The financial sector generated GEL 13.8 BLN in revenue in 2025 – Geostat

European Parliament Resolution Calls for Sanctions on Georgian Dream L...

MEPs call on the EU and its member states to impose targeted personal sanctions and visa restrictions on individuals responsible for democratic backsliding, violent repression and political persecution. The resolution specifically names Bidzina Ivanishvili, Irakli Kobakhidze, Shalva Papuashvili and Kakha Kaladze. The document also refers to the constitutional lawsuit filed in November 2025 by the Georgian Parliament seeking to ban opposition parties, including the United National Movement, Coalition for Change and Strong Georgia – Lelo. The Federalists were subsequently added to the case, while For Georgia, described in the resolution as the only opposition party represented in Parliament, was added in September 2026.According to the resolution, the European Parliament also calls for: the immediate release of all political prisoners and those detained for peaceful protests, including Elene Khoshtaria, 2025 Sakharov Prize laureate Mzia Amaglobeli, Mikheil Saakashvili, Giorgi Baramidze and Nika Melia; the dropping of charges in politically motivated “sabotage” cases; the repeal of provisions allowing disproportionate restrictions on banned parties and individuals; an end to the use of legislation and state institutions to silence political opponents; the removal of obstacles facing European political foundations, including the Konrad Adenauer and Friedrich Naumann foundations. The resolution describes the situation in Georgia as increasingly deteriorating in terms of democracy, media freedom, human rights and the rule of law. MEPs characterize the attempts to ban opposition parties as part of what they describe as a broader Georgian Dream strategy to establish a one-party regime by eliminating political pluralism, comparing it to the models of Russia and Belarus. The European Parliament also reiterates its support for the Georgian people’s European aspirations and recalls its previous warnings that banning existing political parties would move Georgia away from the EU and hinder any steps toward EU membership. It also rejected two amendments submitted by Tomasz Froelich and Petar Volgin that sought to remove references to the alleged one-party strategy and targeted sanctions from the resolution.

Tamaz Borashvili Confirmed as Head of State Security Service – Agency...

Prime Minister Irakli Kobakhidze submitted Borashvili’s candidacy to the legislature on September 14. Prior to this appointment, Borashvili served as the Deputy Head of the State Security Service. He replaces Geka Geladze, who announced his resignation on September 14 and will continue his career as a Deputy Minister of Internal Affairs.Under the law, the Parliament elects the Head of the State Security Service for a six-year term; however, the issue of appointing the agency's leader has appeared on the parliamentary agenda four times in the last year and a half. Tamaz Borashvili is the sixth person to hold the position of Head of the State Security Service. Heads of the State Security Service and the chronology of personnel changes: Vakhtang Gomelauri (August 1, 2015 – September 8, 2019) – The first head of the newly separated agency (over 4 years). Grigol Liluashvili (October 17, 2019 – April 2, 2025) – The longest-serving head (over 5 years). Anri Okhanashvili (April 4, 2025 – August 23, 2025) – Held the position for less than 5 months. Mamuka Mdinaradze (September 3, 2025 – April 21, 2026) – Led the agency for approximately 7 months. Geka Geladze (April 21, 2026 – September 14, 2026) – Left the position in less than 5 months.

