Council of Europe Delegation to Visit Georgia on 24–25 September for Fact-Finding Mission

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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According to the central bank, international reserves remain a crucial guarantee of Georgia’s macroeconomic stability, and the NBG increases them when market conditions permit.The foreign exchange interventions carried out in 2025 are as follows: January–February – No net purchases March – $101.7 million April – $266.4 million May – $245.4 million June – $266 million July – $416.9 million August – $199.6 million The National Bank will release updated foreign exchange market data on October 27, 2025.For comparison, as of the end of August, the Central Bank of Azerbaijan held over $11 billion in international reserves, while the Central Bank of Armenia reported reserves of $4.2 billion.

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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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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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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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The total fines imposed amounted to GEL 3,474,100. During this period, the National Bank also deregistered up to 100 currency exchange points.“It is noteworthy that, in accordance with the Regulations on the Registration and Regulation of Currency Exchange Offices, the National Bank of Georgia is authorised to refuse re-registration of an office if an application is made by an authorised person of the office whose registration was previously cancelled, provided that the cancellation was carried out in accordance with the rules outlined in the same regulation and that two years have not passed since the cancellation.As of today, there are 513 registered currency exchange offices operating across 721 locations nationwide, including branches,” the National Bank stated.

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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.

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This international recognition highlights TBC’s strategic vision, which integrates diversity, equity, and inclusion policies, human rights principles, and corresponding practical initiatives.Notably, the award acknowledges the project implemented in collaboration with the Asian Development Bank (ADB), which included:√ Developing an action plan to strengthen the inclusion of persons with disabilities across the bank’s various operations;√ Assessing the accessibility of TBC’s mobile banking services for persons with disabilities;√ Conducting a physical infrastructure audit;√ The UX research team studying the experiences of TBC’s customers with disabilities and developing recommendations.The project’s implementation at TBC is ongoing and will gradually expand to all selected areas. The inclusion of persons with disabilities has become a key goal of the company’s 2025–2027 ESG strategy, approved by the Board of Directors."We are proud that TBC has received an award for promoting the inclusion of persons with disabilities. We are actively working in this direction, collaborating with various companies and partners, including the Asian Development Bank. Within the framework of this joint project, we developed an action plan aimed at strengthening the inclusion of persons with disabilities across all key areas of the bank. Our goal is to foster an environment that is equitable, diverse, and adapted to the needs of all individuals, both for our employees and our customers," said Maka Bochorishvili, Coordinator of the Environment, Social, and Governance (ESG) Department.

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