GE EN
Other news
Price Of Newly-Built Flats In Tbilisi Up By 10% In Tbilisi In November

In November 2024 the number of transactions in new projects in Tbilisi increased by 17%. While the figure for old flats features a 7% decrease compared to November 2023.As of November 2024 in Tbilisi the weighted average price of old flats has increased by 5% in the suburbs, in the city centre and wide centre 17% and 18% increase was witnessed.As of November 2024 the weighted average price of newly-built flats in Tbilisi has increased by 10% in the suburbs, in the city centre and wide centre 6% and 5% increase was witnessed.

1734683456

Number of transactions of residential flats in Batumi has increased by...

In November 2024 the weighted average price of newly-built flats in Batumi increased by 6% equaling USD 1,097 per sq m, while the figure for old flats recorded a 2% decrease to USD 975 per sq m.In November 2024, the number of transactions of newly-built flats in Batumi has increased by 49% year over year, while a 23% YoY decrease rate has been observed in the case of old flats.In October 2024, the number of transactions of newly-built flats in Batumi has increased by 23% year over year, while a 27% YoY decrease rate has been observed in the case of old flats.

1734683323

Liberty To Issue USD 5 million Foreign Exchange Bonds

The annual interest rate is 13.5%, set at 20:00 Tbilisi time and 11:00 Washington time on Friday, with a 5-year SOFR swap rate.After 5 years (if the issuer does not redeem the bonds before that time), the yield will be adjusted at the rate at that time (9.6070% +X=Y).

1734683138

Producer Price Index for Industrial Products up by 6.6% In November Y-...

The prices for mining and quarrying decreased by 1.4 percent compared to October 2024, resulting in a -0.09 percentage point contribution to the overall monthly PPI change. In the same period, the prices for manufactured products increased by 0.4 percent, contributing 0.33 percentage points to the monthly index change.Within the group, a noteworthy price increase was registered for food products (0.8 percent) and beverages (2.0 percent). Besides, the prices increased for electricity, gas, steam and air conditioning by 2.0 percent, contributing 0.22 percentage points to the monthly index change.The annual PPI rate was mainly affected by price changes for the following products:• Mining and quarrying: the prices were 23.7 percent higher, contributing 1.38 percentage points to the overall annual index change. Within the group, the prices were higher for the subgroup of metal ores (27.9 percent);• Manufactured products: the prices increased by 4.7 percent, contributing 3.85 percentage points to the overall annual index increase. There was a notable increase in the prices for the following subgroups: food products (6.6 percent) and beverages (7.3 percent);• Electricity, gas, steam and air conditioning: the annual price increase amounted to 10.8 percent, which contributed 1.17 percentage points to the annual index change;• Water supply, sewerage, waste management and remediation services: the annual price increase amounted to 10.3 percent, which contributed 0.24 percentage points to the annual index growth.

1734682792

Most of the cars are ensured by TBC

Compared to last year, the number of policies issued for land transport insurance has increased by more than 10% (L/Y – 122,360, +10.3%Y.Y).Only 7% of registered cars in Georgia are insured. Over the 14-year period, there has been an increase of only 1%. The coefficient for the same period in 2020 is - 6%.Insurance has become more expensive. For 9M2024, the premium attracted by land transport insurance is 192 million GEL, (9m2023 – 153.4, +41% Y.Y).With 47.3 million GEL and a 25% share, the market leader is TBC. Aldagi is in 2nd position - with 43.3 million GEL of attracted premiums (23%), 3rd is "GPI" - 25.9 million GEL (13%).

1734599929

GPI is the market leader

Compared to last year, the number of policies issued for land transport insurance has increased by 3.4% (L/Y - 725 710; +3.4%Y.Y).20% of the population benefits from medical insurance. Since 2020, the increase has been only 4 percentage points.6% of vehicles is registered in Georgia are insured.For 9M2024, the premium attracted by medical insurance amounted to 428 million GEL in total (19 companies).24% of the market (attracted premium 103 million) is controlled by GPI. 20% (83.1 million) of Imedi L and 16% (69.2 million) of Ardi.

1734599733