will further increase regional trade flows, reinforce transport corridors and promote broader economic integration.“Georgia highly values its partnership with Uzbekistan, which we regard not only as a reliable and important partner but also as a friend. Our bilateral relations have been developing steadily over the years. The Joint Declaration on Strategic Partnership will elevate our relations to a new level. I would like to thank you for your strong support for Georgia. The signing of the Strategic Partnership Agreement is the result of your personal support.The Joint Declaration is a testament to the friendship between our countries and provides a solid foundation for the sustainable development of bilateral relations and cooperation in the political, trade and economic, investment, scientific, technical, cultural, humanitarian and other fields.Strengthening our cooperation will further increase regional trade flows, reinforce transport corridors and promote broader economic integration.I sincerely thank you for your support for Georgia’s sovereignty and territorial integrity.The progress and achievements Uzbekistan has made under your leadership are truly impressive. You have built strong institutions, an effective system of governance and a clear vision for the country’s development.You are an exemplary leader, and we are confident that under your leadership, the bilateral cooperation and friendship between our countries will grow even stronger,” stated the Head of Government of Georgia.The President of Uzbekistan thanked the Prime Minister of Georgia and the Georgian side for the warm welcome, noting that Georgia’s impressive economic achievements make the country an important partner and a reliable pillar for Uzbekistan in the South Caucasus.According to Shavkat Mirziyoyev, despite the challenging global economic environment, achieving such results is the outcome of the government’s consistent and effective work.“I would like to thank our Georgian friends for the warm welcome. On behalf of the people of Uzbekistan and personally, I sincerely thank you for awarding me the country’s highest state honours, the Order of the Golden Fleece.Elevating Georgian-Uzbek relations to the level of a strategic partnership is a major achievement. Georgia’s impressive economic accomplishments deserve special recognition, and I sincerely congratulate you on these successes.Despite the current global economic situation, achieving such results is undoubtedly the outcome of the consistent and effective work of the Government and your entire team. Today, Georgia rightfully ranks among the world’s fastest-growing economies. Of course, behind this success stands the dedicated effort of visionary policymakers under your leadership.Georgia is an important partner and a reliable pillar for us in the South Caucasus. In recent years, cooperation between our two countries has been developing dynamically across all areas, and this is only the beginning,” stated the President of the Republic of Uzbekistan.

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Georgia Strongly Protests New So-Called Agreement Between Moscow and T...

The Georgian side stressed that such illegal actions are null and void, constitute a gross violation of international law, and undermine efforts to achieve constructive dialogue.During the talks, the Georgian delegation reiterated the need for the full implementation of the August 12, 2008 ceasefire agreement and the safe, dignified return of internally displaced persons (IDPs) and refugees to their homes. The delegation also raised concerns over the deteriorating humanitarian and human rights situation in the occupied regions and called for the unconditional restoration of the Incident Prevention and Response Mechanism (IPRM) in Gali.According to the Ministry, representatives of Russia and the occupation regimes once again left the negotiating table when the issue of the return of refugees and IDPs was raised, continuing what Tbilisi described as their longstanding destructive approach.The 68th round of the Geneva International Discussions is scheduled to take place on November 10–11, 2026.Russian President Vladimir Putin and the so-called South Ossetian leader Alan Gagloev signed the so-called agreement on deepening cooperation on May 9, 2026, and Russia’s State Duma ratified the document just four days later, on May 13.Georgian Foreign Minister Maka Bochorishvili condemned the move during the 135th Session of the Council of Europe Committee of Ministers on May 15, stating that the Kremlin was once again disregarding its international obligations and taking further steps toward the annexation of Georgia’s occupied regions.Shortly after the signing of the so-called agreement, it was announced on June 23 that Alan Gagloev had stepped down as the so-called president of the occupied Tskhinvali region and had been appointed an adviser to the Russian president. Earlier, the so-called prime minister had also been replaced by Marat Kambolov, a representative of Russia’s Republic of North Ossetia. According to some analysts, these appointments indicate Moscow’s efforts to tighten its direct control over the occupied region.

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Uniform textbooks and mandatory school uniforms made in China to be in...

According to the Minister, completely new textbooks will be published in humanitarian and STEM subjects at all levels by September 15, 2028. According to the Ministry's decision, one and the same textbook will be used in the same level and subject, both in public and private schools. As a result of the ongoing work, first-graders, 7th and 10th graders will already have new books by the start of the new academic year.According to the new concept, visuals carrying national values will be placed on the covers of textbooks. In particular, the cover of the chemistry textbook will depict the traditional winemaking process, and its chemical description on the back cover. The physics textbook will include Elguja Medzmariashvili's invention - the launch of the first Georgian satellite into space. In addition, the books include more than 500 new illustrations that concern Georgian architectural monuments.In addition, the Ministry is starting to introduce the culture of wearing uniforms in schools, which will be extended to grades one through six this year, and then one grade will be added each year. The provision of uniforms will be carried out in three stages: on September 15, all first-graders will come to school in new uniforms decorated with the state emblem, and during the first semester, all students from grades one through six will be provided with uniforms.As a result of market research and a tender, an agreement was signed with the number one manufacturer of school uniforms in China after the first identified company failed to submit complete documentation. According to the Minister, the price of uniforms will be several times cheaper than uniforms of private schools, and all families that are rated by the Ministry of Health with 65,000 or less rating points and have a primary school student will receive uniforms completely free of charge.The first samples presented by the company have passed international quality testing and will also be tested in Georgia. According to the Minister, the polyester in the fabric is mixed with natural materials, which increases durability, and all jackets, trousers and skirts have anti-allergic lining. The models fully comply with international standards, and sales points will be opened in regions and cities in advance.