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Economics
Difference between the number of live births and the number of deaths...

In the first half of 2025, the natural increase (the difference between the number of live births and the number of deaths) totaled -4,999. The positive natural increase was registered in Tbilisi (406) and Adjara A.R. (296).In the first 6 months of 2025, the number of registered marriages equaled 9,925 and the number of divorces 6,456.

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Up to 24,000 tonnes of grapes processed in Kakheti region - Agricultur...

Currently, the harvest is being stored in the municipalities of Dedoplistskaro, Sighnaghi, Gurjaani, and Kvareli. More than 1,300 winegrowers have delivered their grapes to local wineries.“The vintage, grape harvest, will commence in stages across the remaining municipalities of Kakheti once the grapes reach optimal maturity. Of the grapes processed by wineries, approximately 12,000 tonnes are Saperavi, around 7,000 tonnes are Rkatsiteli, with the remainder comprising various other varieties. There are up to 350 registered wine companies and cellars working with the Vintage 2025 Coordination Headquarters, of which 110 are already actively involved in the harvest and processing. For any information related to the grape harvest, please contact the Ministry of Environmental Protection and Agriculture hotline on 1501, or the Vintage 2025 Coordination Headquarters on 0322 193 283,” the Ministry stated.Additionally, by decision of the Georgian government, this year the state enterprise Crop Management Company LLC will accept surplus grapes at differentiated prices based on certain criteria: Saperavi grapes from Kakheti will be purchased at GEL 1.50 per kilogram, other wine varieties permitted under Georgia’s Law “On Vine and Wine” at GEL 1.20, and substandard, damaged, or diseased grapes at GEL 1.00. Subsidies will no longer be provided to private wine companies within Kakheti.

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3,647 Apartments Were Sold In Tbilisi In July

The primary market also saw its highest sales volume this year, partly driven by discounts offered in July. These trends indicate a stabilization of the market after a period of sluggish demand. On the supply side, the volume of permits issued increased in July. At the same time, prices continued to rise in both the primary and secondary markets.DemandIn Jul-25, total number of sold apartments in Tbilisi, according to the Public Registry data, stood at 3,647 units, of which:• Sales on the secondary market continued to increase, up 13.4% y/y (down 0.3% y/y in 7M25).• Sales on the primary market, where data are impacted by delayed registrations, decreased by 2.6% y/y (up 4.7% y/y in 7M25).G&T real-time survey of developers, which captures current trends on the primary market, showed 7.3% y/y decrease in Jul-25, mostly due to a high base in Jul-24. However, positive monthly dynamics of apartment sales seems to be a sign of demand stabilization. Cumulatively, primary market sales were up 1.6% y/y in 7M25.In total, 22,778 transactions were registered in Tbilisi in 7M25, bringing the residential market value to USD 1.8bn (+6.0% y/y).SupplyIn Jul-25, construction permits were issued for 20 residential projects, with total living area reaching 113,332 sq.m. (+36.1% y/y, reflecting a low base in the previous year). Overall, permit issuance in 7M25 was up 2.8% y/y.PricesIn Jul-25, primary market price continued to grow, up by 0.2% m/m to US$ 1,340. Likewise, the average price on the secondary market (for new buildings built with permits issued after 2013) was up by 0.6% m/m to US$ 1,263.RentsIn Jul-25, price for renting an average apartment (50-60 sq.m.) in Tbilisi increased by 1.0% m/m to US$ 9.5 per sq.m., still down 3.1% y/y.

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Economy Minister: GEL 700 MLN saved through state enterprise optimizat...

According to Kvrivishvili, the optimization plan has generated budget savings of 700 million GEL through large-scale personnel reductions, decreased procurement and service costs, and more targeted spending on specific projects.“It is very important that this amount will be fully reinvested into strengthening and rehabilitating enterprises, as well as implementing targeted projects,” the minister stated.Kvrivishvili emphasized that the reform will have a significant impact on Georgia’s economy by supporting sectoral development and enterprise growth.“We are also moving forward with the next stages of optimization and preparing new strategies for sectoral and enterprise recovery. The public will be informed about the progress very soon,” she added.

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Georgia Aims to Boost Energy Transit Capacity, Strengthen Regional Coo...

