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Fitch Revises Basisbank's and Liberty's Outlook to 'Positive'

According to Fitch Ratings, the acquisition of Liberty by Basisbank more than doubles the bank's size, establishing it as the third-largest bank in the sector. The "Positive" Outlook reflects Fitch's expectation that this transaction will significantly increase the consolidated group's business scale, enhance competition, and drive diversification within the Georgian financial market.Regarding the revision of the rating Outlook, David Tsaava, General Director of Basisbank and Liberty, stated: "The upgrade of the rating Outlook for Basisbank and Liberty to 'Positive' by Fitch is a significant recognition of the strategic step we took by acquiring Liberty. This decision confirms that our unity creates a powerful, diversified, and highly competitive financial institution."(R)

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MFO sector employs 3,700 people – Rating

The 2nd largest pawnshop - Leader Credit added 8 employees in the first quarter.GBC is specifying the profile at the request of MSME financing MFOs (SCAPP, Lazika), due to the difference in business model. The majority of the market (29 MFOs) are pawn-shop, with a total portfolio of 842,770 loans worth 2 billion GEL (MFOs rating by lending).The sector ended 2025 with a portfolio of 1.9 billion (819,000 loans).As of Q1/2026, the sector's assets are 2.3 billion GEL (2025 - ₾2.2 billion), interest income is 135 million GEL and net profit for the quarter is 51.3 million GEL.

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GR’s net profit up by 30%, savings from optimization exceed GEL 230 mi...

The company’s General Director, Lasha Abashidze, presented the annual report at an event held at the Paragraph Hotel. According to him, the total savings as a result of strategic changes exceeded 230 million GEL.Financial sustainability and growth in marginsAccording to the report, the operating profit margin of Georgian Railway has improved significantly and reached 36% (in the first half of 2025 this indicator was 25%). The dynamics of revenue growth is also stable: in the first four months of 2026, a 15% increase was recorded compared to the same period in 2025.“We reduced operating and administrative expenses, optimized personnel and reviewed contracts. We had a fairly productive year for the company,” noted Lasha Abashidze.Strategic optimization and digital transformationThe increase in the company’s efficiency was driven by several key factors: Lease optimization: the lease on 400 units of wagons was canceled. Infrastructure savings: The amount saved on tunnel works amounted to approximately 13 million GEL. Direct communication: A direct connection was established with container cargo owners. Special attention was paid to regional cooperation. As a result of negotiations with China, Kazakhstan and Azerbaijan, the digitalization of services reduced the time of border procedures by 7.5 times - from 15 hours to 2 hours.

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$1 billion funding agreements with ADB to be signed

Within the framework of the annual meeting of the Asian Development Bank, the Minister of Finance held meetings with the President and senior officials of the bank. The parties discussed the current economic situation in Georgia, the results of high economic growth and the projects underway by the bank in the country.Lasha Khutsishvili emphasized the role of the ADB as one of the leading donor financial institutions: Total volume of investments: The bank has invested up to $6 billion in Georgia. Current portfolio: The value of existing projects exceeds $2 billion. “Middle Corridor”: The Bank President emphasized Georgia’s central role in the development of the Middle Corridor. At the meeting, ADB reaffirmed its readiness to continue supporting investments in infrastructure to further highlight Georgia’s strategic role in the region.

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Problems remain, but the meeting with the Ukrainian President was frie...

According to the PM, the conversation was oriented on the future, and the “spirit was significant.”“We didn’t go into depth, including regarding the problems. The problems haven’t gone anywhere, but we need to be future-oriented. I have never mentioned Zelenskyy in a negative context for a simple reason, and despite problems, Zelenskyy is the President of the country, which is in a state of war, and this country is a friend of Georgia. Therefore, I always measure my words. The problems remain but we should be future-oriented,” he said.Irakli Kobakhidze went on to say that since the meeting was closed-door, its details could not be disclosed.“I cannot disclose the details. The only thing I can say is that our conversation was essentially focused on the future. The spirit and mood of this conversation, expressed on both sides, was friendly. I cannot go into details about what problems we reviewed and what we did not discuss, since the meeting was closed and therefore the content cannot be made public. The problems remain. Did not Podolyak (Head of the Office of the President of Ukraine) or Danilov (former secretary of the National Security and Defence Council of Ukraine) make statements after yesterday? Or the ambassador was not recalled after yesterday, or other steps were not taken after yesterday?! Of course, the problems which existed still stand. But we should be oriented on the future and this is our spirit,” he said.Irakli Kobakhidze noted: “We support the Ukrainian people, we are in solidarity with Ukraine and we are interested develop firendly relations both between the countries and governments.”Prime Minister of Georgia, Irakli Kobakhidze, met with Ukrainian President Volodymyr Zelenskyy during the eighth summit of the European Political Community (EPC) in Yerevan, on May 4.Ukrainian President Volodymyr Zelenskyy posted on social media about his meeting with Georgian Prime Minister Irakli Kobakhidze on the sidelines of the eighth summit of the European Political Community.According to Zelenskyy, continuing dialogue at all levels is important.“Met with the Prime Minister of Georgia, Irakli Kobakhidze. There are indeed unresolved issues between our states. It is important to have dialogue at all levels. Ukraine has always respected and continues to respect Georgia, its sovereignty, and its people. We will continue our cooperation going forward.” Zelenskyy wrote.

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Kobakhidze: Anaklia Port to be Built “In All Cases”

As Kobakhidze told reporters, the government is currently conducting active negotiations with potential investors, although details will be announced later.“We are focused on the investor. The main thing is that Anaklia Port will be built and the state will receive maximum profit from this project… Anaklia Port will be built in all cases and will serve the further development of our country’s transit function,” the prime minister noted.The Anaklia Deepwater Port project is one of the most ambitious geopolitical and economic initiatives in the history of Georgia’s independence. Its idea is based on the country’s strategic location and aims to transform Georgia into a key link in the “Middle Corridor” connecting China and Central Asia with Europe. Unlike traditional ports, Anaklia’s main advantage is its depth, which will allow the country to receive large-capacity, so-called Panamax-type ships for the first time in history.The active phase of the project began in 2016, when the Anaklia Development Consortium (ADC) won the tender. The consortium, headed by Mamuka Khazaradze and Badri Japaridze, included TBC Holding Anaklia, American Conti International, Dutch Van Oord PPP International, British Wondernet Express, Bulgarian G-Star, and investor Bob Meyer.

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