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NBG adds USD 500m in gold to boost reserves in 2026

“The National Bank first initiated investments in monetary gold in 2024. Diversifying reserve assets and managing them effectively remains one of the NBG’s strategic priorities. Investing in monetary gold aims to diversify international reserves and safeguard them against volatility across global financial markets,” the statement read.Alongside the expanding gold portfolio, Georgia’s gross international reserves hit an all-time high of USD 8.25bn in October 2026. This represents a 47.2 per cent increase year-on-year and a month-on-month rise of USD 82.6m.Reserve adequacy metrics have also strengthened significantly. Under the International Monetary Fund’s Assessing Reserve Adequacy (ARA) metric, Georgia’s reserves stand at 130 per cent, comfortably surpassing the IMF’s recommended benchmark of 100 per cent.The central bank reiterated its long-term policy of accumulating international reserves while maintaining efficient asset management and diversification. The NBG actively replenishes foreign exchange reserves when market conditions are favourable, reporting net market purchases of USD 3,370.7m over the first nine months of 2026 (January–September).The NBG is scheduled to publish its next updated reserve figures on 7 December 2026.

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Construction Cost Index up by 6% year-on-year in September

By sector, residential construction costs edged up 0.8 per cent month-on-month, representing a modest 0.7 per cent increase on the year.By contrast, non-residential construction costs saw a sharp increase, surging 5.9 per cent from August and 10.2 per cent compared with September 2025. The civil engineering index also expanded, climbing 2.3 per cent month-on-month and 9.4 per cent year-on-year.Geostat noted that the 2.3 per cent monthly uptick was primarily driven by a 7.3 per cent surge in average monthly nominal wages across the sector, which added 1.45 percentage points to the overall index.“Compared with the same month of the previous year, the Construction Cost Index grew by 6.0 per cent,” Geostat detailed in its report. “This annual growth was largely spurred by a 25.9 per cent rise in transport, fuel, and electricity expenses, alongside a 5.4 per cent increase in average monthly nominal wages for hired workers, contributing 2.99 and 1.75 percentage points to the overall change, respectively. Furthermore, compared with the February 2022 baseline, the Construction Cost Index has risen by 32.2 per cent.”

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TBC will pay a dividend of GEL 1.75 per share for 3Q26

The 3Q 2026 Dividend will be payable in Pounds Sterling to ordinary shareholders of TBC Group on the register of members at the close of business on the record date of 8 January 2027, pursuant to the following timetable: Ex-Dividend Date: 7 January 2027 Record Date: 8 January 2027 Currency Conversion Date: 15 January 2027 Payment Date: 5 February 2027 The Georgian Lari to Pound Sterling exchange rate that will apply to the 3Q 2026 quarterly dividend payments on the conversion date of 15 January 2027 will be the average exchange rate of the National Bank of Georgia for the period of 11 January 2027 to and including of 15 January 2027 (5 days average).

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BAG Business Climate Rises to 48.4 Points – 68% of Companies Plan to I...

Regarding the index components, future business expectations significantly outperform the assessment of the current situation. Specifically, the index for the current business situation stood at 29.7 points, while the index for expectations over the next six months reached 68.6 points. Both figures fall within the positive zone (on a scale from +100 to -100), indicating that the share of companies with a positive outlook exceeds that of companies with a negative outlook.By sector, the employment barometer rose by 3.8 points compared to the second quarter. The highest expectations for employment growth were recorded in the construction (+44.8) and manufacturing (+22.2) sectors. In contrast, a downward trend in employment was observed in the services (-9.8) and trade (-2.6) sectors.According to the survey, the majority of the companies polled also hold an optimistic outlook regarding investment activity. 68% of the companies expect an increase in total investments in 2026, 27% believe that investments will remain unchanged, while only 4% forecast a decline.The BAG Index is a joint project of the Business Association of Georgia (BAG), the PMC Research Center, and the German ifo Institute for Economic Research, published on a quarterly basis.The survey in question was conducted between September 1 and September 16, 2026.

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Korean Premium Skincare Brand Erborian Officially Launches in Georgia...

Present in 53 countries worldwide, Erborian is known for brings together Korean skincare expertise, French sophistication and advanced cosmetic technologies. Founded in 2007, the brand gained international recognition through its iconic BB and CC creams, which combine skincare and makeup benefits. Today, Erborian continues to expand its portfolio with innovative formulas designed to meet evolving skincare needs.Inspired by Korean beauty traditions, Erborian incorporates ingredients such as Ginseng, Centella Asiatica, Bamboo, Yuzu and Korean snow mushroom into its innovative skincare formulations.The brand's arrival in Georgia further expands PSP's K-beauty portfolio. Since introducing its first Korean skincare brand, Mizon, to the Georgian market in 2018, PSP has become the official and exclusive local partner of more than 10 Korean beauty brands: Mizon, Missha, A'pieu, Village 11, Dermafirm, Manyo, Round Lab, COSRX and Beauty of Joseon.Erborian’s arrival in Georgia marks another step in expanding access to internationally recognized K-beauty brands for local consumers. Georgian consumers can now discover Erborian's skincare range across PSP's pharmacy network."As Georgia's leading pharmacy brands, PSP continues to introduce Georgian consumers to leading international K-beauty brands and emerging skincare innovations. With Erborian now available in our network, customers can discover the brand and explore its range of products.With its distinctive blend of Korean skincare heritage, French sophistication and contemporary innovation, Erborian continues to bring its unique beauty philosophy to consumers around the world. Now, Georgian consumers can experience it through PSP's pharmacy network”, - PSP representatives stated.(R)

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USD 3.2 BLN worth of real estate sold in Tbilisi in 3Q26 - G&T

DemandIn Sep-26, total number of sold apartments in Tbilisi, according to the Public Registry data, stood at 4,330 units (+8.0% y/y), of which: Sales on the secondary market increased slightly by 2.1% y/y to 2,163 (up 14.0% y/y in 9M26). Sales on the primary market, where data are impacted by delayed registrations, were up 14.5% y/y to 2,167 (up 19.9% y/y in 9M26). According to the survey of developers, which captures current trends on the primary market, showed that demand on the primary market remained solid despite a 26.6% y/y decline from the high base of Sep-25. Cumulatively, the number of apartments sold on the primary market was up 20.6% y/y in 9M26. In total, 35,033 transactions were registered in Tbilisi in 9M26, bringing the residential market value to US$ 3.2bn (+26.3% y/y).Supply In Sep-26, the area of issued permits continued to decline, down 39.6% y/y to 117,252 sq.m in 19 construction projects. Cumulatively, living area of permits issued in 9M26 declined by 7.6% y/y.Prices In Sep-26, primary market price increased moderately, up 0.2% m/m at US$ 1,434 per sq.m (+6.7% y/y). The average price on the secondary market (for new buildings built with permits issued from 2013) was down 0.9% m/m after two months of strong growth, reaching US$ 1,387 per sq.m (+5.9% y/y).Rents In Sep-26, price for renting an average (50-60 sq.m) apartment in Tbilisi increased by 8.6% m/m to US$ 11.3 per sq.m, reflecting a temporary rise in demand at the start of the academic year, lifting rental yield to 9.4%.

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