Economics

Georgian Hazelnut export prices surge by 39%

According to the Ministry of Agriculture, this represents a 36% increase in export value compared to the same period last year, or an additional USD 6.6 million. The average export price per kilogram rose by 39%, reaching USD 8.46.The European Union remains Georgia’s primary export market, with Italy receiving the largest volume at 1,000 tonnes. Other key EU partners include Germany (302.1 tonnes), Spain (197.0 tonnes), and the Czech Republic (119.4 tonnes).Beyond the EU, Georgian hazelnuts were also exported to Armenia (119.7 tonnes), Russia (117.5 tonnes), Turkiye (111.2 tonnes), and various other markets.

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Georgia’s 2026 State Budget to Reach 35.5 Billion GEL, Focus on Social...

Key Macroeconomic Assumptions Real economic growth: 5.0% (medium-term forecast: 5.3%) Nominal GDP: 110.5 billion GEL, with per capita GDP exceeding $10,900 Budget revenues: 26.8 billion GEL (24.2% of GDP) Budget deficit: 2.5% of GDP Government debt: 35% of GDP By 2029, nominal GDP is expected to reach 140.9 billion GEL, exceeding $13,900 per capita.Social Spending PrioritiesSocial programs account for 7.0 billion GEL of the budget, with notable allocations including: Pensions: Pensioners aged 70+ will receive 495 GEL (594 GEL in mountainous settlements) Pensioners under 70 will receive 370 GEL (444 GEL in mountainous settlements) Disability benefits: increase of 45 GEL for those under 18, and 20 GEL for other categories Healthcare: 2.1 billion GEL, including a 10% salary increase for primary healthcare personnel Housing for displaced persons: 240 million GEL Education, Culture, and Sports Education and science: 3.4 billion GEL 1.7 billion GEL for public school financing 500+ million GEL for construction and rehabilitation of schools 110 million GEL for kindergartens Culture and sports: 1.05 billion GEL, with 615 million GEL funded through the state budget Defense and Security Ministry of Defense, Ministry of Internal Affairs, and security services: 3.5 billion GEL Includes a 10% salary increase for police officers and soldiers Defense infrastructure development: 445 million GEL Infrastructure and Development Total infrastructure funding: 7.6 billion GEL, including: 1.2 billion GEL for roads and expressways (681 million GEL for expressway construction) 2.6 billion GEL for municipal infrastructure 570+ million GEL for water supply and sewage systems 820 million GEL for educational infrastructure 150 million GEL for tourism infrastructure 200 million GEL for sports infrastructure Other Allocations Small and medium-sized business promotion: 270 million GEL Agriculture programs: 660 million GEL Environmental protection: 210 million GEL Public servant salaries: 10% increase in budgetary organization remuneration The budget will now be discussed in Parliament, where proposals and feedback will be incorporated, with final approval expected in December 2025.

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Georgia's economy up by 6.6% in August

In August 2025, compared to the same period of the previous year, the estimated real growth in the following activities contributed significantly: Information and communication, Financial and insurance activities, Professional, scientific and technical activities, Energy sector and Trade.Declines were observed in the Construction and Manufacturing sectors.

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Georgia's gas consumption increased by 5% in 7 months

Production in the reporting period was still small, 6.76 million m³ (22% less y.y).Taking into account imports and production, domestic supply amounted to 1.79 billion m³, up 5% (y.y).The indicator of gas supplied to the domestic market also includes the volume of gas supplied to thermal power plants. In particular, gas consumption for electricity generation in 7M amounted to 220.4 million m³, which is a decrease of 17.2% year-on-year. Accordingly, the volume of electric energy generated by thermal power plants also decreased by 17.4% in the reporting period and amounted to 1,027.4 GWh.

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A total of 25,636 apartments were sold in Tbilisi in 8 months

Demand in Aug-25, total number of sold apartments in Tbilisi, according to the Public Registry data, stood at 2,858 units, of which:• Sales on the secondary market declined slightly by 0.3% y/y (down 0.3% y/y in 8M25).• Sales on the primary market, where data are impacted by delayed registrations, decreased by 17.8% y/y (up 1.8% y/y in 8M25).According to the survey of developers, which captures current trends on the primary market, showed 12.2% y/y decrease in Aug-25, mostly due to last year’s high base. Cumulatively, primary market sales were up 0.5% y/y in 8M25 according to this surveyIn total, 25,636 transactions were registered in Tbilisi in 8M25, bringing the residential market value to USD 2bn (+5.2% y/y).SupplyIn Aug-25, construction permits were issued for 22 residential projects, with total living area reaching 145,928 sq.m. (+6.9% y/y). Overall, permit issuance in 8M25 was up 3.3% y/y.PricesIn Aug-25, primary market price continued to grow with a slow rate, up by 0.1% m/m to US$ 1,341 per sq.m.. Likewise, the average price on the secondary market (for new buildings built with permits issued after 2013) was up by 2.8% m/m to US$ 1,299 per sq.m..RentsIn Aug-25, price for renting an average apartment (50

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TBC Capital Evaluates Georgia’s Transport and Warehousing Sector

