Tbilisi Stock Exchange plans to complete technological upgrades by the end of the year to make trading more accessible and attract retail and institutional investors, General Director Giorgi Amzashvili told BMG’s Business Course.
The exchange currently lists bonds issued by 20 companies, including Bank of Georgia and Tegeta Motors securities in the A listing category. Amzashvili said the platform offers more advanced technology and better access to local and international markets than the Georgian Stock Exchange, with new features expected in the coming months.
He acknowledged that Georgia’s capital market remains shallow, with trading dominated by bonds and limited liquidity. Attracting new issuers and introducing more diverse investment instruments will be essential to expanding market activity. Amzashvili highlighted real estate investment trusts (REITs) as a potential catalyst for market development.
The planned upgrades will include a data-exchange layer allowing retail investors to participate in trading through brokers. Amzashvili also called for greater engagement from regulators, lawmakers and market participants to support initiatives that could deepen Georgia’s capital market.
