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Prices of newly built apartments in the suburbs of Tbilisi up by 11.8%...

Prices of newly built apartments in the wider center increased by 30.3% in the primary market, which is due to the delayed registration of transactions by developers, while the increase in the weighted average price of primary transactions across the city amounted to 17.4%. In the secondary market, the weighted average price across the city increased by 9.4%.In October 2025, the weighted average selling price of old apartments in Tbilisi increased by 13.8% compared to October 2024, with an increase of 9.8% in the suburbs, 8.7% in the wider center, and 9.7% in the city center.In addition, the number of residential apartment transactions in Tbilisi in October 2025 amounted to 4,178 units, an increase of 9% compared to October of the previous year. The market size increased by 25.2% to $336 million.

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New Apartment Sales in Batumi Increase by 15%

In October 2025, the weighted average price of newly built apartments in Batumi increased by 16.5% and amounted to 1,292 USD per sq m. The price increase was mainly influenced by the primary market, where the indicator increased by 28%, while an increase of 5.3% was recorded in the secondary market.In addition, in October of this year, apartments sold over the years (up to 125 transactions) were registered in two large projects, which led to an increase in the weighted average price. Without these transactions, the indicator in new projects increased by 9.4%. Note: Some transactions in the primary market are registered late, which is why the price growth trend does not reflect reality.In October 2025, the number of residential apartment transactions in Batumi increased by 14.2% compared to October of last year and amounted to 1,625 units, while the market size increased by 26.9% to USD 100 million.

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Implementation of the Black Sea submarine cable project is advisable

“When the Georgian-Romanian joint venture applied for the status of a Project of Mutual Interest (PMI), the European Energy Community expressed strong support for the Black Sea Submarine Cable project. This played a crucial role in subsequent decisions,” said Inga Pkhaladze.According to Pkhaladze, before the project was included on the list of Projects of Mutual Interest, a comprehensive technical and economic feasibility study was carried out, which confirmed that the realisation of the Black Sea Submarine Cable (BSSC) was both viable and advisable.She added that the process of studying the Black Sea bed is currently underway, focusing on geophysical and geotechnical surveys, which require specialised ships to operate within Black Sea waters.The Deputy Minister emphasised that bringing the Black Sea Submarine Cable project under European energy legislation would facilitate obtaining licences on highly favourable terms and accelerate development, a factor of great importance. Moreover, Inga Pkhaladze highlighted that this legal alignment will significantly aid in attracting investors to the project.“The total investment involved is approximately 3.5 billion euros. Accordingly, grant funding could range from 30 to 50 per cent, and in some cases up to 75 per cent. This represents substantial support. Serious European and Asian investors are already engaging and expressing strong interest in participating,” she concluded.

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Grape Price to be Set by Its Sugar Level

“The global wine market has experienced relatively low consumption; fierce competition and overproduction are prevalent worldwide. Consequently, we believe that the spontaneous vineyard cultivation observed over the past decade needs to be regulated. Our focus must be on the quality of the final product, wine. From the soil to exposure, location, grape variety, and rootstock, everything must meet standards that enable us to produce a harvest of the highest quality, suitable for crafting exceptional wine. The legislative amendments aim to present the finest wines, made from the best grapes, to international markets,” said Levan Mekhuzla, Chairman of the National Wine Agency.Mekhuzla further explained that greater attention will be paid to grape conditions during the 2026 vintage to ensure wine quality.“Even though this year’s harvest saw two different pricing tiers, some winegrowers still focus on quantity rather than quality and condition. There have been instances where poor-quality grapes, with around 15-16% sugar content, were harvested. This is unacceptable even for alcohol production. Consequently, a new pricing policy will be introduced next year: grapes with less than 17% sugar will be sold at a substantially lower price. I would encourage all winegrowers to prioritise quality rather than quantity. Achieving a 17% sugar level in grapes is quite straightforward under Georgian conditions,” added the Chairman of the National Wine Agency.This week, the Georgian government discussed and approved the “Draft Law on Amendments to the Law of Georgia on Vine and Wine,” which seeks to promote the production of high-quality, competitive alcoholic beverages of grape origin. It also aims to consider the requirements of both local and international markets to facilitate their sale, reports the National Wine Agency.

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Fitch Ratings Improves Outlook for Georgian Banks

The banking sector is one of the largest sectors of Georgia’s economy, and the improved ratings indicate both increased confidence from international investors and strengthened resilience within the sector.The long-term credit rating outlook has been upgraded to Stable, while the long-term Issuer Default Ratings (IDR) remain at BB, and the Viability Ratings (VR) have been maintained at their existing levels.At the same time, Fitch Ratings improved the assessment of the operating environment for Georgian banks from ‘bb-/Stable’ to ‘bb/Stable’.According to the agency, this upgrade is driven by the banking sector’s sustainable development and strong credit performance since 2022. Despite a turbulent environment, the sector’s financial indicators and capital positions have remained stable across the board.

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GCCA initiates investigation into 11 companies participating in constr...

The investigation was launched pursuant to a request from the Ministry of Regional Development and Infrastructure of Georgia. The request indicated that observations made by the administrations of State Representatives across various tenders had revealed circumstances that appeared to be inconsistent with or potentially in breach of the Law of Georgia on Competition, thereby requiring appropriate action.Specifically, the tender monitoring process identified circumstances suggesting possible concerted practices by the following companies in relation to construction supervision tenders announced between 2022 and 2025 in the regions of Racha, Samegrelo, Guria, Mtskheta-Mtianeti, Shida Kartli, Kvemo Kartli, Imereti, Samtskhe-Javakheti, and Kakheti:LLC GeoExpert, LLC Zaisi & Company, LLC Engineering Monitoring Group, LLC Inspect-AS, LLC Optimal Group+, LLC Expert House, LLC SkyScaper, LLC TIAG Auditescort, LLC Chrizoliti+, LLC Mshen-Expert+, and LLC Megamsheni.The Agency’s preliminary analysis identified multiple factors giving rise to a reasonable suspicion that coordinated conduct may have occurred among the undertakings concerned. Consequently, GCCA formally initiated an investigation.During the current year, the Agency has concluded three investigations. In two instances, infringements were confirmed, involving abuse of a dominant position, specifically through the imposition of unfairly high prices. In one case, no violation was established. Currently, two investigations remain ongoing, one concerning alleged abuse of a dominant position and the other relating to potential concerted practices.

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