In 2024, the sector grew by 9%, contributing 5.9% to the country’s GDP. Growth has been driven largely by intensifying trade flows between Europe, the Caspian region, Central Asia, and China, positioning Georgia as a key transit hub in the region.Cargo turnover has been steadily increasing since 2015, with a compound annual growth rate (CAGR) of 5% between 2015-2024. Looking ahead, TBC Capital forecasts that cargo turnover will expand at a slightly faster pace of 5.5% CAGR between 2025-2028, reflecting stronger domestic demand, export activity, and enhanced trade with Central Asia.This surge in transportation has also boosted demand in the warehousing sector. Current warehouse capacity in Georgia stands at 2.2 million sq. m., 90% of which is dry storage and 10% refrigerated. Ownership dominates the market, with 67% of warehouses used directly by owners and 33% leased. Rental rates range from $3–6 per sq. m., with Class A facilities reaching $7–8 per sq. m.TBC Capital projects that demand for warehousing services will increase by an average of 9% annually between 2025-2028, fueled by both local and transit cargo growth.The study also highlights the Middle Corridor, which connects Europe and Central Asia through Georgia. While the corridor’s importance has grown amid geopolitical shifts, it remains less competitive than alternatives due to infrastructure limitations and administrative hurdles. However, upcoming infrastructure projects are expected to double the corridor’s throughput from 6 to 12 million tons, with forecasts suggesting that by 2030, regional economic growth will fully absorb its capacity.In addition, the Zangezur Corridor has emerged as a potential alternative transit route. Although its impact is expected to be limited in the short term, in the medium term, it could divert part of the Azerbaijan-Turkey and Turkey-Central Asia cargo flows currently passing through Georgia.

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Georgia to host first international Tbilisi Finance Summit as part of...

Organised jointly by the National Bank, the Ministry of Economy and Sustainable Development, and the Singapore-based Global Finance and Technology Network (GFTN), the summit will feature leaders from the fintech and financial sectors, representatives of major companies, and experts invited from around the world.Scheduled for October 22-23, the two-day event will include a series of sessions and panel discussions.The summit’s primary focus will be on the future of financial technologies, the development of the region’s innovative infrastructure, and the Middle Corridor as a key hub for global trade and digital finance. Bilateral business meetings among participating companies from various sectors are also planned.The Tbilisi Finance Summit is part of GFTN’s series of events, with Georgia chosen as its host. This positions Georgia within the network’s strategic goal to establish the country as the main link in the Middle Corridor connecting Europe and Asia. Originating in Singapore, GFTN has a proven track record of success across Asia and Europe, and this summit signifies Georgia’s pivotal role in its development, the National Bank stated.The NBG also clarified that pre-registration is mandatory for all participants and media representatives wishing to attend the summit.

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Domestic Producer Price Index for Industrial Products up by 0.6% m-o-m

Compared to August 2024, the DPPI increased by 4.2 percent.The prices for mining and quarrying decreased by 2.5 percent and for manufactured products prices increased by 3.2 percent, for electricity, gas, steam and air conditioning by 11.2 percent and the prices for water supply, sewerage, waste management and remediation services remained unchanged.

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The external merchandise trade was 8.8% higher year-on-year in 8M25

In January-August 2025 the share of the top ten trading partners by exports in the total exports of Georgia amounted to 79.8 percent. The top partners were Kyrgyzstan (USD 943.1 million), Kazakhstan (USD 572.9 million) and Russia (USD 480.7 million).In January-August 2025 the share of the top ten trading partners by imports in the total imports of Georgia amounted to 71.3 percent. The top partners were USA (USD 1 801.0 million), Türkiye (USD 1 779.8 million) and China (USD 1 225.1 million).In January-August 2025 the share of the top ten trading partners in the total external trade turnover of Georgia amounted to 68.7 percent. The top trading partners were Türkiye (USD 1 989.7 million), USA (USD 1 863.5 million) and Russia (USD 1 705.5 million).In January-August 2025 motor cars claimed the first place in the list of top export items, equaling USD 1 728.3 million with 38.9 percent of total exports. The exports of precious metal ores and concentrates totaled USD 239.1 million and their share in the total exports amounted to 5.4 percent. The exports of spirituous beverages occupied the third place standing at USD 172.0 million and constituting 3.9 percent of the total exports.The top import commodities in January-August 2025 were motor cars, whose imports equaled USD 2 422.6 million (20.5 percent of the total imports). The petroleum and petroleum oils followed in the list with USD 846.1 million (7.2 percent of imports). The paintings, drawings and pastels (executed entirely by hand) were third in the top import commodity list with USD 481.4 million (4.1 percent of imports).

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Exports of Georgia are 6.7% higher year-on-year

In January-August 2025 the share of the top ten trading partners by domestic exports in the total domestic exports of Georgia amounted to 71.1 %. The top partners were Russia (USD 450.1 million), Türkiye (USD 185.6 million) and China (USD 177.9 million).In January-August 2025 precious metal ores and concentrates claimed the first place in the list of top domestic export items, equaling USD 239.1 million, or 11.9% of total domestic exports. The domestic exports wine of fresh grapes totaled USD 164.9 million and their share in the total domestic exports amounted to 8.2%. The domestic exports of spirituous beverages occupied the third place, standing at USD 142.1 million and constituting 7.1% of the total domestic exports.