“Georgia remains a regional energy center, and we intend to increase our transit potential to new levels. Together with neighboring countries, we will continue to strengthen partnerships and introduce new technologies to maintain our role as a reliable energy center,” Pkhaladze said.The Deputy Minister highlighted the Black Sea Submarine Cable project, which aims to connect the South Caucasus and the Black Sea region to the European energy market. She emphasized that addressing challenges such as energy security, renewable integration, and grid reliability requires regional cooperation and knowledge sharing.“Energy is not only a foundation for economic growth but also a pillar of national security and regional collaboration, particularly in green energy, which supplies the majority of Georgia’s electricity. Our policy continues to create a favorable investment environment for green energy, while simultaneously addressing the challenges of network reliability, security, and stability,” Pkhaladze added.The forum welcomed transmission system operators from countries including Denmark, Turkey, Azerbaijan, Armenia, Moldova, and Romania, as well as Canadian energy companies PSCAD and RTDS Technologies, experts from the International Council for Large Electrical Systems (CIGRE), and representatives from Schweitzer Engineering Laboratories (SEL), Batumi Maritime Academy, and Georgian universities.The event underscores Georgia’s commitment to strengthening domestic energy infrastructure while enhancing regional energy integration and fostering investment in sustainable energy projects.

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Construction Cost Index Increased By 5.6% in July

In detail:• The residential segment index increased by 1.6 percent compared to the previous month and by 7.8 percent compared to the same month of the previous year;• The non-residential segment index decreased by 3.0 percent compared to the previous month and increased by 6.7 percent compared to the same month of the previous year;• The civil segment index increased by 0.5 percent compared to the previous month and by 3 percent compared to the same month of the previous year.In July 2025 the Construction Cost Index (CCI) increased by 0.4 percent compared to the previous month. The change was mainly due to a 4.5 percent increase in average monthly nominal wages of employees in the construction sector, which contributed 0.73 percentage points to the total index change.Compared to July 2024 the CCI increased by 5.6 percent. The latter was largely caused by the 22.5 percent increase in average monthly nominal wages of employees in the construction sector and by the 1.5 percent increase in the prices of construction materials, which contributed 4.53 and 0.92 percentage points to the total index change, respectively. Along with this, the Construction Cost Index posted a 25.0 percent increase compared to February 2022.

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92% of households use the Internet

According to the survey results, 87.9% of the population aged 6 years and older has used the internet within the last 3 months, an increase of 3.2 percentage points compared to the previous year. The percentage of this indicator equals to 91.6 % in urban and 81.8% in rural areas. This indicator is 88.2% for women and 87.6% for men. Among different age groups, the indicator is highest in the 15-29 age group, at 99%.Among the population aged 15 years and older who have used the internet within the last 3 months, 95.4% use the internet every day or almost every day, 4.3% use it at least once a week (but not every day), and 0.4% use it less frequently (less than once a week).According to the survey results, among the population aged 15 years and older who used internet within the last 3 months, the main reasons for internet use are: telephoning over the internet/video calls over the internet (97.2%), participating in social networks (96.0%), internet banking (55.7%), seeking health-related information (52.1%), finding information about goods and services (47.7%), reading online news/newspapers/magazines (45.3%), sending/receiving e-mails (38.5%), downloading software or applications (other than games software) (13.7%) and looking for a job or sending/submitting a job application (11.0%).Among the population aged 15 years and older who have used internet within the last 12 months, 37.4% have purchased or ordered goods or services. This figure varies by type of settlement: 43.4% in urban areas and 26.1% in rural areas. By gender, the values are 41% for women and 33.3% for men. The figures also vary by age groups: 61.1% for those aged 15-29, 38.3% for those aged 30-59, and 15.3% for 60 years and older.Among internet users aged 15 years and older who have used the internet within the last 3 months, 99.5 percent have used a mobile device (mobile phone, laptop, tablet, etc.) to connect to the wireless Internet. This indicator is 99.6 percent for women and 99.5 percent for men.According to the survey results, 58.8 percent of households have a computer. This indicator is 67.2% in urban areas and 47.2% in rural areas. Among the regions, the highest values are observed in Tbilisi and Adjara, at 70.9% and 69%, respectively.Among the population aged 6 years and older, 49.5 percent have used a computer in the last 3 months. The indicator varies by type of settlement, with 58.2% in urban and 34.9 % in rural areas. By gender, the indicator is 49.5% for women and 49.4% for men. Among age groups, the highest share of computer users is found in the 6-14 age group, at 87.6%.Among the population aged 15 years and older who used computer within the last 3 months, 71.4% use a computer every day or almost every day, 19.9% use it at least once a week and 8.7% use it less frequently (less than once a week).According to the survey results, 92.7 percent of the population aged 6 years and older own a mobile phone, an increase of 1.9 percentage points from the previous year. This indicator increased by 1.5 percentage points in urban and by 2.4 percentage points in rural areas, reaching 94.8% and 89.1%, respectively.

