The largest volume of problem loans is in HoReCa sector

In addition, in 2024, a total of $40.7 million worth of second-hand clothes was imported into Georgia.TOP-3 countries by importing second-hand clothing in 2024: Turkey - $17.1 million USA - $4.6 million United Arab Emirates - $3.37 million According to Geostat, in the first quarter of 2025, Georgia exported second-hand clothes worth $103.19 thousand, which was almost double the figure for the same period last year ($23.19 thousand) and has increased by $80 thousand (+344.9%).According to Geostat, in 2024, a total of $282.81 thousand worth of second-hand clothing was exported from Georgia.TOP-3 countries by exporting second-hand clothing in 2024: Armenia - $123.83 thousand Azerbaijan - $47.22 thousand Chile - $37.7 thousand

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All four of them cashed out a total of 183,457 shares, although up to 22% of this was used for taxes.In particular, 35,821 ordinary shares were withheld to meet tax liabilities, resulting in BOGG CEO  Archil Gachechiladze receiving 130,016 ordinary shares.Deputy CEO, CFO Sulkhan Gvalia exercised of 7,510 nil-cost options over ordinary shares, of which he received 5,887 shares; Deputy Director for Retail and Micro Business 1,095 ordinary shares were withheld to meet tax liabilities, resulting in Nutsa Gogilashvili receiving 3,971 ordinary shares, and Deputy General Director for Corporate Banking Zura Kokosadze exercised of 5,044 nil-cost options over ordinary shares.As a reminder, according to the latest data from Pillar 3's annual report, at the beginning of 2024, Gachechiladze owned 718,208 shares, of which 318,702 were deferred; Gvalia -290,304/137,409; Kokosadze - 100,265/72,059; Gogilashvili - 34,202/26,359.

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According to Geostat, in 2024, Georgia imported a total of $87.67 million worth of sugar.The TOP 3 sugar importing countries in 2024: Brazil - $27.1 million France - $17.2 million Netherlands - $11 million As for sugar exports, in 2024, a total of $35.29 thousand worth of sugar left Georgia, almost entirely absorbed by the Azerbaijani market.

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The volume of the interbank money market increased by 3.1 billion GEL to 18.7 billion, which is due to the increase in foreign currency resources.According to the NBG's monthly review, the monetary base decreased by 112 million GEL (- 1.5% m.m).The National Bank did not trade on BMatch in February either. No foreign exchange auction was held. The regulator limited itself to internal government conversions.The NBG's net foreign exchange sales in February amounted to 148 million USD.Accordingly, these transactions reduced the country's net foreign assets by the aforementioned amount.There was a decrease of up to $170 million in January, also due to government conversions. The regulator did not participate in interbank foreign exchange trading in February. The total turnover of GEL/USD amounted to 88 million USD (01/2025 – $ 86 million).The volume of the interbank money market increased by 3.1 billion GEL, to 18.7 billion, which is due to the increase in foreign exchange resources.

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The volume of foreign exchange reserves fell below $4 billion in March of last year. In October, it fell below the $3 billion.In November, the National Bank of Georgia announced the replenishment of reserves. After the autumn spending, Natia Turnava reported to the legislature on the purchase of $124 million.As of 01.04.2025, the country's total reserve assets amounted to $4.310 billion. Including $714 million worth of gold (01.03.2024 - $650.46 million).

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Are you ready to ZEG again? We're delighted to announce that the ZEG Storytelling Festival, with the support of TBC Concept, is returning for its 5th edition, bigger and bolder, this summer. We continue to bring Georgia closer to Europe and the wider world by uniting global visionaries and storytellers from across disciplines for transformative conversations that challenge assumptions, reshape perspectives, forge meaningful connections, and inspire action – all against the enchanting backdrop of ancient Tbilisi.Curated by award-winning journalists and designed for those passionate about shaping our collective future, ZEG Storytelling Festival embraces complex subjects while creating space for inspiring moments: unexpected insights, perspective shifts, and connections that last a lifetime.The fifth edition of the ZEG Festival will take place on June 13-15. The festival will feature intimate conversations, thought-provoking panels, film screenings, captivating performances, transformative connections, hands-on workshops, walking tours, and more.Among more than 100 speakers are Joseph Stiglitz, Nobel Memorial prize winning economist; legendary British photographer Platon; The New Yorker staff writer Ed Caesar; pediatrician Dr. Seema Jilani, who has worked with communities from Afghanistan to Gaza; Adam Faze, the 27-year-old writer, producer and director behind works like How Moving and River Fork; the renowned Chilean architect Alejandro Aravena, known for his innovative and sustainable urban design.We're also delighted to welcome back satirist Armando Iannucci, creator of award-winning Veep and The Death of Stalin, and Ukrainian philosopher Volodymyr Yermolenko - with many more speakers to be announced.ZEG Storytelling Festival is the first international storytelling event of its kind in the Caucasus. The festival brings together leading professionals and thinkers from almost every industry to figure out how we can craft narratives for the future.In Georgian, "zeg" means "the day after tomorrow", perfectly embodying our mission: discovering and sharing stories that matter beyond today. At ZEG, we believe transformative storytelling requires breaking down barriers between disciplines. That's why we bring together renowned writers, thinkers, filmmakers, journalists, entrepreneurs, and artists in one extraordinary gathering.Tickets: http://tkt.ge/ZEGFestivalAs part of the presale offer, new TBC Concept cardholders have a limited-time opportunity to purchase tickets with a 25% discount, available only from April 7th to April 8th. From April 10th, a 15% discount will be applied to all TBC Concept Card holders.Organizers: Impact Hub Tbilisi & Coda StoryPartners: TBC Concept, UN Women, European Cultural Foundation, Coca-Cola, BMW, Culture of Solidarity Fund, Swiss Agency for Development and Cooperation, Windsor’s, Reckless, AI Accountability Network - Pulitzer Center, Adjara Group, Honore.

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Executive management has been granted zero-value options on common shares under the discretionary deferred shares for the 2024 financial year, in accordance with the Executive Capital Compensation Plan.In particular, Group CEO Archil Gachechiladze has been granted 41,816 zero-value options on common shares under the discretionary deferred shares for the 2024 financial year, in accordance with the Executive Capital Compensation Plan.40% of the granted shares are immediately vested, while the remaining 60% will be deferred, which Gachechiladze will be able to cash in in stages. Namely, 15%-15% on the third, fourth, fifth and sixth anniversaries from the start of the working year. The shares cashed in at each stage are subject to an additional two-year mandatory holding period, in accordance with the terms of the recipient's service agreement.On the same principle, 18,775 stock options were granted to Group CFO Sulkhan Gvalia, 12,609 to BOGG's Deputy General Director for Corporate Banking, Zurab Kokosadze and 12,665 to another deputy, Head of Retail and Micro Business, Nutsa Gogilashvili.

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Specifically, Zurab Kokosadze, the Deputy CEO of BOGG, responsible for corporate banking, sold 10,000 ordinary shares at £56.00376 each, generating a total income of £560,037.Meanwhile, Nutsa Gogilashvili, Head of Retail and Micro Business, sold 4,000 ordinary shares at £55.9438025 each, generating a total income of £223,775.Both transactions took place on the London Stock Exchange on March 28.

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