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US Court did not order Georgia to pay $400 million to Enka - Deputy Justice Minister

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Some television channels today disseminated incorrect information claiming that a US court had ordered the Georgian government to pay $400 million to Enka in connection with the Namakhvani HPP case, Deputy Justice Minister Beka Dzamashvili said.

According to Dzamashvili, no proceedings are currently taking place in a Washington court that are substantively considering the matter.

He said the case concerns an arbitration award that was issued by an arbitration tribunal in Paris in 2024 and that the Georgian authorities have appealed the decision to the Paris Court of Appeal.

“The main proceedings concerning the case are taking place precisely in Paris, and they will ultimately determine whether this decision remains in force. The Georgian authorities have requested that the decision be annulled, and we do not expect any ruling in this case by the end of this year.

“As for the decision of the Washington court, it concerned only procedural matters, because the other party did not wait for the proceedings in Paris to conclude and instead sought to initiate parallel recognition and enforcement proceedings for the decision.

The Washington court considered whether it should wait for the proceedings in Paris to conclude. The decision being reported by some television channels only concerns the procedural issue of whether these proceedings may continue in parallel in Washington.

However, we reiterate that this is not a final decision and it is also subject to further appeal within the Washington jurisdiction. The Georgian government will, of course, make use of this legal avenue, and we will continue to defend the interests of the state to the fullest extent in every jurisdiction,” Dzamashvili said.

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image NBG and J.P. Morgan host inaugural regional summit of central bank governors in Tbilisi

18.09.2026.18:14

The National Bank of Georgia (NBG), in co-operation with America’s largest banking institution, J.P. Morgan, hosted a regional roundtable meeting of central bank governors in Tbilisi.

This high-level forum marks the first time an event of this format has been convened in the region alongside J.P. Morgan.

Prime Minister Irakli Kobakhidze opened the summit. Delivering his address, the head of government underscored the significance of hosting a forum of such international magnitude, highlighting Georgia’s economic growth indicators and the dynamic trajectory of its financial sector. He emphasised the financial sector’s pivotal role in sustaining broader economic momentum, alongside the growing international standing of Georgian financial institutions.

Prime Minister Kobakhidze reaffirmed that his government remains committed to advancing domestic capital markets and fostering an increasingly competitive environment for foreign investment.

A primary focus of the forum centred on regional macroeconomic conditions and the structural hurdles confronting monetary policy. Delegates analysed global economic shifts and exchanged operational insights on preserving price and financial stability. Dedicated working sessions addressed asset and international reserve management amid ongoing geopolitical volatility, as well as prospects for deepening local capital markets.

The meeting is designed to encourage closer operational integration among central banks across the region, promote knowledge-sharing, and create mechanisms for a coordinated response to shared macroeconomic pressures.

“Hosting an inaugural event of this calibre within our region carries immense institutional weight. It is immensely gratifying to welcome so many esteemed peers to Tbilisi, representing nearly 15 central banks, multilateral development institutions, and international financial organisations.
Meetings of this nature are invaluable—not merely because they allow us to share perspectives on the critical forces shaping our respective economies, but because they forge an open platform for dialogue, peer-to-peer learning, and the continuous strengthening of inter-institutional ties,” stated Acting NBG Governor Natia Turnava.

According to the National Bank of Georgia, the summit brought together central bank governors, deputy governors, and senior central bank leadership from nearly 15 nations, including Hungary, Poland, Bosnia and Herzegovina, Armenia, and Kazakhstan, alongside executive delegations from J.P. Morgan, the World Bank, and the Asian Development Bank.

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