The BARTA competition has become a key platform for showcasing best reporting standards and high levels of transparency in Georgia’s corporate sector, said Ekaterine Mikabadze, First Vice President of the National Bank of Georgia (NBG), commenting on this year’s Best Annual Report and Transparency Award (BARTA) competition and the NBG’s role in its implementation.

“The National Bank of Georgia has been actively involved in the BARTA process since its inception, and this involvement has increased even further this year. For the NBG, as a regulator, this is extremely important because compliance with standards and a high level of transparency are fundamental to the financial sector and the capital market. Supervision is based entirely on adherence to the best reporting principles,” said Mikabadze.

According to her, the BARTA competition represents the culmination of one of the most important reforms in Georgia and serves as a platform for demonstrating strong transparency practices.

She noted that the scale of the competition is expanding annually, driven by active engagement from local supervisory bodies.

“The participation of so many stakeholders means a significant increase in coverage. We are able to show more organizations the opportunities that BARTA offers for enhancing their transparency. BARTA is not only for large companies—new and smaller companies are also making notable progress, which is reflected in the ‘debutant’ and ‘improved reporting’ nominations. They can achieve major breakthroughs, and BARTA serves as a platform for them, while also helping us identify these opportunities,” she said.

BARTA 2025 is open to first-category companies and public interest entities. Applications will be accepted until November 30, and winners in 10 nominations will be announced at the awards ceremony in February 2026.

The information was released by the National Bank of Georgia.