The investigation was launched pursuant to a request from the Ministry of Regional Development and Infrastructure of Georgia. The request indicated that observations made by the administrations of State Representatives across various tenders had revealed circumstances that appeared to be inconsistent with or potentially in breach of the Law of Georgia on Competition, thereby requiring appropriate action.Specifically, the tender monitoring process identified circumstances suggesting possible concerted practices by the following companies in relation to construction supervision tenders announced between 2022 and 2025 in the regions of Racha, Samegrelo, Guria, Mtskheta-Mtianeti, Shida Kartli, Kvemo Kartli, Imereti, Samtskhe-Javakheti, and Kakheti:LLC GeoExpert, LLC Zaisi & Company, LLC Engineering Monitoring Group, LLC Inspect-AS, LLC Optimal Group+, LLC Expert House, LLC SkyScaper, LLC TIAG Auditescort, LLC Chrizoliti+, LLC Mshen-Expert+, and LLC Megamsheni.The Agency’s preliminary analysis identified multiple factors giving rise to a reasonable suspicion that coordinated conduct may have occurred among the undertakings concerned. Consequently, GCCA formally initiated an investigation.During the current year, the Agency has concluded three investigations. In two instances, infringements were confirmed, involving abuse of a dominant position, specifically through the imposition of unfairly high prices. In one case, no violation was established. Currently, two investigations remain ongoing, one concerning alleged abuse of a dominant position and the other relating to potential concerted practices.

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The increase was observed in the production value of the business sector as well. In the III quarter of 2025, production value equaled 25.4 billion GEL, which is 9.7 percent more year-on-year.In the III quarter of 2025, large businesses generated 67.5 percent of total turnover, while medium-sized businesses generated 14.5%, and 18% was generated by small businesses. A distribution was different in the case of total production value: 46.1% was on large businesses, 23.2% - on medium, and 30.8% - on small businesses.In the III quarter of 2025, total purchases of goods and services carried out by enterprises equaled 33.5 billion GEL (year-on-year 8.8 percent more), while the purchase of goods and services for resale amounted to 19.2 billion GEL (year-on-year 8.9 percent more).In the III quarter of 2025, the average number of persons employed in business sector equaled 814.7 thousand, which is year-on-year 3.3% more. Out of the total number of persons employed, 43% were female and 57% were male.Large businesses employed 42.1 percent of total number of persons, while 19.9% were employed by medium, and 38.0 percent - by small businesses. The total number of employees amounted to 758.0 thousand (year-on-year 2.0 percent more) and the total personnel costs of enterprises equaled 5 624.9 million GEL (year-on-year 13.1 percent more).In the III quarter of 2025, average monthly remuneration of employed persons equaled 2 420.9 GEL (230.8 GEL increase year-on-year), while remuneration specifically for employed women was 1,846.9 GEL (144.5 GEL increase year-on-year). Average monthly remuneration of employed persons by size of enterprises is as follows:• Large business — 2 498.3 GEL• Medium-sized business — 2 801.6 GEL• Small business — 2 072.5 GELIn the III quarter of 2025, the arts, entertainment and recreation had the highest share (34.5 percent) in the total turnover in business sector, followed by trade sector (including repair of motor vehicles and motorcycles) with 33.5% share, manufacturing – with 7.8%, construction – with 6.3%, transportation and storage – with 4.6%, information and communication – with 3.4 percent, and other sectors – with 10% share. In the III quarter of 2025, trade (18.6%), manufacturing (18.3%), construction (18.2%), transportation and storage (9.4%) and information and communication (8.4%) held the top five places in business sector by production value. The rest of the sectors had 27.1% share combined. In the III quarter of 2025, trade (wholesale and retail trade; repair of motor vehicles and motorcycles), manufacturing, and human health and social work activities led business sector by number of employees with 29.1%, 11.3%, and 9.2% shares, respectively. Enterprises engaged in construction activities (8.5%), transportation and storage (8.2%), information and communication (6.4%), and accommodation and food service activities (5.7%) also had a significant share though.

