Georgian Pension Fund Reports 14% Growth for Dynamic Portfolio

According to Rico founder Lasha Nikolaishvili, the Ministry of Finance’s Investigation Service was immediately notified of the suspicious transaction. He also noted that the banknotes were highly professional forged, and their detection requires high-tech equipment, which is equipped in all branches of the microfinance organization.According to him, attempts to overheat counterfeit banknotes are not uncommon. There are 10-15 cases per month, although in small volumes and often the consumer does not even know that the banknote is counterfeit.

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The first premium class business card in the region, which offers business customers exclusive opportunities. Among them are financial privileges: a multi-currency account and a high withdrawal limit.Travel privileges: USD 50,000 travel insurance with special conditions; access to more than 1,200 VIP lounges at international airports; priority boarding at more than 70 airports (6 times free); discounts and cashback at hotels; access to the Crisis24 Horizon platform.10% discount on Hertz Plus car rentals; Hertz Gold Plus Reward status for free; priority access to entertainment events on the Priceless Cities platform.The card is free for 1 year.“The Bank of Georgia is constantly working to offer business customers products that will simplify their operational activities.The Mastercard Corporate Card, along with financial flexibility, implies comfort and exclusive privileges,” said Zurab Kokosadze, Deputy Director General of the Bank of Georgia.

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Based on the first paragraph of Article 24 of the Law of Georgia “On the Structure, Powers and Rules of Activity of the Government of Georgia”, Giorgi Sakhokia is hereby appointed as Deputy Minister of Internal Affairs of Georgia”, the order reads.Biography of Giorgi Sakhokia:2001-2007 – Lawyer at Land Software Design LLC, rank of Police Lieutenant;2007-2012 – Various managerial positions at Silkneti JSC;2013-2014 – Head of the Internal Audit Service of the LEPL Service Development Agency of the Ministry of Justice;2014-2015 – Deputy Head of the Administration (Department) of the Ministry of Internal Affairs of Georgia;2015 – Deputy Head of the Public Information Division of the Administration (Department) of the Ministry of Internal Affairs of Georgia;2015-2018 – Head of the Public Information Division of the Administration (Department) of the Ministry of Internal Affairs of Georgia;2018-2019 – Head of the Administration (Department) of the Ministry of Internal Affairs of Georgia;2019-2020 – Head of the Office of the Prime Minister of Georgia;2020-2021 – Deputy Head of the Administration of the Government of Georgia;2021 – State Representative in Lanchkhuti, Ozurgeti and Chokhatauri Municipalities;2021-2025 – LEPL State Care and Assistance Agency for Victims and Sufferers of Trafficking, Advisor to the Director;2025 – Director of LEPL “Defense Volunteer” of the Ministry of Defense of Georgia;2025 – Rector of the LEPL Academy of the Ministry of Internal Affairs of Georgia;From November 10, 2025 – Deputy Minister of Internal Affairs of Georgia.

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The ministry reports that during the introductory meeting, the parties reviewed the ongoing projects financed by the EIB.“The Minister of Finance briefed the guest on the current macroeconomic situation in the country, as well as medium-term forecasts and existing and upcoming investment projects”, - the Ministry of Finance stated.

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“The works I am showing here at TBC Concept Gallery were painted in Berlin this past year. They are based on drawings, memories and accidents” - Tony Just.“A seeker is someone who is searching and looking. This exhibition provided a context for me to reexamine how I make images. I came to this work seeking change. I was not after a single image but a selection of pictures from several bodies of works which create an atmosphere of uncertainty.  Athletes removed from the mat. Stripped of their original meaning and environment. These images are manipulated physically and digitally. It feels as though I’m moving through shadows towards something which is not yet fully seen. Where both presence and absence can co-exist” - David Meshki.Tony Just is a visual artist, born in the US. For the past 17 years he has lived and worked in Berlin, Germany. His work has been shown internationally. In the fall of 2021 and spring of 2022, he participated in the residency sponsored by Propaganda here in Tbilisi and also taught at VA(A)DS at Free University of Tbilisi. While here in Tbilisi he had a show of his books and a wall mural at Kona Books which was curated by Nina Akhvlediani. His work was included in the group show entitled Sanctuary last year at LC Queisser.Born in 1979 in Tbilisi (Georgia), David Meskhi grew up in a sporting environment: his father was a coach for the national gymnastics team of the former Soviet Union. He studied a joint honors degree in photography and cinema at Shota Rustaveli Theatre and Film University in Tbilisi. In 2015, he co-directed an award-winning documentary «When the Earth Seems to Be Light», a portrait of disenchanted Georgian youth.In 2024, the Musée d'art Moderne et Contemporain de Saint-Étienne Métropole (MAMC+) organized his first solo museum exhibition in France.Address: Marjanishvili 7, TBC Concept FlagshipOpening hours: Monday – Saturday, 10:00 – 20:00

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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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