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Economics
CCI Increased by 4.3% In October Y-O-Y

In detail: The residential segment index decreased by 0.02 percent compared to the previous month and increased by 6.1 percent compared to the same month of the previous year The non-residential segment index increased by 1.3 percent compared to the previous month and by 7.5 percent compared to the same month of the previous year The civil segment index increased by 0.3 percent compared to the previous month and by 1.4 percent compared to the same month of the previous year. In October 2025 the Construction Cost Index (CCI) increased by 0.3 percent compared to the previous month. The change was mainly due to a 1.7 percent increase in average monthly nominal wages of employees in the construction sector, which contributed 0.45 percentage points to the total index change. Compared to October 2024 the CCI increased by 4.3 percent.The latter was largely caused by the 16.2 percent increase in average monthly nominal wages of employees in the construction sector and by the 5.2 percent increase in the cost category of other costs, which contributed 4.03 and 0.32 percentage points to the total index change, respectively.Along with this, the Construction Cost Index posted a 25.2 percent increase compared to February 2022. The following table presents the CCI in October 2025, compared to the previous month and the same month of the previous year, as well as the contributions of cost categories and segments to the total index.

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Prices of newly built apartments in the suburbs of Tbilisi up by 11.8%...

Prices of newly built apartments in the wider center increased by 30.3% in the primary market, which is due to the delayed registration of transactions by developers, while the increase in the weighted average price of primary transactions across the city amounted to 17.4%. In the secondary market, the weighted average price across the city increased by 9.4%.In October 2025, the weighted average selling price of old apartments in Tbilisi increased by 13.8% compared to October 2024, with an increase of 9.8% in the suburbs, 8.7% in the wider center, and 9.7% in the city center.In addition, the number of residential apartment transactions in Tbilisi in October 2025 amounted to 4,178 units, an increase of 9% compared to October of the previous year. The market size increased by 25.2% to $336 million.

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New Apartment Sales in Batumi Increase by 15%

In October 2025, the weighted average price of newly built apartments in Batumi increased by 16.5% and amounted to 1,292 USD per sq m. The price increase was mainly influenced by the primary market, where the indicator increased by 28%, while an increase of 5.3% was recorded in the secondary market.In addition, in October of this year, apartments sold over the years (up to 125 transactions) were registered in two large projects, which led to an increase in the weighted average price. Without these transactions, the indicator in new projects increased by 9.4%. Note: Some transactions in the primary market are registered late, which is why the price growth trend does not reflect reality.In October 2025, the number of residential apartment transactions in Batumi increased by 14.2% compared to October of last year and amounted to 1,625 units, while the market size increased by 26.9% to USD 100 million.

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Implementation of the Black Sea submarine cable project is advisable

“When the Georgian-Romanian joint venture applied for the status of a Project of Mutual Interest (PMI), the European Energy Community expressed strong support for the Black Sea Submarine Cable project. This played a crucial role in subsequent decisions,” said Inga Pkhaladze.According to Pkhaladze, before the project was included on the list of Projects of Mutual Interest, a comprehensive technical and economic feasibility study was carried out, which confirmed that the realisation of the Black Sea Submarine Cable (BSSC) was both viable and advisable.She added that the process of studying the Black Sea bed is currently underway, focusing on geophysical and geotechnical surveys, which require specialised ships to operate within Black Sea waters.The Deputy Minister emphasised that bringing the Black Sea Submarine Cable project under European energy legislation would facilitate obtaining licences on highly favourable terms and accelerate development, a factor of great importance. Moreover, Inga Pkhaladze highlighted that this legal alignment will significantly aid in attracting investors to the project.“The total investment involved is approximately 3.5 billion euros. Accordingly, grant funding could range from 30 to 50 per cent, and in some cases up to 75 per cent. This represents substantial support. Serious European and Asian investors are already engaging and expressing strong interest in participating,” she concluded.