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The new regulation, among other things, provides for the approval of the cultivation of entrepreneurial vineyards starting next year, which will be issued by the LEPL National Wine Agency.“It is commendable that vineyards have been actively built in recent years, although this should not be spontaneous. We should pay more attention to: quality, exposure, soil, varieties. If an entrepreneur takes all this into account, he will not encounter any obstacles in obtaining permission for cultivation. In general, it should be noted that wine consumption has decreased on a global scale; the experience of recent years of the vintage shows that the state has to intervene in the purchase of grapes and in order not to hinder the development of the sector, we must introduce regulations for the cultivation of vineyards,” said Levan Mekhuzla, Chairman of the National Wine Agency.According to the Chairman of the Agency, a permit for the cultivation of vineyards will have to be obtained by those who plan commercial activities and does not apply to those who intend to cultivate vineyards for personal use.According to Mekhuzla, in recent years, interest in the field of viticulture and winemaking has increased, which is reflected in the intensive cultivation of new vineyards. It is worth noting that in a number of cases, vineyards are planted with varieties not permitted for the relevant viticulture zones and subzones or with seedlings grown in uncertified nurseries, which subsequently leads to problems with both grape production/sale and wine production.The draft law will be sent to the Parliament of Georgia for adoption. The draft law was prepared by the Ministry of Environmental Protection and Agriculture of Georgia.

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Over the first ten months of 2025, the Agency received 1123 applications and handled 3560 calls, representing a 57% increase in applications compared to the same period last year.During the reporting period, the Georgian Competition and Consumer Agency (GCCA) identified 145 violations of consumer group rights in 222 cases. Due to non-compliance with obligations imposed by the GCCA, 68 traders were fined in 111 cases, with total penalties amounting to 117 283GEL. For consumer protection, 132 commitment agreements were signed in 147 cases, where traders committed to modifying their internal business policies and restoring the rights of affected consumers who suffered due to unfair business practices.Of the applications received, 65% were related to online trading, while 35% concerned in-person purchases. According to regions, Tbilisi continues to lead with 79%, followed by Adjara with 5%, Imereti 5%, Kakheti 2%, Kvemo Kartli 2% and other regions.Based on ten-month data, the demand for a refund is 370, the repair or replacement of defective items is 364, 198 for restoring the right to a defective service, ensuring delivery of goods within the stipulated period 74, 36 related to the prohibition of misleading practices, and the rest is 81.According to the statistics, by sector, 73% is the wholesale and retail sector, transport and warehousing 10%, the arts, entertainment, and recreation sector accounted for 5%, and other activities represented 12% of the total.

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By the end of the year, the company had 23 of its own and 27 leased gas stations, as well as 10 franchised gas stations located in all regions of Georgia.The company’s main supplier is LUKOIL NEFTOHIM BURGAS AD, a company within the LUKOIL group.In 2024, it had a transaction of GEL 60.3 million for the purchase of goods and services with the ultimate parent company, and GEL 547.8 million with subsidiaries of the same level.From the sale of oil and oil products, Lukoil received revenue of GEL 762.5 million, which is an increase of 57.8% (y.y). Among them, it accumulated GEL 566.8 million in revenue from wholesale sales, and GEL195.7 million from retail sales.

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The total cost of the project is €31.8 million, with the Bank’s financing providing senior secured loan of the €25 million.According to the EBRD, the new service center will become a regional hub for truck and heavy equipment servicing, significantly improving the infrastructure and quality of service for this segment in Georgia.The project also includes the expansion of the Tegeta Academy, which aims to retrain and develop new skills for heavy equipment mechanics and operators, thereby increasing the availability of specialists and employment opportunities in Georgia.The EBRD project also includes technical assistance and grants, namely: Legal Due Diligence – funded by JECF (€75,000), Implementation of a Corporate Governance Plan – funded by SSF (€125,000) and Skills Development in the Automotive Sector – funded by SSF (€150,000).

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According to the data from January-September 2025, within the framework of state control, which verifies the compliance of the wine technological process in enterprises with the requirements of Georgian legislation, violations were found in 11 samples from 8 companies out of 561 samples taken from 135 companies.During the reporting period, 56 companies underwent inspection control, which establishes the conformity of the submitted alcoholic beverage sample lot for certification. Out of 1091 samples taken, violations were found in 14 samples from 6 companies.In the processing economic zone, the National Wine Agency's contractor international companies "Bureau Veritas" Ltd. and "SGS" Ltd. inspected 98 companies; a violation was found in 1 sample from 1 company out of 365 samples taken.In the past 9 months, 201 tastings were conducted for the purpose of organoleptic testing of alcoholic beverages for export. Out of 9643 samples submitted for tasting, 365 were negatively evaluated, and the remaining 9278 samples were positively evaluated. The organoleptic testing of the sample is done on color and transparency, typicality, the presence of diseases, aroma, taste and harmony.This year, the number of violations has decreased compared to the same period last year.

