Russia Was the Largest Source of Visitors to Georgia in Q4 2025

Meanwhile, the governments of Armenia and the United States have agreed on the framework for implementing the “Trump Road,” a project scheduled to begin construction in the second half of 2026.Despite these developments, officials in Armenia warn that the risk of renewed conflict remains high. Experts note that both Yerevan and Baku are eager to convince the international community that negotiations are progressing, though real progress has yet to materialize.Ahead of the June parliamentary elections, Armenian Prime Minister Nikol Pashinyan seeks to present himself as a peacemaker who will establish diplomatic relations with Azerbaijan and Turkey and open regional transportation corridors.

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According to the official statement, Zodelava is a lawyer by profession. She received her education at Ivane Javakhishvili Tbilisi State University, the University of Administrative Sciences in Speyer, and the University of Bremen. She has many years of experience working in international organizations and state institutions, having served at various times as a project manager for the German International Cooperation Society (GIZ).Until now, Zodelava served as the head of the State Grants Management Agency.It remains unknown who will succeed her as the new head of the Agency.On 20 February 2025, the Georgian Parliament approved, in its third reading, legislation establishing the Legal Entity of Public Law (LEPL) – State Grants Management Agency, which is responsible for issuing grants to civil society organizations.

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Share of the domestic exports in total exports constituted 46.2 percent and amounted to USD 3 billion 367 million, 12.5 percent higher year-on-year.As of the document, in 2025 the share of the top ten trading partners by domestic exports in the total domestic exports of Georgia amounted to 68.9 percent. The top partners were Russia (USD 700.7 million), China (USD 301.9 million) and Türkiye (USD 298.8 million).In 2025 precious metal ores and concentrates claimed the first place in the list of top domestic export items, equaling USD 378.9 million, or 11.3 percent of total domestic exports. The domestic exports wine of fresh grapes totaled USD 266.5 million and their share in the total domestic exports amounted to 7.9 percent. The domestic exports of spirituous beverages occupied the third place, standing at USD 236.8 million and constituting 7.0 percent of the total domestic exports.

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Lion Finance Group (BGEO LN) shares closed at GBP 96.40/share (+4.90% w/w and +4.67% m/m). More than 266k shares traded in the range of GBP 90.75 - 96.95/share. Average daily traded volume was 53k in the last 4 weeks. The volume of BGEO shares traded was at 0.61% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 39.90/share (+1.92% w/w and -1.85% m/m). More than 357k shares changed hands in the range of GBP 38.05 - 39.90/share. Average daily traded volume was 51k in the last 4 weeks. The volume of TBCG shares traded was at 0.64% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 33.35/share (+7.06% w/w and +11.17% m/m). More than 302k shares traded in the range of GBP 31.00 - 33.65/share. Average daily traded volume was 56k in the last 4 weeks. The volume of CGEO shares traded was at 0.87% of its capitalization. 

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The prices for mining and quarrying increased by 0.2 percent compared to November 2025, resulting in a 0.01 percentage point contribution to the overall monthly PPI change. In the same period, the prices for manufactured products increased by 0.2 percent, contributing 0.19 percentage points to the monthly index change. Within the group, a noteworthy price increase was registered for food products (0.4 percent) and basic metals (3.0 percent). Besides, the prices increased for electricity, gas, steam and air conditioning by 1.0 percent, contributing 0.1 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 22.4 percent higher, contributing 1.44 percentage points to the overall annual index change. Within the group, the prices were higher for the subgroup of metal ores (30.8 percent);• Manufactured products: the prices increased by 4.8 percent, contributing 3.83 percentage points to the overall annual index increase. There was a notable increase in the prices for food products (11.5 percent) and basic metals (5.3 percent);• Electricity, gas, steam and air conditioning: the annual price increase amounted to 7.6 percent, which contributed 0.79 percentage points to the annual index change;• Water supply, sewerage, waste management and remediation services: the annual price increase amounted to 1.5 percent, which contributed 0.04 percentage points to the annual index growth. 

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In 2025 the share of the top ten trading partners by exports in the total exports of Georgia amounted to 78.3 percent. The top partners were Kyrgyzstan (USD 1 498.8 million), Kazakhstan (USD 910.0 million) and Russia (USD 749.3 million).In 2025 the share of the top ten trading partners by imports in the total imports of Georgia amounted to 70.5 percent. The top partners were Türkiye (USD 2 775.0 million), USA (USD 2 723.7 million) and China (USD 1 985.4 million).In 2025 the share of the top ten trading partners in the total external trade turnover of Georgia amounted to 67.8 percent. The top trading partners were Türkiye (USD 3 107.9 million), USA (USD 2 843.8 million) and Russia (USD 2 688.5 million).In 2025 motor cars claimed the first place in the list of top export items, equaling USD 2 814.4 million with 38.6 percent of total exports. The exports of precious metal ores and concentrates totaled USD 378.9 million and their share in the total exports amounted to 5.2 percent. The exports of spirituous beverages occupied the third place standing at USD 282.5 million and constituting 3.9 percent of the total exports.The top import commodities in 2025 were motor cars, whose imports equaled USD 3 870.8 million (20.9 percent of the total imports). The petroleum and petroleum oils followed in the list with USD 1 358.8 million (7.3 percent of imports). The Medicaments put up in measured doses were third in the top import commodity list with USD 680.3 million (3.7 percent of imports).

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Inspections by the National Wine Agency covered 62 companies, with 19 samples from 7 companies found non-compliant. Additional checks by contractor firms Bureau Veritas Georgia and SGS Georgia identified 3 violations in 529 samples from 80 companies, primarily when submitted lots for certification did not match production batches.Organoleptic testing for export purposes included 279 tastings of 13,349 samples, of which 520 failed, while the remaining 12,829 passed. Domestic market checks of 78 companies showed 73 of 136 samples with irregularities, highlighting the continued need for strict local oversight.Levan Mekhuzla, Chairman of the National Wine Agency, emphasized the importance of quality from vineyard to production, stating that maintaining high standards is critical for international competitiveness. In 2026, quality control efforts will intensify, with a focus on both domestic and export markets to boost the recognition of Georgian wine.

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According to the National Wine Agency, the largest share of Georgian wine in Europe was sold to Poland, with 6.8 million litres exported. Germany came in second, with 1.3 million litres, followed by Latvia with 1.2 million litres, Lithuania with 703.5 thousand litres, the United Kingdom with 327.7 thousand litres, Estonia with 271 thousand litres, and others.The agency notes that the growth in exports is particularly notable in countries renowned for their wine traditions, such as France, where demand for Georgian wine, especially qvevri wine, continues to increase. In 2025, approximately 133 thousand litres were exported to France, representing a 63% increase compared to 2024.A central focus of the National Wine Agency’s efforts is to promote and raise awareness of Georgian wine in international markets. Among European nations, the strategic markets for Georgian wine include the United Kingdom, Germany, Poland, and Scandinavian countries. The agency undertakes advertising and marketing campaigns in these regions to diversify market access. With the support of the National Wine Agency, Georgian wine producers participate in all major international wine and spirits exhibitions across Europe.

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