18 Years Since the August 2008 War – Finland and Latvia Reaffirm Support for Georgia’s Sovereignty and Territorial Integrity

MFO Central has violated the reporting rules: in 1 case, it submitted documentation to the supervisor late. In 2 cases, it submitted information to the NBG incorrectly.Accordingly, it was fined with GEL 2,000 three times and has to pay a total of GEL 6,000.Some of MFO's Pakistani owners also have Georgian citizenship.MFO Central is represented in the microfinance market with up to 6 million GEL capital, 14.2 million GEL assets, including a loan portfolio of GEL 6.8 million. Interest income (2,237,830 GEL) is mainly from the pawnshop (1,365,790 GEL).

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The dividend will be paid in pounds sterling to holders of ordinary shares of TBC PLC of record on the shareholders’ register at the close of business on 23 October 2026.The ex-dividend date is 22 October, the record date is 23 October, the currency conversion date is 6 November and the payment date is 20 November.The GEL/GBP exchange rate to be used for the payment of the 2026 Q2 dividend in GBP will be determined by the 5-day average of the official exchange rate published by the NBG, covering the period from November 2 to November 6, 2026.

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As stated in the joint declaration, the Foreign Ministries reaffirm their full support for Georgia’s sovereignty and territorial integrity within its internationally recognised borders.“August 7th is a date when we remember the grave consequences of Russian imperialism. On this day in 2008, the Russian Federation took military action against Georgia, further damaging Georgia’s territorial integrity by occupying the Georgian regions of Abkhazia and South Ossetia.18 years after the Russian aggression, we reaffirm our full support for the sovereignty and territorial integrity of Georgia within its internationally recognised borders. We welcome the Republic of Naoero’s decision to withdraw its recognition of the so-called independence of Abkhazia and South Ossetia. We urge states that have established diplomatic relations with these entities to follow this example.We reiterate our condemnation of Russia’s ongoing military presence in the occupied breakaway regions of Abkhazia and South Ossetia in violation of international law as well as Russia’s obligations under the six-point agreement of 12 August 2008. Russia’s ongoing militarisation of Georgia’s occupied territories poses a serious threat to the security of Georgia and to regional and European stability.In October 2025, the European Court of Human Rights found the Russian Federation guilty of many violations committed in the occupied breakaway regions, including excessive use of force, ill-treatment, unlawful detention and unlawful restrictions on day-to-day movement across the administrative boundary line between Georgian-controlled territory and Russian-occupied territory. We urge Russia to implement the rulings of the European Court of Human Rights relating to this situation and to fully fulfil the commitments it made on August 12 and September 8, 2008,” the statement reads.Furthermore, the Foreign Ministries of France, Germany, Italy, and the United Kingdom expressed grave concern over the recent agreement signed between Moscow and the de facto authorities of South Ossetia, describing it as a clear violation of international law.“We are concerned about the latest developments in South Ossetia. The “Agreement on Deepening Alliance and Cooperation” signed on May 9, 2026, between Moscow and the de facto authorities of South Ossetia further violates Georgia’s sovereignty and territorial integrity, in clear breach of international law. This document, as well as the appointment of a Russian citizen to head the region, raises concerns about a possible full-fledged annexation of the region, which would not go unanswered.We reaffirm our support for the “Geneva International Discussions” (GID) platform, co-chaired by the European Union, the OSCE, and the United Nations. This is the only framework that will enable the parties to work towards conflict resolution. We commend the work of the European Union Monitoring Mission in Georgia (EUMM), and we will continue to support the role of the mission,” the joint statement concludes.

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International reserves are a crucial guarantor of the country's macroeconomic stability. Consequently, the long-term policy of the National Bank of Georgia (NBG) remains focused on reserve accumulation and the efficient management of reserve assets. The NBG replenishes foreign exchange reserves when FX market conditions and the macroeconomic environment allow. Throughout 2026, driven by favorable FX market conditions, the NBG has been actively accumulating reserves, with total net purchases during January-June amounting to USD 2,078.4 million. The net purchase statistics for July 2026 will be published on August 25.Notably, in 2024, the NBG diversified its reserves by making its first-ever investments in gold, a strategic decision by the central bank. Since then, the price of gold assets has risen significantly, further boosting gross international reserves. In June 2026, the NBG purchased an additional USD 100 million worth of monetary gold for its gross international reserves. As a result, as of July 2026, the share of gold in total international reserves stands at 13.5 percent (USD 1,014.1 million).The National Bank of Georgia will publish the updated data on gross international reserves on September 7, 2026.

