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Prosecutor’s Office Sentences Garibashvili to 5 Years in Prison and GE...

According to the official statement, Garibashvili was convicted under Article 194, Part 3 of the Georgian Criminal Code. In addition to imprisonment, he was issued an additional fine of GEL 1 million.The Prosecutor’s Office also announced that the state will confiscate all funds obtained through the criminal scheme, including the cash seized during a search of Garibashvili’s residence.Garibashvili has admitted guilt and accepted the terms of the plea agreement. The court has already approved the prosecution’s motion, making the agreement legally binding.

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Share prices of Georgian companies on the LSE went in different direct...

Lion Finance Group (BGEO LN) shares closed at GBP 91.90/share (-0.27% w/w and -1.55% m/m). More than 305k shares traded in the range of GBP 88.80 - 93.20/share. Average daily traded volume was 64k in the last 4 weeks. The volume of BGEO shares traded was at 0.70% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 39.15/share (-1.63% w/w and -3.21% m/m). More than 293k shares changed hands in the range of GBP 38.00 - 40.50/share. Average daily traded volume was 53k in the last 4 weeks. The volume of TBCG shares traded was at 0.52% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 31.15/share (+0.81% w/w and +5.24% m/m). More than 415k shares traded in the range of GBP 30.35 - 31.60/share. Average daily traded volume was 56k in the last 4 weeks. The volume of CGEO shares traded was at 1.19% of its capitalization. 

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Georgia Spends GEL 17.4 Million on Wine Promotion in 2025

With the agency’s financial and organizational support, Georgian wine was showcased in 21 countries through 58 exhibitions and festivals and 322 tasting seminars. Key countries included the USA, Spain, France, Italy, Germany, China, Japan, the UK, South Korea, Norway, Poland, Austria, Belgium, the Netherlands, Finland, Brazil, Armenia, Canada, and Uzbekistan.Additionally, 18 wine tours were organized in Georgia for international professionals, including masters of wine, sommeliers, importers, HORECA representatives, and media representatives, from countries such as Germany, Japan, China, Poland, the UK, Sweden, Finland, and the USA. These tours aimed to increase awareness of Georgian wine and expand export partnerships.Domestically, the program supported 32 events, including 30 exhibitions/festivals and 2 competitions, promoting Georgian wine culture, tourism potential, and consumer awareness.Under the marketing co-financing program, 9 wine companies received a total of GEL 692,969 in support to participate in international events and present Georgian wine abroad. Only companies exporting to priority markets outside the CIS and SUAM countries were eligible. The program helped participating companies increase export volumes across America, Europe, and Asia.

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Georgia’s Pension Fund Assets Surpass GEL 8.2 Billion

During the year, 26,820 participants received payouts from their funded pensions, totaling GEL 124 million.By the end of December, the assets of the Georgian Pension Fund exceeded GEL 8.2 billion, while the accumulated earnings reached GEL 2.2 billion, highlighting steady growth in the country’s pension system.

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NBG Fines Kotorashvili’s Pawn Shop With GEL 200,000

The penalties stem from deficiencies in client monitoring, reporting, and internal controls.Among the fines, GEL 133,000 was issued for 19 instances of failing to record client transactions, GEL 17,000 for providing incorrect information to the NBG and the Financial Monitoring Service regarding AML/CFT risk oversight, GEL 15,000 for a software system that could not block or detect suspicious individuals, GEL 8,000 for serving four clients without properly establishing their business profiles, GEL 5,000 for late submission of primary accounting forms, GEL 5,000 for lacking internal control policies, and GEL 4,000 for incomplete documentation.The National Bank noted that the Lombard failed to detect suspicious, unusual, or split transactions, did not verify clients against sanctions or politically exposed persons lists, and operated a software system unable to fully record client information in accordance with KYC standards, highlighting systemic gaps in AML/CFT compliance.

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GCCA publishes consumer protection statistics, reporting a 65% increas...

During the reporting period, the Agency received 1,470 consumer applications and handled 5,450 hotline calls, marking a 65% increase in applications compared to the previous year.90% of concluded cases were decided in favor of consumers, with total compensation exceeding GEL 1 million.During the reporting period, the Georgian Competition and Consumer Agency (GCCA) identified 183 violations of consumer group rights in 288 cases. Due to non-compliance with obligations imposed by the GCCA, 85 traders were fined in 139 cases, with total penalties amounting to 135 955 GEL. For consumer protection, 161 commitment agreements were signed in 182 cases, where traders committed to modifying their internal business policies and restoring the rights of affected consumers who suffered due to unfair business practices.In 2025, 66% of submitted applications concerned online transactions, while 34% related to in-person purchases. From a regional perspective, Tbilisi accounted for the largest share of applications (79%), followed by Adjara and Imereti (5%). Kakheti, Kvemo Kartli, Shida Kartli, and Samegrelo-Zemo Svaneti each represented 2%, and etc.Based on 2025 data, the demand for a refund is 465, the repair or replacement of defective items is 484, 273 for restoring the right to a defective service, ensuring delivery of goods within the stipulated period 112, 46 related to the prohibition of misleading practices, and the rest is 90. According to the statistics, 73% of the applications related to the wholesale and retail sector, followed by transport and warehousing with 12%. The arts, entertainment, and recreation sector accounted for 5%, while the remaining 10% concerned other types of economic activities.

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