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The increase was observed in the production value of the business sector as well. In 2024, production value equaled 90.5 billion GEL, which is 16.3 percent more year-on-year.In the 2024, large businesses generated 67.7 percent of total turnover, while medium-sized businesses generated 15.8 percent, and 16.5 percent was generated by small businesses. A distribution was slightly different in case of total production value: 46.8 percent was on large businesses, 25.5% - on medium, and 27.7% - on small businesses.In 2024, total purchases of goods and services carried out by enterprises equaled 114.9 billion GEL (year-on-year 5.4 percent more), while the purchase of goods and services for resale amounted to 71.4 billion GEL (year-on-year 0.2 percent more).In the 2024, the average number of persons employed in business sector equaled 866.2 thousand, which is year-on-year 5.2 percent more. Out of the total number of persons employed, 43.2% were female and 56.8% were male.Large businesses employed 39.4% of total number of persons, while 20.3% were employed by medium, and 40.3% - by small businesses. The total number of employees amounted to 801.6 thousand (year-on-year 3.9% more).The total personnel costs of enterprises equaled 19.9 billion GEL (year-on-year 15.3 percent more).In the 2024, average monthly remuneration of employed persons equaled 2 024.4 GEL (197.2 GEL increase year-on-year) while remuneration of employed women specifically was 1 601.4 GEL(156.2 GEL increase year-on-year). Average monthly remuneration of employed persons by size of enterprises is as follows: Large business - 2 297.4 GEL Medium business - 2 443.8 GEL Small business - 1 437.5 GEL In the 2024, the trade sector (including repair of motor vehicles and motorcycles) has the highest share (34.4 percent) in the total turnover in the business sector, followed by arts, entertainmentand recreation with 33.5 percent share, manufacturing - with 7.9 percent, construction - with 6.6 percent, transportation and storage - with 4.6 percent, and other sectors - with 12.9 percent share.In the 2024, trade (wholesale and retail trade, repair of motor vehicles and motorcycles), manufacturing, and human health and social work activities led business sector by number of employees (accordingly with 29.0 percent, 11.3 percent and 9.3 percent share). However, enterprises engaged in transportation and storage (8.6 percent), construction activities (8.0 percent), information and communication (5.9 percent), and accommodation and food service activities (5.3 percent) had also a significant share.

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Turnover increased about 4.1 times in manufacturing and about 2.0 times in healthcare and social work activities. Turnover also increased in the professional, scientific and technical activities (78.8 percent), financial and insurance activities (74.5 percent), administrative and support service activities (31.6 percent), information and communication (22.3 percent), other services (15.0 percent), accommodation and food service activities (9.3 percent), and transportation and storage(0.8 percent) sectors.The production value (of goods and services) of non-profit institutions amounted to 2 720.6 million GEL, 15.9 percent higher compared to the previous year.The biggest shares in production value was generated by organizations in following sectors: other services (25.4 percent), arts, entertainment and recreation (22.1 percent), healthcare and social work (16.5 percent), education (14.6 percent), professional, scientific and technical activities (6.4 percent), and water supply, sewerage, waste management and remediation activities (5.3 percent). 62.5 thousand people (51.9 percent women and 48.1 percent men) were employed in nonprofit organizations in 2024. Compared to 2023, this figure has increased by 4.2 percent.Education sector held the biggest share (24.8 percent) in employment, followed by the similar share of arts, entertainment and recreation (24.8 percent), then followed water supply, sewerage, waste management and remediation activities (13.9 percent), healthcare and social work (12.7 percent), while other sectors held the rest of 23.8 percent.Out of all employed, 62.1 thousand were hired, which is 4.1 percent more compared to 2023.

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The financing package will include €10 million for new automation, efficiency and maintenance projects, €15 million to refinance a portion of short-term debt, aligning repayment profiles with the long-term nature of recent renewable energy investments, and €15 million to support working capital, providing a more stable and resilient financing base for the company.The project will strengthen inclusivity by providing training through a ‘digital operator school’, launching an internship programme with local universities, and introducing childcare solutions to support gender inclusion and better work-life balance.It will also deliver environmental benefits through investment in solar energy and the procurement of recyclable and certified packaging materials. These steps will reduce emissions, improve resource efficiency and support circular-economy practices.Natalia Zhukova, EBRD Head of Food and Agribusiness, said: “It is wonderful to see our partnership with Kervan Gıda continue to flourish, as this latest collaboration further enhances the company’s financial competitiveness. This strengthened position will also provide new momentum for Kervan Gıda to advance its climate goals.”Devrim Kılıçoğlu, CEO of Kervan Gıda, commented: “Our longstanding partnership with the EBRD is a key driver in our transformation journey. This financing strengthens our foundations and provides the resources to accelerate our sustainability and inclusive goals, ensuring that our growth benefits both our employees and the wider community.”The EBRD is one of Türkiye’s key investors, with more than €22 billion committed through 499 projects and trade finance limits since 2009, largely in the private sector.

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