German Embassy: Germany calls on Russia to fully fulfill obligations outlined in August 12 and September 8, 2008 agreements

According to the document, the NBG emphasizes the importance of a long-term, inclusive, and sustainable economic development policy, noting that recent years have demonstrated the Supervisory Strategy's value as a key reference for both the National Bank and financial sector stakeholders. The strategy helps guide the Bank’s operational planning, provides clarity to its staff, and enhances predictability for the financial sector.Additionally, the strategy promotes transparency and accessibility for a wide range of audiences, including investors, international financial institutions, rating agencies, the general public, and other interested parties, by detailing supervisory priorities and forward-looking plans.First introduced in 2023, the 2023–2025 Supervisory Strategy was developed in close collaboration with both the private and civil sectors. It is reviewed annually to reflect current developments, while maintaining its core supervisory objectives over the three-year span.The five key supervisory priorities outlined in the document remain unchanged for 2025: Enhancing the financial sector’s risk management and proactive response systems Promoting competition across the financial sector Supporting financial innovation and the development of supervisory technologies Aligning with international standards Strengthening the supervisory capacity of the National Bank and improving transparency The 2025 edition also includes an action plan detailing the measures and timelines for implementing these priorities, as well as a report evaluating the progress made during 2024.Looking ahead, the National Bank of Georgia is preparing to develop a new Supervisory Strategy for the 2026–2028 period. This process will again involve broad stakeholder engagement to define fresh strategic priorities and actionable goals for the coming years.

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According to the ambassador, the United Kingdom continues to call on Russia to respect the August 2008 ceasefire agreement.“Our support for Georgia’s sovereignty and territorial integrity remains unwavering. This August marks one year since I began my duties as Her Majesty’s Ambassador to Georgia. During this period, I visited the village of Ergneti, which is located near the administrative boundary line with South Ossetia, and also visited the Enguri Bridge, which crosses the Rioni River toward Abkhazia. I had the opportunity to speak directly with people affected by the conflict, with Women Ambassadors for Peace who live in villages near the administrative line, as well as with young people from the Gali region. I witnessed firsthand the impact of the war-divided society on people’s daily lives.For more than 30 years, the United Kingdom has worked with Georgia toward peaceful conflict resolution and preventing escalation. The UK wants to see a successful, united Georgia that can freely choose its security partners. We regret Georgia’s government’s criticism of European efforts to restrain Russian aggression in Ukraine and Europe,” Gareth Ward added.It has been 17 years since the 2008 Russo-Georgian War. On August 7, 2008, separatist forces commenced intense shelling of Georgian villages, prompting a response from Georgian forces. The following day, Russian occupation troops entered the region. As a result of Russia’s military aggression against Georgia, 411 people lost their lives, approximately 130,000 citizens became IDPs in their own country, numerous villages were destroyed, and the city of Gori, along with strategic facilities, were heavily bombed. Russia continues to occupy 20 per cent of Georgia’s territory to this day.

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“We stand in solidarity with the Georgian people and reaffirm our unwavering support for Georgia’s sovereignty and territorial integrity,” reads the statement.It has been 17 years since the 2008 Russo-Georgian War. On August 7, 2008, separatist forces commenced intense shelling of Georgian villages, prompting a response from Georgian forces. The following day, Russian occupation troops entered the region. As a result of Russia’s military aggression against Georgia, 411 people lost their lives, approximately 130,000 citizens became IDPs in their own country, numerous villages were destroyed, and the city of Gori, along with strategic facilities, were heavily bombed. Russia continues to occupy 20 per cent of Georgia’s territory to this day.

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According to the statement, the EU calls on the Georgian authorities to “release Mzia Amaglobeli, as well as those unjustly detained.”“Media freedom and the right to freedom of expression are cornerstones of any democratic society. Journalists must be able to carry out their vital work without fear of persecution or undue restraint. The actions of the authorities targeting and silencing independent media undermine the very foundation of democracy, contradict Georgia’s international obligations and run counter to the European aspirations of the Georgian population.We call on the Georgian authorities to release Mzia Amaglobeli, as well as those unjustly detained, and to uphold and ensure the right to a fair trial, as a fundamental principle of justice and a key pillar of democratic governance.The EU stands with the Georgian people and their European aspirations and remains steadfast in its commitment to support civil society and independent media,” reads the statement released by the EU Delegation to Georgia.Batumi City Court sentenced Mzia Amaglobeli, founder of the Batumelebi and Netgazeti media outlets, to two years in prison.