Maia Bitadze appointed as Georgia’s new Culture Minister

“Maia Bitadze is distinguished by her integrity, which was the primary criterion on which she was asked to assume the post of Minister of Culture,” Georgia’s Prime Minister Irakli Kobakhidze stated during a press briefing at the Government Administration.According to Kobakhidze, Bitadze possesses exceptional, long-standing managerial experience.“I would like to inform you that Mrs Maia Bitadze was today appointed as Georgia’s Minister of Culture. She requires no special introduction to the public. I want to emphasise that Mrs Maia possesses exceptional, long-standing managerial experience. For many years, she has held various high-ranking positions. Among other roles, she served for years as Deputy Minister of Environmental Protection and Deputy Mayor of Tbilisi, during which time she also oversaw the culture portfolio. Since 2020, Mrs Maia Bitadze has been a Member of the Parliament of Georgia and Chair of the Parliamentary Committee on Environmental Protection and Natural Resources. She holds a Doctorate in Law and is an Associate Professor at Tbilisi State University. Her integrity is exemplary, and this served as the principal criterion for inviting Mrs Maia to take up the position of Minister of Culture of Georgia. I am confident that Mrs Maia will be a highly successful Minister of Culture. I wish her great success,” stated the Prime Minister.Bitadze previously served as the Chair of the Parliamentary Committee on Environmental Protection and Natural Resources. Between 2011 and 2020, she held key public offices, serving as Deputy Minister of Environmental Protection followed by a term as Deputy Tbilisi Mayor.For context, the post of Culture Minister became vacant on 28 July after Tinatin Rukhadze’s resignation.

Geka Geladze steps down as Head of the State Security Service

Geladze said in his resignation address that he will transition to a new role within the state apparatus, following consultations with the ruling political leadership.“I have decided to step down from the post of Head of the State Security Service of Georgia. Following consultations with the political team, I will continue my service in another agency, where I will continue to serve the interests of our country and society with full dedication.Serving as Head of the State Security Service was an immense responsibility and a profound privilege. Throughout this period, every officer and member of the agency worked collectively to address state challenges, bolster Georgia’s security, and protect our national interests.I wish to extend my special gratitude to every employee of the State Security Service for their professionalism, devotion, and the crucial work they perform daily to ensure our nation’s security.I express my gratitude to the political team, particularly to the Honorary Chairman of the party, Bidzina Ivanishvili, and Prime Minister Irakli Kobakhidze, for the trust reposed in me. I am confident that the State Security Service will continue to carry out its paramount responsibilities with distinction and safeguard the security of our nation,” Geladze’s statement reads.

Kobakhidze on Germany: Government lacks resources and sovereignty to m...

“The situation in Germany is quite difficult in terms of economy. Over the past three years, a recession has been observed overall, that is, a decline in the economy. All this naturally affects the mood of the population. Everyone sees that the government does not have the resources to manage processes properly, they do not have sufficient sovereignty for this,” Kobakhidze told journalists in Batumi.According to the Prime Minister, the economic situation in Germany is also reflected in the mood of the country’s voters, and one of the manifestations of this is the elections held in the state of Saxony-Anhalt.“This is reflected in the fact that the opposition party won in one of the federal subjects, the state of Saxony-Anhalt,” he said, noting that he does not intend to interfere in the choice of the German people.What do economic statistics show?Part of Kobakhidze’s statement concerns the dynamics of the German economy in recent years. According to official statistics, Germany’s real GDP decreased by 0.9% in 2023 and by 0.5% in 2024. In 2025, the economy showed growth of 0.2%. Accordingly, the assessment of the entire period of the last three years as a “recession” is not accurate, although the German economy shrank for two consecutive years in 2023-2024.Amid economic difficulties, the German government is trying to stimulate growth. Chancellor Friedrich Merz has set a target of at least 1% economic growth by 2027, while the current forecast by the Ministry of Economics is for 0.5% growth by 2026.Saxony-Anhalt elections and AfD victoryKobakhidze described the results of the Saxony-Anhalt elections as a victory for the opposition, although the AfD – the Alternative for Germany – party that came first in the elections is not a typical opposition force in the country’s political spectrum.In the September 6 elections, the AfD received around 44% of the vote, achieving an unprecedented result for a German far-right party in regional elections since World War II. The ruling CDU received around 17%. Despite its victory, the AfD does not have an absolute majority, and the issue of coalition partners to form a government remains a problem.Speaking about the results of the German elections, Kobakhidze stated that "they should draw their own conclusions about the rest" and that Georgia does not intend to interfere in the choice of the German people.