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Grape Price to be Set by Its Sugar Level

“The global wine market has experienced relatively low consumption; fierce competition and overproduction are prevalent worldwide. Consequently, we believe that the spontaneous vineyard cultivation observed over the past decade needs to be regulated. Our focus must be on the quality of the final product, wine. From the soil to exposure, location, grape variety, and rootstock, everything must meet standards that enable us to produce a harvest of the highest quality, suitable for crafting exceptional wine. The legislative amendments aim to present the finest wines, made from the best grapes, to international markets,” said Levan Mekhuzla, Chairman of the National Wine Agency.Mekhuzla further explained that greater attention will be paid to grape conditions during the 2026 vintage to ensure wine quality.“Even though this year’s harvest saw two different pricing tiers, some winegrowers still focus on quantity rather than quality and condition. There have been instances where poor-quality grapes, with around 15-16% sugar content, were harvested. This is unacceptable even for alcohol production. Consequently, a new pricing policy will be introduced next year: grapes with less than 17% sugar will be sold at a substantially lower price. I would encourage all winegrowers to prioritise quality rather than quantity. Achieving a 17% sugar level in grapes is quite straightforward under Georgian conditions,” added the Chairman of the National Wine Agency.This week, the Georgian government discussed and approved the “Draft Law on Amendments to the Law of Georgia on Vine and Wine,” which seeks to promote the production of high-quality, competitive alcoholic beverages of grape origin. It also aims to consider the requirements of both local and international markets to facilitate their sale, reports the National Wine Agency.

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Food prices increased by 10.3%, and inflation amounted to 4.8%

GeoStat reports the core inflation indicator was 2.6% in November 2025 compared to the same period last year. The annual core inflation rate was 2.3 per cent, excluding tobacco.“The price changes across various groups have primarily influenced the monthly inflation rate. In food and non-alcoholic beverages, prices increased by 0.9 per cent, contributing 0.34 percentage points to the monthly inflation. Price hikes were observed in the following subgroups: oil and fats (4.2 per cent), vegetables and herbs (3.8 per cent), bread and bakery products (1.9 per cent), fish (1.4 per cent), milk, cheese and eggs (1.4 per cent), meat and meat products (1.2 per cent), coffee, tea and cocoa (0.5 per cent), mineral and spring water, non-alcoholic beverages, and natural juices (0.2 per cent). Conversely, prices fell in the following subgroups: fruits and grapes (−6.8 per cent) and sugar, jam, and other sweets (−1.5 per cent).In the miscellaneous goods and services category, prices rose by 1.8%, contributing 0.09 percentage points to the monthly index. Notable increases were seen in personal belongings not included in other categories (3.2%) and personal hygiene products (2.7%).Prices in the furniture, household goods, and home care group increased by 0.9 per cent, contributing 0.05 percentage points. Significant price rises occurred in daily household goods and services (2.4 per cent), household textiles (2.1 per cent), furniture, carpets, and other floor coverings (1.5 per cent), as well as glassware, tableware, and household utensils (0.7 per cent).Price decreases were noted in heating and cooking appliances, refrigerators, freezers, washing machines, and other household items, including installation and repairs (−3.1%), as well as tools, equipment, and appliances for home and garden (−2.3%).In the transport sector, prices declined by 0.4 per cent, which contributed −0.05 percentage points to the monthly inflation. Price drops were observed in transport services (−1.4 per cent) and the operation of personal vehicles (−0.3 per cent),” the report published by GeoStat states.

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88.8% of students are enrolled in public schools

By the beginning of the 2025-2026 academic year, 644.2 thousand students were studying in general education institutions in Georgia, which is 0.6% more than in the previous academic year. 88.8% of the total number of students study in public schools, while 11.2% study in private schools. Of the total number of students, 48.4% are girls, and 51.6% are boys.Among the regions, the largest number of students (36%) study in Tbilisi.In 2025, 41.4 thousand students received secondary education, which is 0.8% less than the corresponding figure of the previous year. 55 thousand students received primary education, which is 1.8% less than the corresponding figure of the previous year.According to Geostat, by the beginning of the 2025-2026 academic year, 66.3 thousand teachers were employed in general education institutions, which is 0.5% more than the similar figure of the previous year. The vast majority of teachers are women, namely, 87.6% of teachers are women, and 12.4% are men.

