Tamaz Borashvili Confirmed as Head of State Security Service – Agency Sees Fourth Leader in Last Year and a Half

According to the news agency haqqin.az, this information is revealed in the case files of the U.S. District Court for the District of Columbia (*ENKA Renewables LLC v. Georgia*).The International Chamber of Commerce issued the arbitration award in December 2024. Interest on the amount accrues on a quarterly basis.The arbitration dispute began in October 2021, after then-Prime Minister Irakli Garibashvili announced that the Namakhvani HPP project would not proceed in its existing form.By that time, ENKA had invested approximately $100 million in preparatory work for the project. The total value of the project had been estimated at $800 million.

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“Maia Bitadze is distinguished by her integrity, which was the primary criterion on which she was asked to assume the post of Minister of Culture,” Georgia’s Prime Minister Irakli Kobakhidze stated during a press briefing at the Government Administration.According to Kobakhidze, Bitadze possesses exceptional, long-standing managerial experience.“I would like to inform you that Mrs Maia Bitadze was today appointed as Georgia’s Minister of Culture. She requires no special introduction to the public. I want to emphasise that Mrs Maia possesses exceptional, long-standing managerial experience. For many years, she has held various high-ranking positions. Among other roles, she served for years as Deputy Minister of Environmental Protection and Deputy Mayor of Tbilisi, during which time she also oversaw the culture portfolio. Since 2020, Mrs Maia Bitadze has been a Member of the Parliament of Georgia and Chair of the Parliamentary Committee on Environmental Protection and Natural Resources. She holds a Doctorate in Law and is an Associate Professor at Tbilisi State University. Her integrity is exemplary, and this served as the principal criterion for inviting Mrs Maia to take up the position of Minister of Culture of Georgia. I am confident that Mrs Maia will be a highly successful Minister of Culture. I wish her great success,” stated the Prime Minister.Bitadze previously served as the Chair of the Parliamentary Committee on Environmental Protection and Natural Resources. Between 2011 and 2020, she held key public offices, serving as Deputy Minister of Environmental Protection followed by a term as Deputy Tbilisi Mayor.For context, the post of Culture Minister became vacant on 28 July after Tinatin Rukhadze’s resignation.

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During the forum, the concept of the Georgian Financial Markets Development Program (GMAP) was presented to the public. The objective of GMAP is to expand access to risk management and hedging instruments across Georgian financial markets and foster a more liquid, internationally accessible securities market. Achieving this objective relies heavily among other initiatives on the implementation of modern treasury infrastructure, enabling local commercial banks to offer the market more accessible and diverse risk hedging instruments.A central focus of the event was the technological component of this market development initiative, carried out in collaboration with Nasdaq. Under the shared treasury management system implementation project, Bank of Georgia, TBC Bank, Liberty Bank, Terabank, and Basisbank will execute treasury operations using the Nasdaq Calypso platform, which covers the full end-to-end treasury lifecycle. This shared system serves as a practical tool enabling the Georgian banking sector to build the capabilities required to achieve the market development objectives set under GMAP.The forum was opened by Natia Turnava, Governor of the National Bank of Georgia, who highlighted that a modern, liquid, and internationally connected financial market is vital for the country's economic development."Our objective is to transform the foundations built to date for financial market development into tangible market activity introducing more hedging instruments, cultivating a more active and liquid market, and enabling local participants to forge closer ties with international investors and counterparties," noted Natia Turnava.According to Lasha Jugheli, Executive Secretary of the Georgian Financial Markets Treasuries Association, GFMTA's mission is to support initiatives that help Georgian financial markets become deeper and more dynamic, with the deployment of the shared Nasdaq Calypso treasury management system serving as a cornerstone technological pillar along this journey."In recent years, the steady growth of the Georgian banking sector has created the need for treasury infrastructure aligned with international standards. Implementing the Nasdaq Calypso platform will allow banks to manage treasury operations and core risks within a unified infrastructure aligned with international standards. The five participating banks represent a substantial share of the market; however, the project is designed for further expansion and the inclusion of additional participating banks in the future," stated Lasha Jugheli.Brad Wilmot, Senior Vice President at Nasdaq, stated that Nasdaq, as a technology partner, is proud to support this initiative by the National Bank of Georgia and GFMTA."The shared treasury management system provides all participating banks with access to the same institutional-grade technology and standards utilized by the world's leading markets. It is a great honor for Nasdaq to serve as the technology partner to the National Bank of Georgia and GFMTA on this important journey, and we look forward to continuing our collaboration," remarked Brad Wilmot.The international forum brought together local and international financial institutions and official representatives, including central banks, government agencies, commercial banks, market infrastructure providers, and market participants. Attendees reviewed the progress achieved under GMAP and discussed steps planned going forward. Discussions also covered international best practices in market development, the transformation of treasury operations at Georgian banks, legal frameworks and practical mechanisms for GEL-denominated derivatives, and issues related to enhancing bond market liquidity.The GMAP Forum is scheduled to take place annually. In addition, throughout the year, the National Bank of Georgia and GFMTA have planned a series of supplementary activities to support the program's strategic objectives.

