Economics

Uzbek Transport Minister: Georgia, as a maritime country, has an impor...

According to Ilhom Mahkamov, the Trans-Caspian Transport Corridor and Connectivity Investment Forum and the meeting of transport ministers of the European Union, Central Asia, the South Caucasus and the Black Sea region held within its framework are important for the countries, including Georgia and Uzbekistan, in terms of deepening trade and economic ties.The Minister emphasized the importance of Georgia as a maritime country in terms of connectivity between Central Asia and the European Union. According to him, close and effective communication between Uzbekistan and Georgia is very important in terms of creating new transport corridors, diversified routes and developing existing ones.The Minister of Transport of Uzbekistan also spoke about the prospects for cooperation between Georgia and Uzbekistan in the tourism sector, which is characterized by growing dynamics, as well as the existing air traffic between the two countries. In addition, he said that it is important that direct flights are being operated between Tbilisi and Tashkent. According to Ilhom Mahkamov, all this contributes to the deepening of economic ties between the two countries.A forum was held in Tashkent within the framework of the “Global Gateway” initiative.Georgia is also participating in the forum. The delegation includes: Minister of Economy Mariam Kvrivishvili and her deputies; Tamar Ioseliani and Genadi Arveladze.The goal of the forum is to strengthen the EU's cooperation with partner countries along the Trans-Caspian Transport Corridor to facilitate transport links between Europe and Asia.

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GDP expands by 6% in October 2025

As reported by GeoStat, sectors such as information and communication, transport and storage, financial and insurance services, and real estate activities made notable contributions to this growth in October 2025, year-on-year.Conversely, a downward trend was observed in the construction, mining, and energy sectors.

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Economy Minister Participates in Middle Corridor Investment Forum in T...

The Ministry of Economy notes that the forum aims to strengthen the EU’s cooperation with partner countries along the Trans-Caspian Transport Corridor to facilitate transport links between Europe and Asia.The forum was opened by Uzbek Deputy Prime Minister Jamshid Khojayev and Transport Minister Ilhom Mahkamov, as well as European Commissioner for International Partnerships Jozef Síkela and European Commissioner for Enlargement Marta Kos.As part of the event, a panel discussion is planned, where Mariam Kvrivishvili will present the vision and plans of the Georgian government on how the country can contribute to the development of the Trans-Caspian Transport Corridor and the establishment of close transport links between our region and the European Union.Mariam Kvrivishvili will also participate in the meeting of transport ministers of the European Union, Central Asia, the South Caucasus and the Black Sea region, planned within the framework of the forum.The Georgian delegation is also represented by Deputy Ministers Tamar Ioseliani and Genadi Arveladze.

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Average price of a 1 sq m apartment in Tbilisi increased to $1,347

In October last year, it was 21%. According to them, the average price of an apartment for sale in Tbilisi in October increased by 4% year-on-year to $1,347.In October 2025, the largest share of apartments sold fell into the small category with an area of 50 to 75 sq m. As for apartments from 75 to 125 sq m, they increased by 2% and amounted to 22%. At the same time, the category with the smallest share (apartments with an area of more than 125 sq m) accounted for 5% of total sales.As for prices, according to a study by TBC Capital, in October 2025, the most expensive one square meter on the secondary market was in Vake - 2,299 dollars, and the cheapest was in Samgori - 1,118 dollars. Vake - $2,299 Mtatsminda - $2,247 Saburtalo - $1,552 Chugureti - $1,468 Krtsanisi - $1,451 Didube - $1,354 Isani - $1,217 Nadzaladevi - $1,163 Gldani - $1,149 Didi Digomi - $1,143 Samgori - $1,118 TBC Capital's review also notes that in October 2025, a total of 4,129 apartments were sold in the Tbilisi real estate market, which is a 13% increase year-on-year.The total number of apartments sold during the 10 months of 2025 increased by 3% year-on-year. According to the investment bank, such growth is partly due to the commissioning of large construction projects.