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According to the NBG's monthly review, in June the interest rate on foreign currency loans to legal entities decreased by 0.1 percentage points, to 9.6%.The interest rate on a legal entity loan in the national currency is 12.6%, mortgages - from 11.5%.The review also notes the acceleration of foreign currency lending, the pace increased by 0.4 percentage points, to 14.2%, and by 0.2 percentage points in the national currency.

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According to him, until now, travel on the mentioned route took 5 hours and 30 minutes, and the reduction in time was made possible by capital works carried out on the track and infrastructure.“This is a rather significant improvement. Recently, we have carried out significant capital works on the track and infrastructure, which allowed us to increase speeds on certain sections, remove restrictions and travel safely from Tbilisi to Batumi in 4 hours,” Lasha Abashidze noted.According to the head of Georgian Railways, the infrastructure of the stations is also being actively renovated. The company's goal is to fully renovate both main and suburban stations."In fact, the rehabilitation of 5-7 stations is already underway, this year we plan to add 5 more stations, and next year we should fully complete the rehabilitation process of the stations," Abashidze said.

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In detail:• The residential segment index increased by 2.6 percent compared to the previous month and by 3.5 percent compared to the same month of the previous year; • The non-residential segment index increased by 0.6 percent compared to the previous month and decreased by 0.1 percent compared to the same month of the previous year; • The civil segment index decreased by 0.5 percent compared to the previous month and increased by 5.8 percent compared to the same month of the previous year.In June 2026 the Construction Cost Index (CCI) increased by 0.9 percent compared to the previous month. The change was mainly due to a 5.4 percent increase in average monthly nominal wages of employees in the construction sector, which contributed 1.01 percentage points to the total index change. Compared to June 2025 the CCI increased by 3.9 percent.The latter was largely caused by the 16.6 percent increase in the cost category of transportation, fuel and electricity and by the 1.8 percent increase in average monthly nominal wages of employees in the construction sector, which contributed 1.9 and 1.01 percentage points to the total index change, respectively. Along with this, the Construction Cost Index posted a 29.3 percent increase compared to February 2022.

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According to the report, by the end of 2Q26, TBC Uzbekistan’s total loan portfolio reached $879 million, while the number of monthly active users (MAU) in the ecosystem increased to 5.8 million.In addition, the company’s payment transaction volume increased by 45% year-on-year in 2Q26 and exceeded $3.25 billion, which accounts for more than 20% of the total payment market in Uzbekistan.In 2Q26, TBC Uzbekistan’s net commission income amounted to $15 million, which is a 5% increase compared to the same period last year and a 15% increase compared to the previous quarter. During the same period, TBC Bank’s deposit portfolio exceeded $545 million.After the reporting period, on July 24, TBC Group completed the acquisition of a controlling stake in OLX Uzbekistan, which is a strategic step in expanding the ecosystem beyond financial services.In 2Q26, the company also expanded its product line: it launched secured loans and a payroll project for small and medium-sized businesses, and a digital auto lending product for individuals.“TBC Uzbekistan had a successful quarter: we continued to demonstrate sustainable growth across the ecosystem and launched new products, and immediately after the end of the reporting period, we closed several deals to acquire significant new assets.Our payment solutions showed significant growth: the total market share exceeded 20%, while our flagship debit product TBC Salom more than doubled and remains a key point of entry for customers in our ecosystem. At the same time, we continued to diversify our credit portfolio.Development in the SME segment will gain momentum as we scale up TBC Biznes and expand our presence in the secured lending segment. At the same time, we are developing the TBC Osmon credit card segment, which is increasingly taking a prominent place in the portfolio. I would like to separately mention OLX UZ Integration into the structure of TBC Uzbekistan. We are pleased to work together and continue to improve services for both individuals and businesses in Uzbekistan,” said Nika Kurdiani, CEO of TBC Uzbekistan.TBC Bank Group shares are traded on the London Stock Exchange (LSE).In July 2026, TBC Uzbekistan became the winner of four nominations at the Euromoney Awards for Excellence, including being named “Best Digital Bank in Central Asia.

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