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Based on its market analysis, the Agency identified eight companies that held a dominant position (market share exceeding 40%) in relation to 14 specific medicines. The investigation focused on the following companies: Global CBS LLC, Concept Pharma LLC, Bardi LLC, Nuvea Pharmaceuticals LLC, Rich Group LLC, Crocus Pharma LLC, Gea LLC, and BIH LLC.The investigation focused on whether price mark-ups ranging from 300% to 3,000% resulted from anti-competitive conduct by these dominant entities.The GCCA found that four of the companies abused their market dominance by imposing unfairly high prices on seven medicines. Unfair pricing was determined based on profit margins exceeding 30%, combined with additional mark-ups surpassing 20%, which were deemed unjustified. As a result, the four companies were fined a total of GEL 559,358, with individual fines calculated at up to 5% of each company’s 2024 annual turnover, proportionate to the harm caused.- Global CBS LLC- Oflab-Oz, Hyzine, Ioril -10 – Fine 249 144 GEL- Concept Pharma LLC – Floxazol - Fine 21 646 GEL- Rich Group LLC – Zinasen- Fine 77 936 GEL- Gea LLC - Biseptol 120 ml - Biseptol 480 ml - Fine 210 632 GELThe investigation revealed that the pricing structures for some of the medicines included costs unrelated to standard price formation, suggesting potential price inflation. These costs included: Expensive gifts (including gold jewelry); Entertainment at cultural and theater events; Informal stakeholder meetings; Conference and luxury hotel expenses in Georgia and Europe; Cosmetic and dental services; Legal sanctions and fines; Maintenance of luxury-class vehicles, among others.As part of the enforcement outcome, the GCCA issued a mandatory recommendation to dominant undertakings. They are expected to develop internal pricing policies that proactively prevent anti-competitive conduct, in line with the Agency’s guidelines. Prices must not be unfairly high, either in absolute terms or relative to alternative products or services. In cases where the GCCA identifies reasonable grounds for suspicion, a formal investigation may be initiated.The Agency also noted that the period under review preceded the implementation of Georgia’s reference pricing mechanism. Since its introduction, this mechanism has significantly reduced the possibility of inflated medicine mark-ups.

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According to TBC, with the new functionality of the Business Internet Bank, the company will be involved in the payroll project in a few minutes, without additional procedures, activate payroll cards for employees, and save time.To do this, you need to select a payroll offer from the TBC Business Internet Bank offers page and fill in the required data, after which a TBC representative will contact the company.“For us, customers' time is very valuable. We are constantly trying to offer remote products for businesses. I am confident that the new service will save time equally for HR managers and executives of both startups and large companies,” - said Ia Kalmakhelidze, captain of the TBC Payroll Team.

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Similarly, the largest year-over-year increase was +6.2% for sales and procurement, while the largest decrease was -13.7% for administration and management.From March 2025 to May 2025, the total number of vacancies published on jobs.ge amounted to 20,032, which was 13.1% lower compared to the same period of 2024. The administration and management category saw the largest decrease of 17.7%, contributing the most to the overall decline during this period.From March 2025 to May 2025, a total of 4,103 vacancies were published in the field of finance and statistics, which was 1.7% higher compared to the corresponding period of 2024.From March 2025 to May 2025, a total of 768 vacancies were published in IT and programming, which was 6.6% lower compared to the corresponding period of 2024.From March 2025 to May 2025, a total of 4,972 vacancies were published in sales and procurement, which was 7.7% lower compared to the corresponding period of 2024.Finance and statistics was the only category that saw an increase from March 2025 to May 2025 compared to the corresponding period of 2024.

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However, year-over-year growth rate slowed by 2.8 percentage points compared to May 2024.In May 2025, the share of persons receiving a monthly salary up to 600 GEL amounted to 12.6%, which was 0.1 percentage points higher than in April 2025 and 2.3 percentage points lower than in May 2024.In May 2025, the share of persons receiving a monthly salary of 2,400 GEL or more amounted to 31.8%, which was 1.2 percentage points lower than in April 2025 and 4.9 percentage points higher than in May 2024.In May 2025, the share of persons receiving a monthly salary of 9,600 GEL or more amounted to 2.8%, which was 0.3 percentage points lower than in April 2025 and 0.3 percentage points higher than in May 2024.

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