In 2025, 35.5% of employees in enterprises used a laptop or smartphone owned by the enterprise, which provided Internet connection (only for enterprise purposes), while the percentage of enterprises that used a website or website was 15.3%.25.8% of enterprises used at least one social media tool (e.g. Facebook, LinkedIn, X (Twitter), Instagram, YouTube, Snapchat, Pinterest, etc.), while 74.2% of enterprises did not use social media at all.
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GeoStat highlights that, in April 2026, key sectors such as manufacturing, information and communication, transport and storage, trade, and financial and insurance activities all contributed significantly to this growth.Conversely, a downward trend was noted in the construction and mining sectors.
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In most cases, innovations in goods and services were developed independently by enterprises (69.1% and 61.5%, respectively). 65.2% of the implemented innovations were new for enterprises, while 34.8% were new to the market.82.5% of new or improved business process innovations by enterprises were developed directly by the enterprise, 23.8% - together with other enterprises or institutions, 23.6% resulted from the adaptation-modification of goods/services developed by other enterprises or institutions, and 18.5% were developed by other enterprises or institutions.When assessing economic activity strategies, 45.9% of enterprises gave high importance to focusing on high quality, 35.9% of enterprises give high importance to focusing on improving existing goods/services, and 36.6% of enterprises give high importance to focusing on satisfying existing customer groups.In addition, in the assessment of the business environment by Geostat, the main challenge was the increase in prices of goods and services, which leads to the loss of customers.
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The awards, presented at the regional forums “SPRING” and “PLUS-Forum Digital Uzbekistan,” highlight international recognition of the NBG’s initiatives aimed at fostering financial innovation and strengthening Georgia’s role as not only a logistical hub within the Middle Corridor, but also as a regional financial and technology hub.Both events are regarded among the most significant regional platforms, bringing together representatives of central banks, financial institutions, fintech companies, technology businesses, and international organizations. The forums focused on key topics including financial technologies, digital transformation, open banking, digital payments, cybersecurity, central bank digital currencies (CBDC), artificial intelligence, and regional cooperation.PLUS-Forum Digital Uzbekistan is considered one of the largest fintech and digital economy events in Central Asia. The forum convenes representatives from both the public and private sectors, banks, international payment systems, and technology companies, with a particular focus on promoting international cooperation and supporting innovative projects across the region.SPRING has also established itself as one of the leading innovation and technology platforms in the South Caucasus, focusing on financial technologies, startup ecosystem development, and regional connectivity.Within the framework of both forums, the Head of the Financial and Supervisory Technologies Development Department of the National Bank of Georgia, Varlam Ebanoidze, participated in panel discussions and working sessions addressing regional financial integration, open banking, digital payments, and innovation development.“For several years, the National Bank of Georgia has been actively promoting the development of open banking and open finance, the introduction of innovative financial services, the strengthening of the fintech ecosystem, and the digital transformation process. These awards underscore the NBG’s efforts in supporting innovation, developing modern financial infrastructure, and strengthening the country’s regional positioning. This recognition further confirms Georgia’s growing role in shaping a regional financial and technological hub. As an important part of the Middle Corridor, Georgia is increasingly positioning itself as a country that enhances financial, trade, and digital connectivity between Europe and Asia,” stated Varlam Ebanoidze.
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According to the ministry, during the syndication process, due to high demand, it became possible to reduce the yield of the securities in two stages and equalize it with the market price. The activity of non-resident investors at the auction amounted to GEL 850 million.As a result of the final allocation of treasury bonds with a maturity of 5.9 years, 65% of the total issue was distributed to non-resident investors, while the remaining 35% was purchased by local residents. In terms of geography, 76% of foreign investors are residents of the United Kingdom, 19% are residents of the United States, and 5% are residents of the European Union.By investor category, 64% of the issued bonds were purchased by international asset management companies, 24% by local insurance and pension funds, 11% by commercial banks, and 1% by international financial institutions (IFIs).The agency explains that the purpose of the aforementioned issue was to further develop the securities market, structurally diversify the investor base, and attract more non-residents to the market.According to the ministry, the aforementioned syndication was carried out within the framework of the annual net increase in domestic debt (GEL 1.8 billion) determined by the 2026 state budget. Accordingly, the aforementioned transaction will not result in attracting additional resources for the budget or an increase in domestic debt above the plan.
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The Notes are denominated in USD and are expected to settle on 3 June 2026. The Notes are being issued in accordance with Reg S/Rule 144A and priced at 99.475% of the principal amount.The transaction attracted strong investor demand across international institutional accounts, with the orderbook over 3x oversubscribed at peak during the execution. Interest on the Notes will be payable semi-annually.Citigroup and J.P. Morgan are acting as Joint Lead Managers and Bookrunners for the Notes, and JSC Galt & Taggart is acting as Joint Lead Manager. Sidley Austin LLP is acting as the legal advisor to the Joint Lead Managers in respect of English and United States federal law and Dentons Georgia LLC is acting as the legal advisor to the Joint Lead Managers in respect of Georgian law. Baker & McKenzie LLP is acting as the legal advisor to the Bank in respect of English and United States federal law and Andersen is acting as the legal advisor to the Bank in respect of Georgian law.The Notes are expected to be listed on the Irish Stock Exchange and are rated Ba2 by Moody’s Investors Service Ltd.
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Valerian Gabunia to replace Eter Iremadze at the Bank of Georgia
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Bank of Georgia Raises $45 Million from Citi and ADB for Trade Finance
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Megrelishvili leaves TBC Bank, Guy Stevens Replaces Him
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Gov’t Prepares Major Reform of State Procurement and Construction Regu...
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G&T announces the issuance of Nutrimax
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