Liberty To Issue USD 5 million Foreign Exchange Bonds

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.

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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.

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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.

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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%).

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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.

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The exports equaled 6 billion 010 million (7.9 percent higher), while the imports stood at USD 15 million 101 thousand (6.1 percent higher). The negative trade balance was USD 9 billion 090 million in January-November 2024 and its share in external trade turnover constituted 43.1 percent.In January-November 2024 the share of the top ten trading partners by exports in the total exports of Georgia amounted to 81.7 percent. The top partners were Kyrgyzstan (USD 1 166.1 million), Kazakhstan (USD 795.4 million) and Azerbaijan (USD 664.4 million).In January-November 2024 the share of the top ten trading partners by imports in the total imports of Georgia amounted to 70.0 percent. The top partners were Türkiye (USD 2 500.9 million), USA (USD 1 828.5 million) and Russia (USD 1 635.5 million).In January-November 2024 the share of the top ten trading partners in the total external trade turnover of Georgia amounted to 69.2 percent. The top trading partners were Türkiye (USD 2 939.3 million), Russia (USD 2 269.4 million) and USA (USD 1 965.8 million).In January-November 2024 motor cars claimed the first place in the list of top export items, equaling USD 2 218.9 million with 36.9 percent of total exports. The exports of ferro-alloys totaled USD 316.5 million and their share in the total exports amounted to 5.3 percent. The exports of spirituous beverages occupied the third place standing at USD 270.4 million and constituting 4.5 percent of the total exports.The top import commodities in January-November 2024 were motor cars, whose imports equaled USD 3 082.4 million (20.4 percent of the total imports). The petroleum and petroleum oils followed in the list with USD 1 185.3 million (7.8 percent of imports). The Medicaments put up in measured doses were third in the top import commodity list with USD 562.7 million (3.7 percent of imports).

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As of the document, significant contributions to the real GDP growth in Q3 2024 is related to increase of valueadded of the following activities: Construction (30.9 percent), Information and communication (32.8 percent), Wholesale and retail trade; repair of motor vehicles and motorcycles (11.0 percent), Education (35.6 percent), Financial and insurance activities (22.9 percent), Public administration and defence; compulsory social security (14.7 percent).A decrease in the real value-added occurred in Real estate activities (-4.9 percent), Electricity, gas, steam and air conditioning supply (-13.6 percent).The largest share in GDP by activity is held by Trade (15.4 percent) and Manufacturing (9.7 percent), followed by Real estate activities (9.3 percent), Construction (8.7 percent), Agriculture, forestry and fishing (7.4 percent), Information and communication (6.4 percent), Public administration (6.2 percent), Transportation and storage (5.9 percent).

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She stated the above in her address to the European Parliament.“Georgia protests when the Georgian population feels, perceives a threat to Europeanness and independence. There have never been mass protests in Georgia regarding social issues, there are many reasons for this, although the situation in this regard is not satisfactory at all, quite the opposite. The only time when people took to the streets en masse was when they felt that this was an existential issue and that it was at stake. This is happening today. This is a very peaceful movement, a mass civil disobedience movement, and it demands two things - give me back my vote because the elections were stolen, give me back my future and most importantly, my European future, and also, there is a demand for new elections. This is not a revolutionary movement, in its essence, because there is no demand for that. The demand is to return to new elections, in a peaceful environment, and to see where the will of those people who took to the streets and want this to happen democratically, in the form of a vote, is," Salome Zourabichvili said.

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