IMF & NBG Governance: The IMF welcomed National Bank of Georgia reforms, including clearer executive responsibilities and steps to strengthen the framework for replacing the NBG president, saying most 2022 safeguards recommendations are now implemented. Credit Markets: S&P upgraded Georgia Capital PLC’s rating to BB- with a positive outlook, citing improved portfolio performance and disciplined debt management. Macroeconomic Outlook: The IMF also projects Georgia’s economy to grow strongly in 2026 (6.5% in the Fund’s latest reporting), while inflation dynamics remain a key watchpoint. Regional Connectivity & Trade: Georgia and Kyrgyzstan marked a historic high-level push, with leaders discussing trade, investment, tourism and transport links, including rail connectivity toward Georgia’s port infrastructure. Energy Costs Pressure: A World Bank-linked note flags that high energy prices can lift export revenues for energy exporters, but hit energy importers like Georgia via higher inflation and weaker real incomes. Aviation: Direct flights between Tbilisi and Bucharest are set to resume from July 1, with Dan Air entering the Georgian market. Finance & Business: Georgia Capital’s S&P update and the IMF’s NBG governance review underline investor focus on stability, while Georgia’s wine exports continue to find room abroad (Georgia ranked 8th in Poland’s wine imports).