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30 Years of the Lari: Georgia’s National Currency Marks An Anniversary

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ADB Forecasts Georgia's GDP To Grow By 7% In 2025

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The Wine Palate: “Georgian Wines Enter the Global Arena”

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Georgia’s 2026 State Budget to Reach 35.5 Billion GEL, Focus on Social...

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TBC Capital Evaluates Georgia’s Transport and Warehousing Sector

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Politics

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Gakharia and Lelo: Our alliance shows that different identity parties...

According to the statement, this memorandum has proved an excellent example of how two parties with different identities can achieve task-oriented collaboration.“This partnership is founded on equality, responsibility and coordination, which places the interests of Tbilisi’s and Georgia’s population above party interests. We have reached a particularly noteworthy agreement in Tbilisi, where we have presented agreed candidates for the mayoralty and city council chairmanship.The mayoral candidate, Irakli Kupradze, is a young, conscientious politician with an unblemished past and reputation, who has always stood on the front lines in struggles against various regimes. We are confident that Irakli, together with our joint team, will be a worthy, conscientious mayor of Tbilisi, whose primary concern will be improving the lives of each Tbilisi resident.The candidate for city council (Sakrebulo) chairman, Giorgi Sharashidze, is an experienced professional who has always stood and continues to stand as a guardian of Tbilisi’s interests through his principled approach.This memorandum has proved an excellent example of how two parties with different identities can achieve task-oriented collaboration,” reads the joint statement from Gakharia for Georgia and Lelo parties.

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MFA summons British Ambassador Gareth Ward

His summons followed that of German Ambassador Peter Fischer, who was called to the ministry a day earlier, on September 24.According to the Foreign Ministry, Fischer was reminded of the Vienna Convention, with Georgian officials stressing that an ambassador should not interfere in the internal politics of a host state. The ministry also expressed concern about what it described as “attempts to promote a radical agenda.”Following the meeting, Fischer firmly rejected the accusations. Writing on social media, he stated that the responsibility for the deterioration of German-Georgian relations lies with the Georgian government and ruling party representatives, whom he accused of blocking Georgia’s European integration process.“I rebuffed the groundless attacks against me in detail, and I blamed the government and representatives of the Georgian Dream for the new low point in German-Georgian relations. Their actions and rhetoric caused this, and they are blocking the path leading to the European Union. They did not want to listen. I am not a radical. Germany remains a friend of Georgia,” he wrote.,” Fischer wrote.Diplomatic history underscores the significance of these developments. Since the establishment of relations with Germany in April 1992 and with the United Kingdom later that same month, this marks the first time ambassadors from both countries have been formally summoned by the Georgian Foreign Ministry.

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Council of Europe Delegation to Visit Georgia on 24–25 September for F...

The delegation will be led by Bernd Föringer (Germany, EPP/CCE), President of the Chamber of Local Self-Government, and Stewart Dixon (United Kingdom, ILDG), the Congress’s spokesperson on the observation of local and regional elections. Expert Professor Tanya Gropp will accompany them.During the two-day visit, the delegation will hold meetings with the Chairman of the Central Election Commission, the First Deputy Public Defender, and the First Deputy Chairman of the Georgian Dream Committee on Regional Policy and Self-Government.They will also exchange views with Georgia’s National Delegation to the Congress, the National Association of Local Self-Government, as well as representatives of political parties, NGOs, and the media.The Council of Europe underlined that the visit should not be interpreted as an endorsement of the legitimacy or political positions of those involved in the discussions.

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27 embassies reject damaging accusations about activities of some dipl...

The statement reads that disinformation misleads the public and undermines diplomatic missions.“We firmly reject the baseless and damaging accusations about the role and activities of some diplomatic missions in Georgia. Such disinformation misleads the public and undermines the possibility for our diplomatic missions to carry out our duties.For diplomats, meeting a broad range of actors – government, opposition, civil society and citizens at large – is a normal part of diplomatic work, and fully consistent with the Vienna Convention. We do not support any particular political party, and claims that we support violence and extremism are simply not true. As a matter of fact, we appeal to all actors to reject and condemn any form of violence.We urge all political leaders to refrain from divisive rhetoric and to work towards the de-escalation of tensions,” reads the statement by twenty-seven diplomatic missions.

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Irakli Beraia appointed as Georgia’s representative to NATO

Mr Beraia previously served as Deputy Head of Georgia’s State Security Service and as Head of the Intelligence Service. He has also chaired the Defence and Security Committee and the Foreign Relations Committee within the Georgian Parliament. Additionally, he led the Georgian parliamentary delegation to the NATO Parliamentary Assembly.Beyond his parliamentary roles, Beraia has held key positions in the government, including Director of the National Investment Agency under the Ministry of Economy and Sustainable Development, and Director of the Reforms and Development Agency within the Ministry of Internal Affairs.