According to him, the modernization of the infrastructure in the passenger direction will be completed in the near future. The Tbilisi-Akhaltsikhe route will be launched soon, and five trains are also undergoing major repairs and modernization. According to Lasha Abashidze, in the near future all flights will be operated by modern trains.As for the freight direction, Georgian Railway has already announced an international tender for the purchase of 45 new mainline freight locomotives."We will have absolutely new, modern locomotives. This will significantly improve the direction of freight transportation, which will make the railway and freight transportation faster and more efficient. At the same time, the company will increase its income, which will finance new projects", - noted Lasha Abashidze.
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According to the company, the growth was also due to the addition of new cargo flows - in the first half of the year, products appeared that were not or almost not transported in the same period last year.In parallel with the shipments, a significant increase was also recorded in the company's operational and financial results: Total revenue: GEL 352 million (+19% compared to the previous year) Adjusted EBITDA: GEL 92.2 million (+27%; in 6 months of 2025: GEL 72.4 million) Full EBITDA: GEL 137 million (+84%; in 6 months of 2025: GEL 74.3 million) Adjusted EBITDA margin: improved to 45% (from 25% in the previous year) Net profit: GEL 112.3 million (+74%; in 6 months of 2025: GEL 64.7 million) Meanwhile, according to Georgian Railways, the company's net profit in the first half reached GEL 112.3 million, which is a direct result of increased operational efficiency and expanded cargo turnover.
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According to G&T's research, in June 2026, electricity exports to Turkey dropped sharply - 7.9x in volume and 12.0x in value. Exports to Turkey totalled 24.0 GWh and US$ 0.7mn, and average export price stood at 2.8 USc/kWh (-34.4% y/y).ESCO was the sole exporter, supplying electricity to settle a previous obligation. The sharp declines in export prices, volumes and revenues reflect lower prices and increased generation in Turkey:• In June 2026, Turkey’s average market price was 2.9 USc/kWh -34.4% y/y, +61.1% m/m. • Such a low price significantly reduces the economic viability of exports, as exporters must also cover transmission and guaranteed-capacity fees totalling 1.5 USc/kWh.• Electricity generation in Turkey increased sufficiently for the country to pause commercial imports from Georgia. Higher generation in Turkey reflected favourable hydrological conditions and rapid solar capacity additions.Exports from Georgia to Turkey resumed on July 6, 2026 as Turkish electricity prices increased. The average Turkish market price reached 6.0 USc/kWh over 1-20 July. In July 2026, the companies exporting electricity were: Achar Energy 2007, Energy Development Georgia, Svaneti Hydro, Kasleti-2, AISI LLC, Austrian Georgian Development and ESCO.
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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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As Turkmen President Serdar Berdimuhamedow, who is on his first state visit to Georgia, stated at a joint briefing with Prime Minister Irakli Kobakhidze, the bilateral logistics portfolio includes very promising projects. According to him, in addition to the transport sector, the parties want to deepen partnership in the energy, telecommunications, textile and construction sectors.Berdimuhamedow emphasized the historical ties between the two countries and noted that the agreements signed during the current state visit also envisage the expansion of scientific and educational cooperation between universities.It is noteworthy that the high-level visit to Tbilisi coincides with the 35th anniversary of the establishment of diplomatic relations between Georgia and Turkmenistan.
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According to Moldovan publication point.md, the project has reached this phase following the signing of a memorandum of understanding between Transelectrica and the Georgian State Electrosystem (GSE).The high-voltage submarine cable, which will run along the bottom of the Black Sea, will provide electricity transmission between the two countries, effectively opening a new route for electricity supply to the European Union.“One of the most important energy projects in the region is taking shape. Following the signing of the Memorandum of Understanding, the partnership is entering the stage of technical preparation, which is necessary to create the infrastructure for the energy connection between Romania and Georgia,” Transelectrica said in a statement.What does the project mean for Romania and what are its parameters?For Romania, the implementation of this project means closer integration into the European energy system, access to new sources of electricity, increased energy security, the ability to integrate more renewable energy, and a strengthening of the country’s role in Europe’s energy infrastructure.The project involves the construction of a high-voltage transmission line and a digital connection between the Georgian city of Anaklia and the Romanian city of Constanta. Total length: 1,155 kilometers (of which 1,115 km will run on the Black Sea bed and 40 km on land). Capacity: The planned capacity of the line is 1,300 MW. Transelectrica notes that the project is a significant step towards the development of modern energy infrastructure and strengthening international cooperation.
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This is an important innovation, because last year only one price was set for Saperavi and other grape varieties. In accordance with the Law “On Vine and Wine”, in the case of grapes of permitted varieties, price differentiation will be carried out by the percentage of sugar content.What will the subsidy for the 2026 harvest cost the budget?The government has so far issued only one decree for the 2026 harvest, according to which GEL 60 million should be spent on subsidies. However, the experience of past years shows that the actual expenditure, as a rule, is much higher than the original plan.For comparison, the government had initially also set GEL 60 million for subsidizing the 2025 harvest, although in the end the actual expenditure turned out to be 3.5 times higher – GEL 220 million (in total, GEL 241 million was spent from the budget to purchase grapes that remained outside the private sector).It should be recalled that within the framework of the 2025 harvest, due to a surplus harvest and low demand from the private sector, the state had to purchase 145,742,918 kilograms of grapes from the budget.
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China Eastern Airlines will implement the flights three times a week on Wednesdays, Fridays and Sundays.China Eastern Airlines is the third Chinese airline to operate regular flights between Georgia and China.“The new route will help strengthen tourism, business, and trade-economic ties. Combined with the visa-free regime, travel between the two countries will become easier,” the Union of Georgian Airports said.Tickets can be purchased on the airline's official website: www.ceair.com
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Khutsishvili met with the Vice PM of Turkmenistan - the main topic is...
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NBG launches online platform to compare banking fees and deposit rates
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Five Leading Georgian Commercial Banks to Transform Treasury Infrastru...
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China Eastern Airlines to operate direct flights between Tbilisi and S...
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TBC and FMO Close Landmark USD 210 million Syndicated Financing
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