Georgia receives condolences from around the world over the death of Ilia II

Archbishop Giorgi informed journalists that the funeral ceremony will take place on March 22, and, in line with the Patriarch’s own wishes, his final resting place will be in Sioni.His Holiness and Beatitude Ilia II passed away at the age of 93.Following the Patriarch’s death, a national period of mourning has been declared.

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According to the economic activity, the highest monthly earnings were observed in the following sectors: Information and communication – 4 373.2 GEL (increased by 9.1 percent compared to the corresponding period of the previous year) Construction – 3 938.9 GEL (increased by 17.2 percent) Financial and insurance activities – 3 747.7 GEL (increased by 11.1 percent) Mining and quarrying – 3 386.5 GEL (increased by 31.8 percent) In 4Q2025, the average earnings for women equaled 1 952.5 GEL, while for men, they were 2 978.9 GEL. The annual earnings growth amounted to 173.9 GEL (9.8%) for women and 325.1 GEL (12.2%) for men. In almost all sectors, men’s average monthly earnings exceeded those of women.In 4Q2025, the average monthly earnings of employees in the business sector increased by 241.3 GEL (10.2%) and equaled 2 608.4 GEL. According to the economic activity, the highest monthly earnings were observed in Information and communication (4 433.4 GEL, increased by 8.7 percent compared to the corresponding period of the previous year) and Construction (3 943.4 GEL, increased by 17.2 percent).In 4Q2025, compared to the same quarter of the previous year, the average monthly earnings of employees in the non-business and financial sector increased by 254.8 GEL (13.0%) and amounted to 2 210.2 GEL. According to the economic activity, the highest monthly earnings were observed in the Financial and insurance activities.Tbilisi and the Mtskheta-Mtianeti region lead in terms of average monthly earnings.

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The study shows that Georgia’s per-hectare yields for fruits, vegetables and grains are lower than those of neighboring countries and the EU.For example, Georgia’s fruit yield is only 4.8 tons per hectare, which is more than two times lower than Armenia (11.4 tons), Ukraine (11 tons) and the EU (11.7 tons).The difference is even more striking in the case of vegetables - the average yield in Georgia is 11.1 tons, while in Azerbaijan - 31.1 tons, in Armenia - 35.6 tons, and in Turkey - 42.3 tons. As for grain crops, Georgia (2.8 tons) here also lags behind both Azerbaijan and Turkey (3.4 tons), as well as Ukraine (5.1 tons) and the European Union (5.2 tons).The Galt & Taggart review emphasizes that the low yield is due to several fundamental factors, including low corporatization, lack of knowledge and technological backwardness. The share of business in the sector is only 13%, and the production of raw materials is mainly concentrated in households.Land fragmentation is also a problem - 73% of farms in Georgia are less than one hectare, 25% have an area of 1 to 5 hectares, and large farms, the size of which exceeds 5 hectares, make up only 2%. For comparison, in Azerbaijan and Armenia the share of farms smaller than one hectare is relatively lower (60-61%), which creates the basis for more efficient use of land in these countries.

