Compared to July 2026, prices rose by 4.6% in the mining and quarrying group, contributing 0.34 percentage points to the change in the overall index. During the same period, prices decreased in the manufacturing group (-0.2%), contributing -0.15 percentage points to the overall index change. Additionally, a 6.8% price increase was recorded in the electricity, gas, steam, and air conditioning group, which contributed 0.67 percentage points to the total monthly index change.According to Geostat data, the formation of the index over the 12-month period was primarily influenced by price changes in the following products: Mining and quarrying: prices increased by 20.1%, contributing 1.34 percentage points to the change in the overall index. Within this group, a notable price increase occurred in metal ores (22.9%); Manufactured products: prices rose by 5.1%, contributing 4.02 percentage points to the overall index's growth. Price increases were observed in food products (5.7%) and basic metals (10.1%); Electricity, gas, steam, and air conditioning: prices increased by 2.6%, contributing 0.28 percentage points to the annual change in the overall index; Water supply, sewerage, waste management, and remediation services: prices increased by 6.3%, contributing 0.2 percentage points to the overall index.
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In January–August 2026, the top ten countries accounted for 65% of Georgia's total domestic exports. The largest export partners in this regard are: China – $529.1 million Russia – $468.3 million Turkey – $297.3 million Oil and oil products topped the list of domestic exports in January–August 2026 with a value of $649.1 million, representing 19.8% of total domestic exports. Precious metal ores and concentrates rank second with $403.1 million (12.3% of total domestic exports), while ferroalloys occupy third place with $219 million (6.7% of total domestic exports).
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In January–August 2026, the ten largest export partner countries accounted for 68.8% of Georgia's total exports. The top three export destinations were as follows: Kyrgyzstan – $577.6 million China – $543.7 million Russia – $500.7 million According to Geostat data, the ten largest import partners accounted for 70.2% of Georgia's total imports in January–August 2026. The top three are: Turkey – $1.9 billion Russia – $1.5 billion USA – $1.5 billion In January–August 2026, the ten largest trading partners accounted for 65.7% of Georgia's total foreign trade turnover. The country's largest trading partners are: Turkey – $2.24 billion China – $2 billion Russia – $2 billion According to Geostat data, passenger cars took first place among the top ten export commodity groups in January–August 2026, with a value of $1.34 billion, representing 24.9% of total exports. Oil and petroleum products rank second with $688.9 million (12.7% of total exports), while precious metal ores and concentrates take third place with $403.1 million (7.4%).The largest import commodity group in January–August 2026 consisted of passenger cars, with imports totaling $2.36 billion, or 18.9% of total imports. Oil and petroleum products rank second with $1.16 billion (9.3% of imports), while medicinal products take third place with $468.4 million (3.7% of imports).
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The percentage change in the GDP deflator stood at 3.0 per cent for Q2 2026.GeoStat reported that key positive drivers of economic expansion during the second quarter included information and communication (16.6 per cent), wholesale and retail trade alongside motor vehicle and motorcycle repair (8.0 per cent), transportation and storage (19.8 per cent), arts, entertainment and recreation (17.4 per cent), manufacturing (7.3 per cent), and human health and social work activities (15.0 per cent).Conversely, notable contractions were recorded in construction (-4.8 per cent) and agriculture, forestry, and fishing (-3.5 per cent).According to the agency’s report, wholesale and retail trade alongside motor vehicle and motorcycle repair accounted for the largest share of GDP by economic sector at 14.9 per cent, followed by real estate activities at 9.1 per cent. Subsequent shares were held by manufacturing (8.9 per cent), information and communication (7.6 per cent), public administration and defence including compulsory social security (6.5 per cent), construction (6.5 per cent), agriculture, forestry, and fishing (6.4 per cent), education (6.4 per cent), and transportation and storage (6.3 per cent).
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He noted that while last year also saw a high yield, this year’s figures are set to reach record levels."Preliminary forecasts indicate a record harvest this year; last year’s yield was also very high, but this year’s figure will be an absolute record. We are prepared for this in advance, including in terms of subsidies," Kobakhidze stated.According to the Prime Minister, the Ministry of Environmental Protection and Agriculture is managing the organization of the harvest, and the necessary preparatory work has already been completed.
