
In August 2025, the number of transactions of newly-built flats in Batumi has increased by 16.5% year over year, while older flats saw a 19.4% decrease. The number of transactions on the primary market of newly built flats increased by 27%, while the secondary market recorded a 6% increase.In August 2025 the weighted average price of newly-built flats in Batumi increased by 24.2% equaling USD 1,358 per sq m.The weighted average price increased in both primary (39.3%) and secondary (9.5%) markets. In one large project, around 140 transactions were registered all at once in August 2025, which caused a sharp increase in the weighted average price.
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As of August 2025 in Tbilisi the weighted average price of old flats has increased by 11.1% in the suburbs compared to August 2024, in the wide centre 1.2% growth was witnessed, while in the city centre the weighted average price increased by 20.2%. It should be noted that due to the low number of transactions in the city centre, prices fluctuate significantly.In August 2025, in Tbilisi the number of transactions of residential flats amounted to 2,889 units, reflecting 8.8% YoY decrease. Market size increased by 0.7% standing at USD 225 millions. Note: The methodology of price analysis has been updated for new projects, which has resulted in changes in 2022-2025 figures.As of August 2025 the weighted average price of newly-built flats in Tbilisi has increased by 12.2% in the suburbs compared to August 2024, 7.6% growth was observed in the city centre, while in the wide centre 19.6% increase was witnessed. In the wide center, the primary market for newly built flats recorded a 31% increase in prices, driven by the delayed registration of transactions by developers. On the secondary market, the weighted average price rose by 5.7%.
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The large-scale international event will bring together high-ranking political leaders, business representatives, and members of international organizations. Attendees will include prime ministers, vice prime ministers, and sectoral ministers from both regional and non-regional countries, along with leading global companies, international financial institutions, and experts.According to the Ministry, up to 2,000 delegates are expected to participate. Over the years, the Tbilisi Silk Road Forum has established itself as a high-level platform for dialogue between governments, international organizations, and the private sector. The forum serves as an important venue for discussions on trade and economic relations, transport and logistics between Europe and Asia—including the strategic “Middle Corridor”—as well as new projects across various sectors.The 2025 forum will be held under the theme and slogan: “Invest in Connectivity – Grow in Stability.” Discussion sessions and panels will be moderated by internationally recognized media representatives.The official opening ceremony will take place on October 22 at the Zakaria Paliashvili National Opera and Ballet Theater, where the Prime Minister of Georgia will deliver the opening speech. On the same day, seven thematic sessions will be held, covering trade, transport, energy, and digital technologies. An investment forum is also scheduled for October 22.On October 23, the Tbilisi Financial Summit will be held within the framework of the forum, with participation from leaders of the global fintech industry. In parallel, representatives of participating companies will conduct bilateral business meetings on both days of the event.
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The value of export increased by 6.7 % reaching USD 4 448.0 million, while the import increased by 9.7 percent and amounted to USD 11,804 million.The trade deficit equaled USD 7,356 million and its share in trade turnover constituted 45.3%.
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In the first half of 2025, the natural increase (the difference between the number of live births and the number of deaths) totaled -4,999. The positive natural increase was registered in Tbilisi (406) and Adjara A.R. (296).In the first 6 months of 2025, the number of registered marriages equaled 9,925 and the number of divorces 6,456.
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Currently, the harvest is being stored in the municipalities of Dedoplistskaro, Sighnaghi, Gurjaani, and Kvareli. More than 1,300 winegrowers have delivered their grapes to local wineries.“The vintage, grape harvest, will commence in stages across the remaining municipalities of Kakheti once the grapes reach optimal maturity. Of the grapes processed by wineries, approximately 12,000 tonnes are Saperavi, around 7,000 tonnes are Rkatsiteli, with the remainder comprising various other varieties. There are up to 350 registered wine companies and cellars working with the Vintage 2025 Coordination Headquarters, of which 110 are already actively involved in the harvest and processing. For any information related to the grape harvest, please contact the Ministry of Environmental Protection and Agriculture hotline on 1501, or the Vintage 2025 Coordination Headquarters on 0322 193 283,” the Ministry stated.Additionally, by decision of the Georgian government, this year the state enterprise Crop Management Company LLC will accept surplus grapes at differentiated prices based on certain criteria: Saperavi grapes from Kakheti will be purchased at GEL 1.50 per kilogram, other wine varieties permitted under Georgia’s Law “On Vine and Wine” at GEL 1.20, and substandard, damaged, or diseased grapes at GEL 1.00. Subsidies will no longer be provided to private wine companies within Kakheti.
