According to the head of government, there is great interest in the project both among Georgia's partners and neighboring countries, as well as in Central Asia, the Middle East and Europe.Kobakhidze noted that the pace of work has been accelerated to the maximum after the contract was revised, reducing its cost by about $50 million. He thanked the Ministry of Economy and the minister personally for this result. According to the Prime Minister, the smooth progress of the work gives grounds for optimism that the port will receive its first ships by 2029.The Prime Minister’s statement was preceded by information from the Ministry of Economy, according to which the first dredging vessel (Tristao Da Cunha) entered the Anaklia sea area on August 1 to carry out dredging works. According to the ministry, the vessel will begin work on the construction of the breakwater channel after completing the procedures established by law.According to the project, the seabed in the Anaklia sea area will be deepened to 17.5 meters, and a 1,380-meter-long breakwater will be built at a later stage. The construction works in the sea area of the future port are being carried out by the Belgian company, a member of the so-called “Big Four”, Jan De Nul N.V., together with Georgian partners. The Ministry of Economy announced the Belgian company’s victory in the tender on August 1, 2024.As announced in early July, the Georgian government is building the Anaklia deep-water port using the world-proven “landlord” model. This model will allow the state to develop the port not in partnership with one, but with several states and companies at once, which will create the best conditions for attracting cargo and its efficient operation. Along with the creation of port infrastructure, the government will also ensure the arrangement of road and rail access to the port.In addition, according to the state decision, the investor will have only a 49% share of the port, while the state will retain the controlling 51%. On May 29, 2024, the Georgian government announced that a Chinese-Singaporean consortium would acquire a 49% share of the Anaklia port.According to the original project, the first ship was to be received by the Anaklia port in 2020. That same year, the Georgian Dream government terminated the 2016 contract with the Anaklia Development Consortium (ADC). The consortium included TBC Holding Anaklia (Georgia), Van Oord PPP International (Netherlands), Wondernet Express (UK), G-Star LLC (Bulgaria), Conti International (USA), and Dutch investor Bob Meyer.At the time, the government cited non-fulfillment of obligations as the official reason, while the consortium itself pointed to state interference. The state won two international arbitration disputes in this case, after which it promised to continue the construction of the port with its own funds.
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Notably, sales on the secondary market reached the highest monthly level after 2022. On the supply side, after 8 consecutive months of decline, the area of issued permits rebounded sharply and reached the highest monthly level after 2021. Primary market price continued to increase at a moderate pace, while secondary market price declined slightly, indicating stabilization after April’s sharp increase.
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According to the Ministry of Agriculture, Karumidze brings extensive experience in executive management and foreign relations. Between 2020 and 2024, he served as Deputy Chairman and subsequently First Deputy Chairman of the Parliamentary European Integration Committee. He was also a member of the Foreign Relations Committee.“Levan Karumidze possesses long-standing experience in executive leadership within the public sector. He previously served as Deputy Head of the Department of the National Security Council of Georgia and worked within the Administration of the Government of Georgia managing international media relations. Furthermore, he held leadership positions across various public law entities under the Ministry of Education and Science.Levan Karumidze’s professional background will support the Agency’s effective operation, raise the global profile and international promotion of Georgian gastronomy, foster the development of gastronomic heritage, and strengthen co-operation with international partners, which, in turn, will bolster Georgia’s positioning as a nation with a distinguished culinary culture.It is worth noting that the Public Law Legal Entity National Gastronomy Agency under the Ministry of Environmental Protection and Agriculture was established pursuant to a Georgian Government decree dated July 20, 2026. The Agency’s goal is to protect, develop, promote, and elevate the international profile of the country’s gastronomic heritage, as well as to formulate and implement a unified state policy and strategy in the field of gastronomy,” the Ministry stated.
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According to the information available to us, these individuals offer citizens alleged assistance in settling loan obligations supposedly owed to the NBG, as well as in carrying out other similar financial operations. In one particular case, a citizen was informed that potential unauthorized access to their personal banking data and an attempted loan activation had been detected. To supposedly verify this, the individual was instructed to log in to their internet and/or mobile banking account using their credentials.During these communications, users are also asked to provide the login credentials required to access their internet and/or mobile banking accounts, including their username and password, as well as other personal and financial information.Please note that if such information is disclosed, fraudsters may gain access to your bank accounts, creating a risk of unauthorized transactions and resulting in financial loss or damage.The National Bank of Georgia urges citizens to exercise particular caution and vigilance. Do not disclose your personal or financial information, including the username and password required to access your internet and/or mobile banking accounts. Furthermore, do not enter such information into suspicious links sent by unknown individuals, and do not attempt to carry out banking or payment card transactions through them. If you encounter such a situation, please contact the relevant law enforcement authorities.We remind you that, as part of its efforts to protect the rights of financial sector consumers, the National Bank of Georgia periodically publishes warning and educational information on commonly used financial fraud schemes. Relevant materials are available on the official website of the National Bank of Georgia and its financial education website.
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The new platform aims to further enhance access to economic information, strengthen transparency, and expand data analysis capabilities.The Economic Data Portal brings together key statistical data on the Georgian economy in a single, integrated space. It enables users to easily find relevant time series, select the desired data frequency, level of aggregation, and rate of change, and download the results in a convenient format.The Interactive Analytical Report on CPI Inflation is a modern analytical tool that enables users to examine inflation dynamics, its main components, and price-change trends in depth. The report allows data to be displayed at the selected frequency and rate of change through interactive charts and tables.The new tools will significantly simplify the process of finding, processing, and interpreting economic data. They will also support the development of data-driven research and analysis and help the public make more informed decisions.The presentation of the Analytical Platform was attended by representatives from commercial banks, international financial institutions, research organizations, academia, and other interested stakeholders. During the event, participants were introduced to the functionality and capabilities of the new tools, as well as practical examples of their use.
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GeoStat reported that significant positive contributions to growth in June 2026, compared to the same period last year, were made by sectors including manufacturing, transportation and storage, construction, information and communication, and financial and insurance activities.Conversely, a declining trend was observed in the mining and quarrying and energy sectors.
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