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New tariffs and categoriesThe main essence of the changes is to change the principle of taxation of cars by age group: 0 to 6 years inclusive: the excise duty rate is set at 1.5 GEL per 1 cm³ of engine capacity. Over 6 years of age: the excise duty rate is tripled and becomes 4.5 GEL per 1 cm³. In addition, the benefits for hybrid vehicles (a tariff reduced by 60% of the basic rate) will be maintained, and the basic rate for right-hand drive vehicles will also be tripled.Transitional period and deadlines1. The draft law provides for preferential conditions for those who have already started the process of importing a vehicle:2. The old tariff will be used by those whose vehicle will enter Georgia before April 1, 2026, or whose transportation to a foreign country will begin before this date.In the case of land transportation (or when moving on one's own), the old rates will apply if the vehicle enters the territory of the country before July 1, 2026.Why is the legislation being changed?The authors of the initiative are the deputies of the Georgian Dream. According to them, the existing system failed to stimulate the renewal of the car fleet, as the low excise tax on 6-8-year-old cars made their import economically advantageous.“A large part of the cars imported into Georgia are over 6 years old, which causes air pollution and increases the risk of road accidents. The goal of the change is to create a stable environment for the import of new cars and establish an effective financial barrier to restrict older vehicles,” the explanatory note to the bill says.Despite the support of the committees, the initiative was sharply criticized by Dimitri Khundadze, a member of parliament from the People’s Power party. According to him, the proposed tariffs are not “restrictive” but “prohibitive,” which will have the opposite ecological effect.Khundadze cited the following as his main arguments: Aging of the vehicle fleet: According to the MP, since a large part of society cannot afford to buy a new car, they will be forced to artificially extend the service life of existing old cars, which will lead to even greater aging of the vehicle fleet. Social factor: Khundadze notes that, unlike Tbilisi, public transport in the regions is not organized and a car is not a luxury there, but the only means of transportation. A blow to re-export: The changes may also negatively affect the re-export sector, which is one of the leading directions for the Georgian economy. Technical inspection instead of age: The MP believes that age alone cannot be decisive and it is necessary to improve the technical inspection tool - if the car is technically sound, its ban is unjustified.

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Lion Finance Group (BGEO LN) shares closed at GBP 106.10/share (-8.77% w/w and +6.15% m/m). More than 320k shares traded in the range of GBP 104.20 - 118.20/share. Average daily traded volume was 59k in the last 4 weeks. The volume of BGEO shares traded was at 0.74% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 42.10/share (-2.43% w/w and -0.94% m/m). More than 241k shares changed hands in the range of GBP 41.45 - 45.15/share. Average daily traded volume was 65k in the last 4 weeks. The volume of TBCG shares traded was at 0.43% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 34.90/share (-2.38% w/w and +5.28% m/m). More than 243k shares traded in the range of GBP 34.25 - 37.25/share. Average daily traded volume was 59k in the last 4 weeks. The volume of CGEO shares traded was at 0.70% of its capitalization. 

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The prosecutor's office charged Mikautadze with nine different counts, including abuse of office, illegal participation in entrepreneurial activity, and money laundering.According to the prosecutor in the case, Irakli Marshania, the convict was deprived of important assets: A residential apartment in Spain 3 cars Expensive watches, gold bars and coins A 15% stake in the Nakhidur hydroelectric power plant Despite the fact that Romeo Mikautadze applied to the prosecutor's office for a plea bargain, he did not plead guilty at the court hearing. In his closing statement, he stated that he was ready to admit to a "non-existent crime" in order to quickly conclude the case. According to the prosecutor, since the defendant does not admit guilt, a plea bargain is impossible.The convict's lawyer, Beka Nemsitsveridze, will appeal the decision to the Court of Appeal. He criticized the justice system and noted that the court only took into account the arguments of the prosecution.Romeo Mikautadze was arrested by law enforcement officers on June 20 of last year. He was charged with 4 articles: Article 333, Part 2 of Article 332, Article 337, and Subparagraph “c” of Part 3 of Article 194 of the Criminal Code.

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The Prime Minister also focused on the results of the agro-credit subsidy program and noted that the total output of the sector has almost doubled since 2018. As for foreign trade, exports currently amount to 4.5 billion GEL, although the fact that this volume is based on only a few product categories remains a challenge.According to Irakli Kobakhidze, despite the growth, the country is still significantly dependent on imports for meat, dairy products and grains. The main task of the state and the private sector remains to increase production productivity, expand the export range and establish itself in new, highly cost-effective international markets.

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According to the Government of Georgia, the one-on-one meeting primarily centred on the relations between Georgia and Belarus, as well as potential future opportunities for cooperation.“The parties reviewed current issues related to the bilateral partnership, including cooperation in the trade and economic spheres. Particular emphasis was placed on Georgia’s role as a safe country in terms of creating a stable, predictable and investor-friendly environment.The importance of holding the 7th Session of the Georgia-Belarus Intergovernmental Economic Commission was also highlighted, as a crucial platform for discussing key economic issues between the two countries.The sides also discussed the positive dynamics in the tourism sector and the growing number of Belarusian tourists visiting Georgia,” read the statement issued by the Government of Georgia.

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