Bayraktar added that the agreement includes the supply of 2.25 billion cubic meters of natural gas per year from the Absheron field in the Caspian Sea for a period of 15 years.The contract is set to take effect in 2029 and will remain in force until 2040.According to Bayraktar, the natural gas will be delivered to Turkey via the Baku–Tbilisi–Erzurum pipeline.In addition, Turkey has extended its gas supply contract with Russian Gazprom and previously announced plans to increase natural gas imports from the United States.
1767702509
In detail:• The residential segment index increased by 0.9 percent compared to the previous month and by 7.9 percent compared to the same month of the previous year• The non-residential segment index increased by 1.7 percent compared to the previous month and by 10.7 percent compared to the same month of the previous year• The civil segment index decreased by 0.4 percent compared to the previous month and increased by 0.9 percent compared to the same month of the previous yearIn November 2025 the Construction Cost Index (CCI) increased by 0.5 percent compared to the previous month. The change was mainly due to a 1.3 percent increase in average monthly nominal wages of employees in the construction sector, which contributed 0.43 percentage points to the total index change.Compared to November 2024 the CCI increased by 5.2 percent. The latter was largely caused by the 21.0 percent increase in average monthly nominal wages of employees in the construction sector and by the 4.8 percent increase in the category of other costs, which contributed 5.02 and 0.3 percentage points to the total index change, respectively.Along with this, the Construction Cost Index posted a 25.8 percent increase compared to February 2022.
1767702373
Other members of the commission include: Mariam Kvrivishvili, Minister of Economy and Sustainable Development Davit Songulashvili, Minister of Environmental Protection and Agriculture Lasha Khutsishvili, Minister of Finance Mikheil Sarjveladze, Minister for Internally Displaced Persons from the Occupied Territories, Labor, Health, and Social Affairs Mamuka Mdinadze, Head of the State Security Service Levan Zhorzholiani, Head of the Government Administration Irakli Lekvinadze, Chairman of the Competition and Consumer Protection Agency On December 24, 2025, Kobakhidze stated that the price difference between Georgian and European food products is significant. He argued that this gap is largely caused by the high markups of distribution companies and supermarkets, which average 86% from border to shelf.At that time, Kobakhidze called on law enforcement agencies to investigate food prices and determine whether there are any signs of criminal activity. He also requested the parliament to establish a parliamentary commission to review the issue. In response, the State Security Service announced that it had begun examining food price-related matters.Previously, in February 2023, former Prime Minister Irakli Garibashvili, who has been accused of corruption, stated that in order to regulate food prices, rules on margins for importers and retailers would be established.Since retail sector regulations in Georgia are not harmonized with European standards, the Ministry of Economy, under Garibashvili’s direction, prepared a draft law on fair trade to regulate retail rules.Garibashvili explained the situation as follows:“The picture that emerged is this – importers’ markups in some cases have increased by 100%, which is unacceptable. This issue needs to be regulated.”Following his instructions, the National Competition Agency studied the market for seven staple products (rice, buckwheat, pasta, sugar, salt, oil, butter). The agency concluded that while import-level markups were indeed high, no cartel agreements or legal violations were officially confirmed. The agency issued only recommendations to businesses.
1767702270
According to the National Bank of Georgia’s interactive statistics, as of December 1, 2025, annual growth reached 11%, compared to just under 10% in the same period last year.The share of problematic mortgages has decreased. The non-performing loan ratio stands at 1.2% in GEL (last year: 1.5%), 1.6% in USD (L/Y – 2%), and in EUR-denominated housing loans for purchase or renovation, the share of non-performing loans fell by 0.3 percentage points.As of December 1, 2025, banks’ mortgage portfolios total GEL 13.2 billion, of which 31% are in foreign currency.
1767702150
According to Galt & Taggart, the bond’s current Z-spread stands at 196.9 bps. The improvement in position is linked to the shortening of its remaining maturity. The 5-year bonds will mature in April 2026, and discussions with potential investors are already underway. The President of the National Bank and the Minister of Finance met with representatives of around 15 investment firms.Meanwhile, Georgia Railway’s (GR) Eurobond (GRAIL), listed in London, traded last week at 94.4 with a 6.58% yield. As previously noted, GR’s $500 million bonds, issued on the London Stock Exchange in 2012 with a 10-year maturity and a 7.75% coupon, were redeemed early in 2021 with 7-year green Eurobonds carrying a 4% coupon.
1767701998
TBC Bank Group (TBCG LN) shares closed at GBP 39.80, down 0.87% week-on-week and 3.16% month-on-month. Over 152,000 shares changed hands within a range of GBP 39.65–40.95. The average daily traded volume over the last four weeks was 59,000 shares, representing 0.27% of TBCG’s market capitalization.Georgia Capital (CGEO LN) shares closed at GBP 30.90, gaining 1.64% week-on-week and 8.04% month-on-month. More than 154,000 shares traded in the range of GBP 30.30–31.50. The average daily traded volume over the past four weeks was 45,000, equivalent to 0.44% of CGEO’s market capitalization.Overall, while BGEO and CGEO posted weekly and monthly gains, TBCG was the only Georgian stock on the London Stock Exchange showing a decline both weekly and monthly. Trading activity remained moderate across all three companies relative to their market capitalizations.
1767614547