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The head of government explained that the suspension of the Namakhvani HPP project was the result of "direct sabotage" that took place several years ago, involving non-governmental organizations funded by specific sources and electricity-importing companies. According to Kobakhidze, the state was weaker at the time while foreign agent networks were strong; however, the situation today is radically different, and such processes cannot happen again.The dispute gained momentum following a decision issued on September 11, 2026, by the U.S. District Court for the District of Columbia (Judge Amit P. Mehta). A U.S. federal court in Washington has authorized the enforcement of an international arbitration award requiring the payment of $297 million in principal compensation, up to $52.4 million in tax compensation and additional interest (SOFR + 4%) to the Georgian company Enka Renewables LLC. As of 2026, the total amount, including accrued interest, significantly exceeds $400 million. According to the Ministry of Justice, the state plans to appeal the ruling.Chronology of the Namokhvani HPP project and the arbitration dispute:• June 9, 2021 – Then-Prime Minister Irakli Garibashvili announced that the Namokhvani HPP project-envisaging a 433-megawatt capacity and an $800 million investment-would not proceed in its existing form.• October 2021 – Enka Renewables, a subsidiary of the Turkish company ENKA, having already invested up to $100 million in preparatory works, terminated its investment agreement with the state citing *force majeure* and initiated international arbitration proceedings due to a breach of terms. 2025–2026 – the period when, according to the initial plan, the hydroelectric power plant cascade was scheduled to become operational.• September 11, 2026 – the U.S. District Court for the District of Columbia rejected Georgia's attempt to stay the enforcement of the arbitral award and recognized the tribunal's decision in favor of ENKA, awarding over $400 million in compensation.According to the Prime Minister, despite the current situation, the country has ambitious plans that include the construction of three large hydroelectric power plants, as well as medium and small hydropower plants and wind and solar power stations.
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“At this stage, nearly 400 wineries are registered with the Harvest Coordination Headquarters and will phase into the grape reception process. This year’s harvest forecast stands at approximately 320,000 tonnes. The Georgian Government has stepped in to guarantee the full sale of this year’s grape crop, ensuring every winegrower has a secured market for their surplus. To this end, the state-owned Harvest Management Company LLC will purchase harvested grapes from individuals across Kakheti under established terms and conditions,” the statement noted.Under these guidelines, standard-quality, undamaged Saperavi grapes with a sugar content of no less than 21% will be purchased at GEL 1.50 per kilogramme. Substandard Saperavi, with sugar content ranging between 17% and 21% or showing partial damage, will be priced at GEL 0.90 per kilogramme. Saperavi grapes with less than 17% sugar content or significant damage will be set at GEL 0.30 per kilogramme.Under the Law of Georgia on Vine and Wine, undamaged grapes from other permitted varieties with at least 20% sugar content will be priced at GEL 1.30 per kilogramme. Grapes with sugar content between 17% and 20% will fetch GEL 0.80 per kilogramme, while those with less than 17% sugar content will be set at GEL 0.30 per kilogramme.The harvest coordination headquarters in Gurjaani is actively managing the grape intake process. For further information regarding the harvest, growers can call the dedicated hotlines at 1501 or 032 219 37 18.
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According to the news agency haqqin.az, this information is revealed in the case files of the U.S. District Court for the District of Columbia (*ENKA Renewables LLC v. Georgia*).The International Chamber of Commerce issued the arbitration award in December 2024. Interest on the amount accrues on a quarterly basis.The arbitration dispute began in October 2021, after then-Prime Minister Irakli Garibashvili announced that the Namakhvani HPP project would not proceed in its existing form.By that time, ENKA had invested approximately $100 million in preparatory work for the project. The total value of the project had been estimated at $800 million.
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GeoStat reported that domestic exports rose to USD 5,422.6 million, marking a sharp 22.1% year-on-year expansion, while imports grew by 3.3% to USD 12,493.0 million.The negative trade balance for January–August 2026 stood at USD 7,070.5 million, accounting for 39.5% of total foreign trade turnover.
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According to preliminary data, 13.7 million tons of cargo were handled at Georgian seaports and terminals over the eight-month period, marking a 24% increase compared to the same period last year.During the same period, the volume of containers handled at the ports reached 554,174 TEU, representing a 9% year-on-year increase. Both figures set records for the January–August period over the last decade.The volume of cargo transported by rail reached 9.7 million tons, an 11% increase compared to the same period in the previous year. Specifically, the volume of cargo transported under the transit regime grew by 14%. Regarding air cargo, 29.3 thousand tons of freight were processed at Georgian airports over an eight-month period; this represents a 30% year-on-year increase and sets a record for the last decade.Growth was also observed in passenger traffic. Georgia's international airports served 5.7 million passengers between January and August - a 1% increase compared to the same period last year and the highest figure recorded for the first eight months of the year in the last decade.Furthermore, the number of passengers served by Georgia's international airports in August alone set a new monthly record.
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“Wine Without Fear”: What Lies Beyond Scores and Regulations? - An Int...
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NBG and J.P. Morgan Hosted Central Bank Managers from Nearly 15 Countr...
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NBG keeps monetary policy rate at 8.25%
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An agreement on mutual access to securities markets was signed between...
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NBG: Core inflation is 3.6%, indicating a moderate impact on inflation...
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