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Georgian Railways announces tender for purchase of 120 freight wagons

“The tender announced for the purchase of freight gondolas is the first result of the optimization carried out in the company - Georgian Railways plans to purchase the wagons with the saved funds. It is worth noting that a large part of the existing wagon and locomotive fleet is outdated in terms of technical parameters and condition and requires renewal/modernization. We will work actively for this purpose. This initiative is aimed at optimizing the transport and logistics direction of Georgia and increasing its throughput, as well as the efficiency of the railway,” Lasha Abashidze noted.It is worth noting that the addition of gondolas is critically important for the wagon fleet of Georgian Railways due to the high demand for them, gondolas are important in the working process of local production.According to the tender documentation announced by Georgian Railway, the service life of the wagons has been determined to be at least 22 years, and the design speed should not be less than 120 km/h. It is also important that the proposed wagons will be built no earlier than 2025, should not have been in operation and should not have participated in loading/unloading operations. In addition, the wagons should be able to carry at least 69 tons of cargo.The estimated cost of the purchase is 20,142,312 GEL. The tender will start on December 10, 2025 and end on December 12.

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China Joins Georgian, Azerbaijan, Kazakh Railways Joint Venture

An agreement has been signed between China Railway Container Transport (CRCT) and Middle Corridor Multimodal Ltd, a joint venture of the Georgian, Azerbaijan, and Kazakh railways, eadaily.com’s Caucasus Bureau reports.The agreement was signed during the Second International Forum on Railway Cooperation “China-Europe” in the Chinese city of Xi’an.

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Unit value of nonperennial crops decreased by 24.2%

The change was mainly due to a 24.2 percent decrease in the unit value of nonperennial crops, which contributed -6.1 percentage points to the total index change. Compared to the corresponding quarter of the previous year, the Unit Value Index of Agricultural Products increased by 11.3 percent.The latter was largely caused by the 9.3 percent increase in the unit value of live animals and animal products, which contributed 5.19 percentage points to the total index change. In the same period, the unit value of perennial crops went up by 9.4 percent, and by 23.2 percent for non-perennial crops, with the relevant contribution of 2.13 and 3.98 percentage points to the total index change, respectively.

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Nadareishvili: Target audience of Eagle Hills projects is Georgian cit...

“This is utterly absurd. It is unthinkable that a real estate project is being developed within our country and that local residents would be excluded from buying there. Naturally, the target audience of these projects is and will continue to be Georgian citizens,” Irakli Nadareishvili affirmed.According to the Deputy Minister, the pricing of real estate within the Eagle Hills developments will reflect the current economic situation in Georgia.“This will be evident in the pricing strategy, as it is simply impossible for the prices to fall outside the commercial parameters, which include construction costs and related factors in Georgia. Moreover, we are familiar with Eagle Hills projects in various countries, and therefore, such risks are unthinkable,” Nadareishvili added.The Deputy Minister further explained that the company’s sales office is situated in a prime location in Tbilisi, on Rustaveli Avenue, where Georgian citizens will have access to purchase property. An active marketing campaign and pre-sales phase are set to commence shortly.“The myth that there is a special pricing policy for certain groups will be dispelled very soon. There have been rumours suggesting that contracts include clauses based on nationality or quotas. This is completely unthinkable. It’s frankly laughable,” Nadareishvili concluded.

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Minister expects a surge of investors’ interests in sovereign bonds

Demand will exceed supply by 2/3. Lasha Khutsishvili bases this expectation on the country's economic indicators, the ongoing work carried out by the government, as well as the goodwill of investors, which, according to him, is really visible.In response to a question from Parulava in the Parliament, he noted that the refinancing of $ 500 million is planned for 04/2026 and due to the increase in the price of money, the interest rate will not be the same as it was 4 or 5 years ago, although the spread, which is set according to the country's risk, will be less than the component of the previous, 2021, issue rate.“Let's wait 3-4 months and we will see this soon”, - Khutsishvili said, adding that the upcoming refinancing is neither the first nor the last.In April 2021, the country's sovereign 5-year bonds were placed at 2.75%. The risk component was 2.2%. Accordingly, the minister expects it to rise to 2.2%.On 12.04.2021, the previous issue, 10-year Eurobonds issued in 2011 (6.875%), expired.