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The primary market also saw its highest sales volume this year, partly driven by discounts offered in July. These trends indicate a stabilization of the market after a period of sluggish demand. On the supply side, the volume of permits issued increased in July. At the same time, prices continued to rise in both the primary and secondary markets.DemandIn Jul-25, total number of sold apartments in Tbilisi, according to the Public Registry data, stood at 3,647 units, of which:• Sales on the secondary market continued to increase, up 13.4% y/y (down 0.3% y/y in 7M25).• Sales on the primary market, where data are impacted by delayed registrations, decreased by 2.6% y/y (up 4.7% y/y in 7M25).G&T real-time survey of developers, which captures current trends on the primary market, showed 7.3% y/y decrease in Jul-25, mostly due to a high base in Jul-24. However, positive monthly dynamics of apartment sales seems to be a sign of demand stabilization. Cumulatively, primary market sales were up 1.6% y/y in 7M25.In total, 22,778 transactions were registered in Tbilisi in 7M25, bringing the residential market value to USD 1.8bn (+6.0% y/y).SupplyIn Jul-25, construction permits were issued for 20 residential projects, with total living area reaching 113,332 sq.m. (+36.1% y/y, reflecting a low base in the previous year). Overall, permit issuance in 7M25 was up 2.8% y/y.PricesIn Jul-25, primary market price continued to grow, up by 0.2% m/m to US$ 1,340. Likewise, the average price on the secondary market (for new buildings built with permits issued after 2013) was up by 0.6% m/m to US$ 1,263.RentsIn Jul-25, price for renting an average apartment (50-60 sq.m.) in Tbilisi increased by 1.0% m/m to US$ 9.5 per sq.m., still down 3.1% y/y.
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According to Kvrivishvili, the optimization plan has generated budget savings of 700 million GEL through large-scale personnel reductions, decreased procurement and service costs, and more targeted spending on specific projects.“It is very important that this amount will be fully reinvested into strengthening and rehabilitating enterprises, as well as implementing targeted projects,” the minister stated.Kvrivishvili emphasized that the reform will have a significant impact on Georgia’s economy by supporting sectoral development and enterprise growth.“We are also moving forward with the next stages of optimization and preparing new strategies for sectoral and enterprise recovery. The public will be informed about the progress very soon,” she added.
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“Georgia remains a regional energy center, and we intend to increase our transit potential to new levels. Together with neighboring countries, we will continue to strengthen partnerships and introduce new technologies to maintain our role as a reliable energy center,” Pkhaladze said.The Deputy Minister highlighted the Black Sea Submarine Cable project, which aims to connect the South Caucasus and the Black Sea region to the European energy market. She emphasized that addressing challenges such as energy security, renewable integration, and grid reliability requires regional cooperation and knowledge sharing.“Energy is not only a foundation for economic growth but also a pillar of national security and regional collaboration, particularly in green energy, which supplies the majority of Georgia’s electricity. Our policy continues to create a favorable investment environment for green energy, while simultaneously addressing the challenges of network reliability, security, and stability,” Pkhaladze added.The forum welcomed transmission system operators from countries including Denmark, Turkey, Azerbaijan, Armenia, Moldova, and Romania, as well as Canadian energy companies PSCAD and RTDS Technologies, experts from the International Council for Large Electrical Systems (CIGRE), and representatives from Schweitzer Engineering Laboratories (SEL), Batumi Maritime Academy, and Georgian universities.The event underscores Georgia’s commitment to strengthening domestic energy infrastructure while enhancing regional energy integration and fostering investment in sustainable energy projects.
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In detail:• The residential segment index increased by 1.6 percent compared to the previous month and by 7.8 percent compared to the same month of the previous year;• The non-residential segment index decreased by 3.0 percent compared to the previous month and increased by 6.7 percent compared to the same month of the previous year;• The civil segment index increased by 0.5 percent compared to the previous month and by 3 percent compared to the same month of the previous year.In July 2025 the Construction Cost Index (CCI) increased by 0.4 percent compared to the previous month. The change was mainly due to a 4.5 percent increase in average monthly nominal wages of employees in the construction sector, which contributed 0.73 percentage points to the total index change.Compared to July 2024 the CCI increased by 5.6 percent. The latter was largely caused by the 22.5 percent increase in average monthly nominal wages of employees in the construction sector and by the 1.5 percent increase in the prices of construction materials, which contributed 4.53 and 0.92 percentage points to the total index change, respectively. Along with this, the Construction Cost Index posted a 25.0 percent increase compared to February 2022.
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