Georgian PM meets Foreign Minister of Kazakhstan

According to the Presidential Administration, the Georgian President and Kazakhstani FM reviewed Georgia-Kazakhstan friendly and partnership relations, accentuating successful cooperation in various spheres.They stressed that the partnership is based on mutual respect and both national and regional interests. Mikheil Kavelashvili and Ermek Kosherbayev focused on global political processes, challenges facing the South Caucasus and Central Asia, the rapidly changing geopolitical environment and the increasing role of the Middle Corridor in regional connectivity.Mikheil Kavelashvili thanked Ermek Kosherbayev for unwavering support of Georgia’s sovereignty and territorial integrity.Deputy Foreign Minister Aleksandre Ghvtisiashvili, Head of Friendship Group with Parliament of Kazakhstan Anton Obolashvili and Ambassador Extraordinary and Plenipotentiary of Georgia to the Republic of Kazakhstan Levan Diasamidze attended the meeting.

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Among the strategic markets of Georgian wine, a special growth was recorded in Germany in the first quarter, where exports reached 375 thousand liters, which is 32% more than in the same period last year. Exports to the United Kingdom increased by 9% and reached 86 thousand liters.Also, a 4% increase was recorded in the People's Republic of China, where about 831 thousand liters of wine were exported.In the first quarter, alcoholic beverages were exported to 38 countries. In total, 7.6 million liters of products worth $56.6 million were exported. Revenue from exports increased by 3%.

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In detail: The residential segment index increased by 0.5 percent compared to the previous month and by 3.0 percent compared to the same month of the previous year The non-residential segment index decreased by 2.1 percent compared to the previous month and increased by 4.7 percent compared to the same month of the previous year The civil segment index decreased by 0.2 percent compared to the previous month and increased by 1.0 percent compared to the same month of the previous year In February 2026, the Construction Cost Index (CCI) decreased by 0.2 percent compared to the previous month. The change was mainly due to a 0.7 percent decrease in the prices for construction materials, which contributed -0.44 percentage points to the total index change.Compared to February 2025, the CCI increased by 2.4 percent. This was largely caused by the 9.8 percent increase in average monthly nominal wages of employees in the construction sector and by the 4.6 percent increase in the category of other costs, which contributed 2.89 and 0.29 percentage points to the total index change, respectively.Along with this, the Construction Cost Index posted a 23.7 percent increase compared to February 2022.

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Specifically, 153,462 TEU (twenty-foot equivalent units) were handled in 1Q26, exceeding the figures for the same periods in 2025 (146,468 TEU) and 2024 (126,512 TEU).According to the company, this year has seen the highest number of containers handled and container ships received. Since the beginning of the year, the Port of Poti has hosted 94 container ships.It should be noted that APM Terminals Poti is a member company of the global giant, the Maersk Group. APM Terminals manages 62 port infrastructure and terminals in 35 countries around the world, and has been operating the Poti Seaport since 2011.

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Namely, Lion Finance Group (BGEO LN) shares closed at GBP 97.00/share (+4.02% w/w and -12.14% m/m). More than 294k shares traded in the range of GBP 90.85 - 97.15/share. Average daily traded volume was 114k in the last 4 weeks. The volume of BGEO shares traded was at 0.68% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 43.15/share (+5.50% w/w and -2.82% m/m). More than 319k shares changed hands in the range of GBP 39.70 - 43.45/share. Average daily traded volume was 66k in the last 4 weeks. The volume of TBCG shares traded was at 0.57% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 38.75/share (+8.85% w/w and +5.73% m/m). More than 268k shares traded in the range of GBP 34.85 - 38.80/share. Average daily traded volume was 58k in the last 4 weeks. The volume of CGEO shares traded was at 0.78% of its capitalization.

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According to the Administration of the President of Georgia, the two leaders discussed the high level of strategic partnership between the two countries and the successful cooperation across various fields.“As President Kavelashvili noted during the meeting, maintaining and further developing the robust strategic partnership between Georgia and Azerbaijan across all its dimensions remains a priority for Georgia. During their private talks, the presidents placed particular emphasis on the fact that preserving stability and peace in the region is assuming ever greater importance, against the backdrop of ongoing geopolitical developments and the fundamental reshaping of the international order.President Kavelashvili expressed his gratitude to the President of the Republic of Azerbaijan for Azerbaijan’s continued support for Georgia’s territorial integrity and sovereignty. He also thanked President Aliyev for personally visiting the Georgian Embassy in Baku to offer his condolences following the passing of His Holiness and Beatitude Ilia II, Catholicos-Patriarch of All Georgia. Upon the conclusion of the meeting, President Aliyev made an entry in the distinguished guests’ book,” reads the statement from the Administration of the President of Georgia.The meeting between Mikheil Kavelashvili and Ilham Aliyev took place at the Presidential Palace of Georgia.

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The annual inflation rate was mainly influenced by price changes for the following groups:Food and non-alcoholic beverages: the prices in the group increased by 7.5%, contributing 2.57 percentage points to the overall annual inflation rate. Within the group the prices increased for the following subgroups: fish (21.2%), fruit and grapes (13.4 %), bread and cereals (9.6%), meat (9.6 %), oils and fats (7.7 %), sugar, jam, honey, chocolate and confectionery (5.3 %), vegetables (4.9 %), milk, cheese and eggs (4.5 %), coffee, tea and cocoa (3.8 %), mineral waters, soft drinks, fruit and vegetable juices (2.1 %);Transport: the prices for the group increased by 4%, contributing 0.49 percentage points to the overall index. Within the group the prices increased for transport services (7.3 %) and operation of personal transport equipment (5.7%);Miscellaneous goods and services: the prices for the group increased by 9.8 percent, contributing 0.48 percentage points to the overall index. Within the group, the prices were higher mainly for the following subgroups: personal effects (58.1%), insurance (8.5%), personal care (4.3%);Alcoholic beverages and tobacco: the prices increased by 6.2%, with the relevant contribution of 0.39 percentage points to the overall annual inflation rate. The prices increased for both tobacco (8%) and alcoholic beverages (4.6%).

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Based on a judge's ruling, those arrested include the directors of Aladashvili & Co LLC, its subcontractor companies - Guide, Bade and Alioni, and one employee.According to the investigation, in 2023-2026, 12 contracts were signed between LLC “Aladashvili & co” and the administrations of four districts of Tbilisi (Isani, Chugureti, Mtatsminda, Krtsanisi), with a total value of more than 26.5 million GEL. The aforementioned procurement envisaged free food services for socially vulnerable citizens.According to the State Anti-Corruption Commission, the defendants improperly served 14,451 beneficiaries and fraudulently appropriated 3,529,000 GEL belonging to the state by falsifying documents.“The company’s director, together with subcontractors, improperly fulfilled their obligations. By falsifying product acceptance and delivery acts, the defendants fraudulently appropriated a large amount of state funds,” the agency’s statement says.The investigation is underway under Article 180 of the Criminal Code of Georgia (fraud in large amounts), which provides for a sentence of 6 to 9 years in prison.The Anti-Corruption Agency states that it continues to work to prevent such crimes and calls on entrepreneurs and public officials to conduct their activities in good faith.

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