GeoStat reports that within this turnover, exports accounted for USD 3,876.3 million, representing a substantial 20.0% surge, while imports amounted to USD 9,049.1 million, registering a modest growth of 0.7%.Georgia’s negative trade balance stood at USD 5,172.9 million for the first six months of 2026, comprising 40.0% of the total external trade turnover.Furthermore, the agency’s report highlights that the top ten largest trading partners accounted for 66.3% of Georgia’s total foreign trade volume during this period. The country’s primary trading partners are Turkey, leading with USD 1,659.4 million, followed by Russia at USD 1,527.6 million, and China at USD 1,496.7 million.
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GeoStat notes that domestic exports, which exclude re-exports, accounted for 61.7% of the total export volume; the agency’s data revealed that this figure surged by 62.6% year-on-year, amounting to USD 2,391.8 million.Furthermore, the top ten destination countries accounted for 65.8% of Georgia’s total domestic exports between January and June 2026. The primary export partners in this category were China, leading with USD 417.0 million, followed by Russia at USD 308.4 million, and Turkey at USD 243.7 million.In terms of commodity groups, petroleum and petroleum oils secured the top spot in the domestic export list for the first half of 2026, generating USD 466.9 million and comprising 19.5% of the total domestic export share.Precious metal ores and concentrates placed second with USD 304.3 million, while ferro-alloys ranked third at USD 147.5 million.
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GeoStat reports that, compared to May 2026, prices in the mining and quarrying sector dropped by 5.8%, contributing -0.45 percentage points to the overall index change. Over the same period, prices for manufacturing output decreased by 0.9%, contributing -0.7 percentage points to the total index shift. Conversely, a 3.3% price increase was recorded in the electricity, gas, steam, and air conditioning supply sector, which contributed 0.32 percentage points to the monthly index change.“Over the 12 months, the formation of the index was primarily driven by price changes in the following sectors:· Mining and quarrying: Prices rose by 15.3%, impacting the overall index change by 1.04 percentage points. Within this group, a notable price increase was recorded for metal ores (19.6%).· Manufacturing: Prices increased by 5.2%, contributing 4.19 percentage points to the total index growth. Price hikes were observed in food products (5.8%) and basic metals (10.6%).· Electricity, gas, steam, and air conditioning supply: Prices rose by 4.4%, affecting the annual change in the overall index by 0.46 percentage points.· Water supply, sewerage, waste management, and remediation activities: Prices grew by 6.7%, impacting the total index by 0.21 percentage points,” GeoStat’s published report stated.
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The country’s five leading commercial banks – Bank of Georgia, TBC Bank, Liberty Bank, Terabank and Basisbank – will implement the Nasdaq Calypso system within a common infrastructure covering the full trading cycle. The initiative, implemented under the Georgian Financial Markets Development Program (GMAP) and coordinated by the Georgian Financial Markets Treasuries Association (GFMTA), represents an important milestone in the development of Georgia’s capital markets.The five participating commercial banks represent the largest share of the assets of the Georgian commercial banking sector. Their transition to a common, internationally recognized platform is an important step towards establishing Georgia as a modern and well-managed financial market.It is worth noting that over the past 5 years, the Georgian commercial banking sector has been characterized by double-digit growth, with total assets approaching USD 38 billion - which speaks volumes about the scale and dynamism of the country's financial system. Along with the growth of the sector, the demand for more complex treasury infrastructure capable of supporting securities and derivatives markets, managing corporate-level risks, and meeting increasingly stringent regulatory standards has increased. At the same time, the investment required to implement and support such infrastructure at the level of individual institutions represents a significant challenge for any individual bank. A common, coordinated approach, involving the sharing of resources and expertise across the sector, is the most effective way to achieve this goal at scale.According to Natia Turnava, President of the National Bank of Georgia, the modernization of Georgia’s treasury infrastructure is a strategic priority of the National Bank of Georgia and an important step towards the further development of the country’s financial system. She said that, with the support of the National Bank of Georgia, the common platform will provide the reliable, international-level infrastructure needed to support the further growth of the banking sector.“By moving Georgia’s five leading commercial banks to a single, internationally recognized platform, we are contributing to raising the standard of risk management, regulatory oversight and operational sustainability across the sector. This initiative reflects our aspiration to create a strong and transparent financial market that is fully compliant with international best practices and supports Georgia’s economic growth,” said Natia Turnava, President of the National Bank of Georgia.According to Magnus Haglind, Head of Capital Markets Technology at Nasdaq, Georgia is a shining example of how a shared infrastructure model can create real value.“Both for individual institutions and for the financial system as a whole. Drawing on Nasdaq’s experience in managing large-scale modernization programs, companies gain access to deep institutional knowledge and development opportunities without having to shoulder the full costs, risks or operational complexity on their own. GMAP is precisely the kind of structured, country-level framework that ensures the success of a transformation of this scale. We are pleased to have the opportunity to support the National Bank of Georgia in this initiative and help the Georgian banking sector establish the infrastructure it needs for the next stage of growth,” Magnus Haglind noted.According to Lasha Jugeli, Executive Secretary of the Georgian Financial Markets and Treasury Association, the Georgian Financial Markets Development Program (GMAP) is the result of many years of focused coordination in the Georgian banking sector and represents a turning point for the association and the financial institutions represented in it.“With the help of Nasdaq’s global expertise, the shared infrastructure with the institutional support of the National Bank of Georgia, as well as the project management funding allocated through the Japan-EBRD Cooperation Fund, our member banks are not only modernizing their operational and financial operations, but also collectively raising the standard of treasury management across the sector. We are proud to have played a central role in the implementation of this initiative and look forward to the real benefits that this project will bring to our members and the local financial markets as a whole,” he said.
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In the second quarter of 2026, the share of EU countries in international travel revenue was determined at 17.7% and amounted to 194.9 million USD - an increase of 12.1% compared to the same period last year.According to statistics, revenues from Azerbaijan, Ukraine and Armenia have increased by 10.3%, 49.8%, 5.6% annually and, respectively, are equal to 59.5, 53.7, 39.9 million USD. Against the backdrop of the war in the Middle East, revenues from travel from Israel and Iran have decreased by 3.0% and 65.1% annually, to 123.8 and 10.2 million USD, respectively.
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According to the National Bank of Georgia's monthly review, in May, compared to the previous month, the average exchange rate of the lari against the US dollar strengthened from 2.6955 to 2.6806 (by 0.6%), and against the Euro from 3.1481 to 3.1315 (0.5%).At the end of May, the official exchange rate of the lari against the US dollar and the Euro amounted to 2.6693 and 3.1079. During this period, the maximum exchange rate value was 2.6916, the minimum - 2.6693 (04/2026 - 2.70%, 2.69%, respectively). In April, the GEL strengthened by 0.9% against the dollar, but it strengthened less against the Euro, depreciating by 0.1%.
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Khutsishvili met with the Vice PM of Turkmenistan - the main topic is...
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MFOs were fined
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NBG launches online platform to compare banking fees and deposit rates
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Gov't Plans to Build Four Regional Landfills Across Georgia by 2030
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NBG to Cut Dollar Purchases in July
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