Strasbourg Court Begins Substantive Review of Case on Seizure of Bank Accounts of Five Georgian Organizations

According to the document, Lion Finance Group (BGEO LN) shares closed at GBP 108.70/share (-4.98% w/w and -0.18% m/m). More than 217k shares traded in the range of GBP 106.50 - 116.20/share. Average daily traded volume was 83k in the last 4 weeks. The volume of BGEO shares traded was at 0.50% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 44.68/share (- 1.37% w/w and +0.18% m/m). More than 239k shares changed hands in the range of GBP 43.90 - 46.22/share. Average daily traded volume was 63k in the last 4 weeks. The volume of TBCG shares traded was at 0.43% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 38.85/share (-6.83% w/w and -3.48% m/m). More than 179k shares traded in the range of GBP 37.65 - 42.35/share. Average daily traded volume was 42k in the last 4 weeks. The volume of CGEO shares traded was at 0.52% of its capitalization. 

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An analysis of the figures for other countries shows that the main wine exporting countries of the European Union faced higher tariff rates, which was due to various additional tariffs imposed on them throughout 2025.In particular, the effective tariff on wines imported from France was 7.4%, Italy - 8.8%, Spain - 9.3%, and Germany - 9.3%. The highest effective tariff rates were recorded for Slovenia (10%), Austria (9.5%) and Portugal (9.4%).As noted in the report, tariffs for EU member states changed gradually throughout the year. Until April 4, they were taxed at the standard most-favoured-nation (MFN) rate, which was approximately 6.3 cents per liter. From April 5 to August 7, a 10% IEEPA base was added to the tariff, and from August 8, the restrictions were further tightened, and the rate amounted to MFN plus 15%.As for Georgia’s immediate neighbors and other countries in the region, the effective tariff on Armenian wine imports was 6.7%, while Moldova enjoyed a significantly lower rate of 3.7%.Mexico (0.0%) and Canada (0.3%) enjoyed the most favorable tariff conditions in the tariff ranking, which is the result of existing trade agreements between them and the United States. In contrast, products imported from New Zealand were taxed at 9.4%, while Australia and Chile had similar rates of 5.5%.

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The analytical director of the Banking Association is pleasantly surprised by the April statistics, the share of deposits in dirhams has increased by 1.7 times. During a visit to Business Insider, David Rusia noted that the increase in investments in the currency of the United Arab Emirates is positive in itself, as it indicates the mood of investors, they considered that investing in Georgia is possible.According to the statistics of the National Bank of Georgia, 77% of the category that considered this are resident legal entities. In the deposits of 114.5 million dirhams, the share of individuals is insignificant.David Rusia also noted the portfolio structure, traditionally up to 40% is in US dollars and 10% in Euros. At the same time, confidence in the lari is still high, and high growth in deposits in the local currency is maintained.According to the NBG's interactive statistics, excluding government deposits (GEL 5.463 billion), the larization coefficient is 45.6%.

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The share of 2 systemic banks is more than 86%. The Bank of Georgia's income from various services provided to clients/in relation to the credit portfolio is 0.7%. TBC's income from commissions/on loans is 0.4%.The coefficient of the No. 3 systemic bank, Liberty, is up to 0.3%. However, with net commission income of >19 million, Credo is in the TOP-3, with a credit portfolio of 3.36 billion GEL (coefficient 0.7%).

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As of December 31, 2025, 2.87 million people (72.8% of the total population) were connected to the water supply system, which is 2.9% more than the similar figure of the previous year (2.79 million people).In 2025, the number of people connected to the sewage system amounted to 2.06 million (52.3% of the total population), which is 3% higher than the previous year's figure (2 million).In 2025, the number of people connected to wastewater treatment plants amounted to 1.64 million (41.6% of the total population), which is 3.1% higher than the previous year's figure (1.59 million).

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The IMF highlights that stronger reserve positions have improved perceptions of macroeconomic resilience, reducing sovereign risk and supporting lower financing costs. The report also links reserve accumulation to structural benefits, including reduced private-sector dollarization and improved capacity for foreign exchange interventions aimed at smoothing excessive volatility in shallow FX markets.Beyond current adequacy levels, the IMF estimates that Georgia’s optimal reserve range could be higher—around 145–150% of the IMF’s ARA metric-given country-specific vulnerabilities. It argues that additional reserves act as a form of self-insurance, offering broader benefits than traditional benchmarks capture, particularly in emerging markets exposed to capital flow volatility and external shocks.The Fund also notes that continued opportunistic accumulation remains appropriate under current conditions of elevated global uncertainty. It considers the NBG’s price-based FX intervention framework broadly consistent with reserve-building objectives, allowing flexibility in exchange rate adjustment while gradually strengthening buffers through continued net purchases, which reached $632.9 million in May alone.

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The percentage distribution of the number of deaths by the main classes of causes of death differs for different age groups.Among the deaths of children under 5 years of age, disorders that arose in the perinatal period dominate.Injuries, poisonings, and various consequences of external causes predominate among people aged 5-39, as the probability of accidents is relatively high for this age group, while among the causes of death among the population aged 40 and older, diseases of the circulatory system and tumors will dominate in 2025.

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According to the NBG, the Governor served as a speaker during a panel discussion at the forum. The session addressed key trends concerning stablecoins, programmable banking, digital assets, and the broader digital transformation of the financial sector.Natia Turnava presented participants with an overview of the reforms implemented by the National Bank of Georgia to foster an innovative financial ecosystem. She discussed the licensing regime for digital banks, the regulatory framework for Virtual Asset Service Providers (VASPs), and the new model for stablecoin regulation, noting that it represents the first framework of its kind in the region.“Over recent years, the NBG has created a supportive environment for the development of innovative financial services. We have introduced new licensing regimes and established regulatory frameworks designed to foster innovation. As a result, three digital banks are now operating in Georgia. We have also developed a regulatory framework for Virtual Asset Service Providers (VASPs), which has led to the registration of 40 new companies in the country, including leading international firms. Most recently, we introduced a new regulatory model for stablecoins, which is the first of its kind in the region in terms of substance and is aligned with the best international practices,” stated the NBG Governor.She also emphasised that, alongside fostering innovation, the NBG places paramount importance on solidifying trust in the national currency and the overall financial system.“As a central bank, we see our role as both a facilitator of financial innovation and a guardian of monetary trust. Our objective is to establish a regulatory framework that ensures the safe development of innovative products and services, while at the same time preserving confidence in the national currency and the financial system,” remarked Natia Turnava.The Point Zero Forum is an international platform uniting representatives from central banks, regulatory bodies, international organisations, and the private sector. The forum facilitates the exchange of expertise regarding financial sector development, digital transformation, and innovation, while addressing contemporary industry challenges.

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