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“At Nasdaq, we bring communities together. It is embedded in our company’s DNA and essence, given our history of managing financial markets. Here, Nasdaq’s financial technology is also providing the infrastructure to unite the Georgian financial sector to enhance its overall financial framework,” noted Vincent Lemaire.According to the National Bank of Georgia, organised by the NBG and the Georgian Financial Markets Treasuries Association (GFMTA) in partnership with Nasdaq, a two-day international event, the GMAP Market Development Forum 2026, was held in Tbilisi.At the forum, the Georgia Market Development Programme (GMAP) overarching concept was presented to the public.GMAP aims to expand access to risk management and hedging instruments in Georgian financial markets, fostering a more liquid and internationally accessible securities market. A central theme of the event focused on the technological component of the market development initiative, which is being executed in partnership with Nasdaq.

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On August 18, 2026, Stevens purchased 1,033 shares at an average price of £48.25 per share, for an aggregate value of £49,840.49. The transaction was executed on the London Stock Exchange.Stevens was appointed CFO of TBC Bank Group on July 13, 2026. He has nearly 30 years of experience in corporate finance within the financial services sector, having held senior positions at UBS Investment Bank, Deloitte Corporate Finance and Keefe, Bruyette & Woods.According to the group, Stevens has maintained a long-standing relationship with TBC Bank, including serving as a joint global coordinator for TBC Bank’s 2014 initial public offering (IPO).

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The Company hereby confirms that the National Bank of Georgia Georgian Lari/British Pounds Sterling average exchange rate for the period of 7 September to 11 September 2026 was 3.5348 and it shall be used to pay dividends to ordinary shareholders of the Company on 25 September 2026. Accordingly, the cash dividend payable will be approximately GBP 0.86284938 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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Lion Finance Group (BGEO LN) shares closed at GBP 136.70/share (+0.37% w/w and +8.23% m/m). More than 156k shares traded in the range of GBP 132.70 - 137.50/share. Average daily traded volume was 42k in the last 4 weeks. The volume of BGEO shares traded was at 0.36% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 51.85/share (+1.67% w/w and +6.95% m/m). More than 332k shares changed hands in the range of GBP 49.24 - 51.85/share. Average daily traded volume was 52k in the last 4 weeks. The volume of TBCG shares traded was at 0.60% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 45.15/share (+2.15% w/w and +2.38% m/m). More than 102k shares traded in the range of GBP 43.25 - 45.20/share. Average daily traded volume was 44k in the last 4 weeks. The volume of CGEO shares traded was at 0.30% of its capitalization.

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GeoStat reported that domestic exports rose to USD 5,422.6 million, marking a sharp 22.1% year-on-year expansion, while imports grew by 3.3% to USD 12,493.0 million.The negative trade balance for January–August 2026 stood at USD 7,070.5 million, accounting for 39.5% of total foreign trade turnover.

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