Rico was fined

As of June (01.06.1026), the Russian bank's subsidiaries VTB (26 million), Silk (11.3 million), digital Hash Bank (4.9 million) and Paysera (0.956 million) have been sanctioned for losses.

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According to the Prime Minister, in recent years, the Middle Corridor has emerged as one of the most reliable routes between Europe and Asia, and Georgia has become a powerful economic and logistical hub that creates additional value for international trade.“In the first five months of this year, cargo turnover in Georgian ports increased by 21%. As for the new Poti seaport, cargo turnover here has increased by 78% over the past three years. These figures clearly indicate that the demand for our transport corridor is growing very rapidly. Our task is to respond to this demand with modern infrastructure. That is why we continue to fully modernize the country's transport network: we are expanding ports, building the Anaklia deep-water port, and upgrading railway and road highways,” said Irakli Kobakhidze.He expressed special gratitude to the US International Development Finance Corporation (DFC) and noted that the project unites the state, Georgian business and American financial institutions around a common goal. The Prime Minister also highlighted the success of the Georgian company developing the project, PACE Group, which shows that local business has the appropriate competence and resources.$25 Million US Investment in Poti PortAccording to the US Embassy in Georgia, the US Development Finance Corporation (DFC) has officially signed a second loan agreement with the Georgian company PACE Group in the amount of $25 million.The financial resources will be used to complete the construction of the second berth of the new Poti seaport.The economic impact of the project includes several key points: Increase in throughput: The port's throughput will increase by more than 1 million tons per year. Cargo diversification: The ability to process bulk cargo will significantly increase. Regional competitiveness: Critical infrastructure will be strengthened, which will make trade along the Trans-Caspian Corridor even safer and more efficient.

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During the meeting, the parties discussed the current state of Georgia's economy and its macroeconomic prospects. Focus was placed on the risks associated with the ongoing developments in the Middle East and their potential impact on the Georgian economy. Additionally, they reviewed the resilience and development trends of the banking sector, the supervisory framework, the digital transformation of the financial sector, and cybersecurity matters.Nino Jeladze underscored the significant role of the ADB in terms of providing financing and sharing expertise. She also noted that despite the increased uncertainty against the backdrop of current geopolitical events, Georgia's financial system maintains its resilience and continues to seamlessly provide credit to the economy. Banks maintain sound capital and liquidity indicators, while credit losses remain at historically low levels. At the same time, credit activity is at a sustainable level, amounting to 14.1% as of April 2026.The meeting was held in the format of an exchange of information and experience, with both sides reaffirming their commitment to further cooperation in the future.

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The embassy said that the completion of this infrastructure project will significantly increase the port’s capacity to handle bulk cargo. In particular, the port’s throughput capacity will increase by an additional one million tons per year, which will help strengthen critical infrastructure and make trade along the Trans-Caspian Corridor safer and more efficient.The ongoing project is a continuation of the successful partnership between DFC and PACE Group.As part of this cooperation, the corporation allocated a $50 million loan for the development and construction of the new Poti Seaport Terminal in 2020.For your information, DFC is the international investment agency of the US government. Its activities are aimed at ensuring solid economic results for American taxpayers, while at the same time contributing to the sustainable economic development of US allies and partner countries.

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According to the organizers, the forum will become a platform for direct dialogue between the heads of state agencies and representatives of business circles of the two countries.The main goal of the event is to deepen bilateral cooperation, exchange experience in the investment field and expand trade and economic ties.Within the framework of the forum, the Uzbek side will present the country’s investment potential and familiarize foreign partners with the current legal environment, existing benefits for investors and state support mechanisms.Delegates will also learn about the priority areas of Uzbekistan's state policy related to improving the investment climate and protecting business rights.During the panel discussions and B2B meetings, special attention will be paid to the prospects for strategic partnerships in the fields of agriculture, the electrical industry, and the production of modern building materials.The forum participants will also discuss the prospects for implementing joint investment projects and developing new commercial opportunities.

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International foreign exchange reserves are a vital guarantor of the country’s macroeconomic stability. Consequently, the NBG remains consistently focused on accumulating reserves, a commitment backed by the bank’s stated policy. Whenever market conditions allow, the central bank acts to bolster the country’s international reserves.Specifically, through interventions executed on the Bmatch platform in May, the NBG boosted its foreign exchange reserves by USD 632.9 million. This brings the total net purchases for the January–May 2026 period to USD 1,465.8 million.“According to the National Bank of Georgia, the central bank’s foreign exchange interventions in 2026 are broken down as follows: January: Net purchase of $86.6 million via Bmatch; February: Net purchase of $429.3 million via Bmatch; March: Net sale of $16.2 million via Bmatch; April: Net purchase of $333.3 million via Bmatch; May: Net purchase of $632.9 million via Bmatch. The National Bank of Georgia will publish its next updated data on foreign exchange market operations on July 27, 2026,” the NBG statement reads.

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In Batumi, in May 2026, the number of transactions in newly built apartments increased by 3.3% compared to May 2025, while transactions in old apartments decreased by 7.3%.The number of transactions increased by 13.4% in the secondary market, while the primary market recorded a decrease of 8.5%.The share of foreign buyers in transactions of old and new projects increased compared to May of last year and amounted to 49%. Foreign buyers accounted for 59% of the increase in the number of transactions in new and old projects.In addition, in May 2026, the number of residential apartment transactions in Batumi increased by 2.5% compared to May of last year and amounted to 1,324 units, while the market size increased by 22.2% to $87 million.

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In May 2026, the weighted average selling price of old apartments in Tbilisi increased by 23.5% in the city center, by 3% in the wider center, and by 11.6% in the suburbs compared to May 2025. Prices in old projects across the city increased by 16%.It is worth noting that the significant increase in prices in the city center is influenced by the small number of registered transactions.In May 2026, the weighted average selling price of newly built apartments in Tbilisi increased by 7.2% in the suburbs compared to May 2025, by 10.6% in the wider center, and by 29.6% in the city center.According to recov.ge data, prices in the city center increased mainly at the expense of the primary market, as transactions in several expensive projects were registered simultaneously. Meanwhile, an 11.5% increase was recorded in the secondary market in the city center.The increase in the weighted average price of primary transactions across the city amounted to 14.9%. In the secondary market, the weighted average price across the city increased by 5.5%.In May 2026, the number of transactions in new projects in Tbilisi increased by 15.3% compared to May last year. Growth was observed in both the primary (11.4%) and secondary (20.7%) markets for newly built apartments.In addition, 40% of the growth in the secondary market came from the Samgori district. The number of transactions also increased by 5.1% in old projects. In Tbilisi, the majority of transactions in both old and new projects are carried out by Georgian citizens, while the share of foreign citizens was only 11.4% in May 2026.

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