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State Security Service budget to increase by GEL128.5 million

For comparison, in the first draft of the budget, the SSS budget was only increasing by GEL 14.5 million, to GEL 265 million.A significant part of the agency's funding will be spent on salary increases.The remuneration of 3,850 people employed by the SSS will increase from GEL 138.7 million in 2025 to GEL 205.4 million.

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Electricity generation decreased by 1.1%

During 2024, 35.8 thousand tonnes of crude oil (8.0 percent less than in the previous year), 177.8 thousand tonnes of coal (20.1 percent more than in the previous year), and 15.9 million m of natural gas (3.0 percent less than in the previous year) were extracted. According to the survey results, firewood production in 2024 decreased by 7.2 percent compared to the previous year, amounting to 1 034.6 thousand m³.As of the document, In 2024, Final electricity consumption amounted to 13 006.1 million kilowatt-hours, which is 6.0 percent more than in the previous year. According to 2024 data, the demand for natural gas amounted to 3 404.3 million m³ (1.1 percent more than in the previous year), while the final consumption of natural gas for the same period totaled to 2 711.2 million m³, which is 7.7 percent more than in the previous year. Compared to 2023, consumption of natural gas increased in certain subsectors of industry, as well as in services and agriculture, while a decline was observed in road transport.According to survey results, 1 578.6 thousand tonnes of petroleum products were consumed in the country in 2024 (8.4 percent more than in the previous year). Natural gas accounted for 42.4 percent in the structure of energy resource consumption, while petroleum products also represented a relatively high share (29.6 percent), followed by electricity (20.5 percent). Meanwhile, coal constitutes for 3.5 percent of the energy consumed during the year, and the remaining 4 percent was from biofuel, geothermal, and solar energy.The sectorial analysis of energy consumption in 2024 shows that the largest consumers of energy resources are the transport and residential sectors, accounting for 33.0 and 31.9 percent of total consumption, respectively. As for the other sectors, 15.3 percent is attributed to industry, 4.3 percent —to construction, 0.6 percent — to agriculture, forestry and fishing, while the remaining 14.9 percent is distributed between commercial and public services and other consumers.

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Uzbek Transport Minister: Georgia, as a maritime country, has an impor...

According to Ilhom Mahkamov, the Trans-Caspian Transport Corridor and Connectivity Investment Forum and the meeting of transport ministers of the European Union, Central Asia, the South Caucasus and the Black Sea region held within its framework are important for the countries, including Georgia and Uzbekistan, in terms of deepening trade and economic ties.The Minister emphasized the importance of Georgia as a maritime country in terms of connectivity between Central Asia and the European Union. According to him, close and effective communication between Uzbekistan and Georgia is very important in terms of creating new transport corridors, diversified routes and developing existing ones.The Minister of Transport of Uzbekistan also spoke about the prospects for cooperation between Georgia and Uzbekistan in the tourism sector, which is characterized by growing dynamics, as well as the existing air traffic between the two countries. In addition, he said that it is important that direct flights are being operated between Tbilisi and Tashkent. According to Ilhom Mahkamov, all this contributes to the deepening of economic ties between the two countries.A forum was held in Tashkent within the framework of the “Global Gateway” initiative.Georgia is also participating in the forum. The delegation includes: Minister of Economy Mariam Kvrivishvili and her deputies; Tamar Ioseliani and Genadi Arveladze.The goal of the forum is to strengthen the EU's cooperation with partner countries along the Trans-Caspian Transport Corridor to facilitate transport links between Europe and Asia.

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