GE EN
Other news
Council of Europe: Georgia’s prison population is twice the European a...

According to the report, as of 31 December 2025, there were a total of 8,592 prisoners in Georgia (including those in pre-trial detention). This means that the country has 231.9 prisoners per 100,000 inhabitants, which is significantly higher than the European average of 110 prisoners and is classified as “very high”.Declining trend, amnesty and pardonDespite the high overall figure, the report highlights the dynamics of the reduction in the number of prisoners: The total number of prisoners decreased by 15.5% in 2015-2025 The decrease in 2024-2025 amounted to 11% The Council of Europe attributes this decrease, among other things, to humanitarian acts - according to the document, in 2024 Georgia declared 953 amnesties and 688 individual pardons. Demographic profile of prisonersThe study describes in detail the structure of those in Georgian prisons: Age: The average age of prisoners is 39 years. In addition, the share of convicts aged 50 or older is assessed as “high”. Juveniles: As of January 31, 2025, there were 74 juveniles in the system (0.9% of the total). Women: Only 4.4% (377 prisoners) of the total prison population, which is considered a “low” figure. Foreigners: 11.9% (1,020 prisoners) of convicted persons are foreign citizens. This figure is “very low” compared to the European median (17%). The report also addresses prison capacity. The Georgian penitentiary system has a total of 12,332 places. The current density is 69.7 prisoners per 100 places, meaning that the system is not overcrowded.There are a total of 2,918 cells in the country, with an average of 2.9 prisoners per cell. In addition, the Council of Europe notes that spending the night in individual (separate) cells is not a standard in Georgia.

1779279603

TBC Strengthens Management Team with International Banking Experience

Sandro Rtveladze joins the team with significant international experience, which will further strengthen TBC’s strategic direction - retail business management and contribute to creating a stronger customer experience.Sandro joined TBC from the position of an executive at OTP, one of Europe’s leading business groups. Today, he is the General Director of OTP Uzbekistan (Ipoteka Bank), which is among the top 5 banks in the local market. Sandro has a long-standing successful career, both in Georgia and abroad. In Georgia, he worked at Liberty Bank, where in recent years he held the position of Deputy General Director for Retail Business. Then he continued his career internationally and worked at the African bank Bayport, where, by implementing digital processes, he achieved a large-scale increase in retail lending. After Africa, he joined OTP Group, one of the largest banking groups in Central and Eastern Europe, with total assets of 113.6 billion euros at the end of 2025.“Sandro will significantly strengthen our team. His international experience is unique in creating added value for TBC customers”, - Giorgi Tkhelidze, General Director of TBC Bank.

1779279449

Butskhrikidze: We are pleased that Sandro is returning to TBC

“We are delighted to welcome Sandro back to the Group. He brings a combination of deep retail banking expertise and strong execution capabilities across multiple markets. I am confident that his leadership will further strengthen our retail banking in Georgia,” Butskhrikidze said.“Sandro is a highly respected banking executive with a strong track record of delivering growth, innovation and operational excellence. His extensive experience across retail makes him well positioned to lead the next stage of development of our retail banking business,” said Tkhelidze on Rtveladze’s return.As a reminder, Sandro Rtveladze is appointed as Deputy CEO, Retail Banking of JSC TBC Bank, subject to the approval of the National Bank of Georgia, and will join the Bank with effect from 6 July 2026, or such later date as may be required for the completion of the relevant regulatory approvals. In this role, he will oversee the wide range of products, services and channels serving the Bank's retail customers.Sandro joins JSC TBC Bank from Ipoteka Bank, where, as chairman of the management board, he led the successful turnaround of OTP Group's Uzbek subsidiary. He was previously the CEO of TBC Uzbekistan, the Group's digital bank, and has held senior roles at OTP Bank Russia, Liberty Bank Georgia and Bayport Management Africa, bringing more than a decade of senior management experience in retail and digital banking.With strong Georgian roots and 11 years of extensive international leadership experience, this appointment represents a homecoming and will further strengthen the Bank's growth and transformation agenda.

1779279362

Cargo turnover in Georgian ports increased by 19.7%, passenger traffic...

In the I quarter of 2026, compared to the corresponding period of the previous year, the ports and terminals of Georgia received 23.0 percent less liquid bulk, 8.7 percent less – specialized carriers, 8.4 percent less general cargo carriers, 6.1 percent less – container ships, and 5.0 percent less – dry bulk.In the I quarter of 2026, 18.2 percent of the ships arriving at the ports and terminals of Georgia sailed under the flag of Panama, 13.7 percent – under the flag of Turkey, 10.0 percent – under the flag of Liberia, 7.5 percent – under the flag of Malta, and the rest of 50.6 percent were distributed among other countries.In the I quarter of 2026, Georgian seaports served 3.2 thousand passengers, which is 53.6 percen more compared to the corresponding figure of the previous year. Note, the share of passengers departed was higher than the share of passengers entered and stood at 55.3 percent.In the I quarter of 2026, ports and terminals of Georgia processed 4 316.9 thousand tons of cargo, 19.7 percent more compared to the corresponding figure of the previous year. 49.1 percent of freight carried was general cargo, 30.4 percent was liquid bulk, and 20.4 percent – dry bulk.

1779279247

Producer prices of industrial products increased by 6.7%

In the same period, the prices for manufactured products increased by 0.7 percent, contributing 0.54 percentage points to the monthly index change.Within the group, a noteworthy price increase was registered for chemicals and chemical products (8.4 percent) and coke and refined petroleum products (7.9 percent). Besides, the prices increased for electricity, gas, steam and air conditioning by 1.1 percent, contributing 0.11 percentage points to the monthly index change.The annual PPI rate was mainly affected by price changes for the following products: Mining and quarrying: the prices were 27.6 percent higher, contributing 1.8 percentage points to the overall annual index change. Within the group, the prices were higher for the subgroup of metal ores (34.3 percent); Manufactured products: the prices increased by 5.3 percent, contributing 4.28 percentage points to the overall annual index increase. There was a notable increase in the prices for food products (6.3 percent) and beverages (5.6 percent); Electricity, gas, steam and air conditioning: the annual price increase amounted to 3.7 percent, which contributed 0.39 percentage points to the annual index change; Water supply, sewerage, waste management and remediation services: the annual price increase amounted to 6.8 percent, which contributed 0.21 percentage points to the annual index growth.

1779279177

Passenger traffic at Georgian airports up by 4.3%, passenger flights b...

In the I quarter of 2026, scheduled flights carried 93.6 percent of passengers in airports of Georgia.In the I quarter of 2026, the number of passenger flights from Georgian airports increased by 20.8 percent compared to the same period of the previous year and amounted to 7.3 thousands.In the I quarter of 2026, in airports of Georgia the volume of freight and mail amounted to 10.3 thousand tons, of which 92.1 percent was arrived freight and post, and 7.9 percent was departured.In the I quarter of 2026, 0.9 thousand freight flights were carried out in the airports of Georgia and that is 6.2 percent more than the same figure of 2025.In the I quarter 2026, airway companies of Georgia transported 190.7 thousand passengers and 30.5 thousand tons of freight. Compared to the corresponding period of the previous year the number of passengers increased by 57.7 percent and freight decreased by 18.1 persent.

1779278993