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Aannual Inflation Rate Accelerated To 4.6% In August

With regard to the annual core inflation, the prices increased by 3%, while the annual core inflation without tobacco amounted to 2.8%.The annual inflation rate was mainly influenced by price changes for the following groups:Food and non-alcoholic beverages: the prices in the group increased by 10.0 percent, contributing 3.35 percentage points to the overall annual inflation rate. Within the group the prices increased for the followingsubgroups: fruit and grapes (15.3 percent), oils and fats (14.8 percent), coffee, tea and cocoa (13.1 percent), milk, cheese and eggs (11.8 percent), fish (10.8 percent), vegetables (10.8 percent), sugar, jam, honey, chocolate and confectionery (10.2 percent), bread and cereals (9.4 percent), mineral waters, soft drinks, fruit and vegetable juices (8.4 percent), meat (3.2 percent);Health: the prices increased by 9.3 percent, contributing 0.78 percentage points to the overall index. The prices were higher for the following subgroups: out-patient services (10.8 percent), hospital services (9.2 percent), medical products, appliances and equipment (7.9 percent);Alcoholic beverages and tobacco: the prices increased by 4.7 percent, with the relevant contribution of 0.3 percentage points to the overall annual inflation rate. The prices increased for both tobacco (5.5 percent) and alcoholic beverages (4.0 percent);Transport: the prices for the group decreased by 2.4 percent, contributing -0.31 percentage points to the overall index. Within the group the prices decreased for operation of personal transport equipment (-3.9 percent). At the same time, prices increased for purchase of vehicles (0.5 percent) and transport services (0.3 percent).

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Number of hotels rises 7%

In the reporting period majority of hotels and hotel-type enterprises operated in Tbilisi (22.5 percent) and Adjara A/R (20.5 percent). The chart №1 shows the distribution of the number of hotels by regions.In 2024, the most common organizational and legal form among economic entities engaged in hotel services was the “individual entrepreneur,” accounting for 62.9% of all hotels and hotel-type establishments in operation that year.Hotels and hotel-type establishments were predominantly privately owned, with 99.8% in private ownership and 0.2% in state ownership.The total area of hotels and hotel-type establishments operating in Georgia in 2024 amounted to 3,610.5 thousand square meters, 2.4% more than in 2023. The residential area of rooms specifically reached 1,616.5 thousand square meters, up 4.1% compared to the previous year.According to GeoStat, the total number of beds in hotels and hotel-type establishments in 2024 was 113.5 thousand, 5.3% higher than in 2023. The total number of rooms increased by 2.1% compared to the previous year, reaching 51.2 thousand.In 2024, Georgian hotels and hotel-type establishments served 5.8 million guests, a 16.5% increase compared to the previous year. Foreign visitors accounted for 63.5% of all guests, with the majority being citizens of Israel (549.9 thousand, or 14.9% of total guests), representing a 57.4% increase over 2023. Citizens of the European Union—mostly from Germany (30.6% of EU guests) and Poland (20.8%)—made up 8.2% of all foreign guests.Most foreign guests visited Georgia for leisure and recreation (89.8%). Among these, the majority were citizens of Israel and the Russian Federation, accounting for 15.4% and 14.7%, respectively.In 2024, hotels and hotel-type establishments in Georgia employed 29,082 people, with women making up the majority (53.3%) of the workforce.

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Agricultural Products Pndex Decreased by 2%

Compared to the corresponding quarter of the previous year, the Unit Value Index of Agricultural Products increased by 12.8 percent. The latter was largely caused by the 20.1 percent increase in the unit value of live animals and animal products, which contributed 9.11 percentage points to the total index change. In the same period, the unit value of perennial crops went down by 10.6 percent and went up by 37.8 percent for non-perennial crops, with the relevant contribution of -4.11 and 7.82 percentage points to the total index change, respectively. The following table shows the Unit Value Index of Agricultural Products for the second quarter of 2025, compared to the previous quarter and the corresponding quarter of the preceding year, as well as the relevant contributions of the agricultural product groups to the change in the overall index:

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