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Nadareishvili Names Development of National Startup Ecosystem a Priori...

"Development of the national startup ecosystem is one of the main priorities of the policy that the Georgian government has been implementing for the past 10 years, the goal of which is the development of an economy based on knowledge and innovation. For this very purpose, Georgia is participating in the world's largest technology event for the third time. Both the country's stand and Georgian startups are represented, which have the opportunity to talk to global investors and mentors about various projects," said Irakli Nadareishvili.In the exhibition space organized within the framework of the event in cooperation with the Georgian Innovation and Technology Agency and agency “Enterprise Georgia", the summit participants and visitors had the opportunity to get acquainted and receive comprehensive information about the business and investment environment in Georgia and the advantages of the startup ecosystem.Web Summit is one of the largest international platforms in the field of technology, where more than 70,000 participants from more than 160 countries, hundreds of startups, investors and representatives of international companies gather annually. This year, Georgian startups - Klics; BetterStep; VS1 – DeFi; Backoffice; Herio and Tasteit, which were distributed in different profile zones, participated in the technology summit. A panel discussion was held within the framework of the summit, one of the speakers of which was the Deputy Minister of Economy and Sustainable Development."We had the opportunity to get acquainted with global technology trends and products, and I also introduced myself in this regard. I participated in a panel discussion, where the discussion focused specifically on the offer that Georgia has for global startups, innovative and technological companies - including tax benefits and the startup status that we recently introduced in Georgia", - noted Irakli Nadareishvili.According to the Deputy Minister, it is important that Georgia is represented so diversely at the event - this will contribute to attracting new international investors to the country and the development of both specific startups and the startup ecosystem in general. In addition, as Irakli Nadareishvili noted, four new global accelerators will start operating in Georgia from 2026, which will significantly support startups, including in terms of entering the international market and attracting investments.The Chairman of the Innovation and Technology Agency, Avtandil Kasradze, and the Director of the "Enterprise Georgia", Mikheil Khidureli, participated in the Web Summit 2025.

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GDP expands by 6% in October 2025

1764323607 • Economics

Popular

Average price of a 1 sq m apartment in Tbilisi increased to $1,347

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Georgia to abolish administration for Russia-occupied territory of Tsk...

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Anti-Corruption Bureau to be disbanded; its functions transferred to S...

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Georgian companies' shares are mostly in the red on the LSE

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Nadareishvili: Target audience of Eagle Hills projects is Georgian cit...

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Politics

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Georgian Dream Received GEL 4.1 MLN Donations in September

The information released by TI states that “in September, the party received donations from those whose companies received GEL 204 million in direct purchases from the state, GEL 16 million in agricultural subsidies, 1.4 million sq m of construction permits, and 17 mineral licenses.”“In addition to winning tenders worth GEL 2.5 billion since 2015, companies affiliated with donors have received a number of other benefits from the state - direct purchases, agricultural subsidies, construction permits and mineral licenses.For more information about donations, as well as information about the donors' business interests and their participation in state procurement, visit the website: www.politicaldonations.ge,” the organization says in a statement.

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Georgia to abolish administration for Russia-occupied territory of Tsk...

According to Papuashvili, several legislative initiatives have been developed in consultation with the government, which will be tabled at today’s session of the Parliamentary Bureau. The Parliament plans to adopt these amendments by the end of the year.“I would remind the public that in November 2006, under the United National Movement government, unconstitutional elections were held in the Tskhinvali region, resulting in the proclamation of a so-called president of South Ossetia and the formation of a so-called alternative South Ossetian government. Through this action, the government of the day granted indirect legitimacy to separatist processes, an egregious and grave betrayal of Georgia’s state interests.Several months later, a Temporary Administrative-Territorial Unit Administration was established in June 2007, once again in breach of the Constitution, based on the very same unconstitutional ‘alternative government’. This decision artificially restored the administrative boundaries of the South Ossetian Autonomous Region, which had been abolished in 1990. This move later became one of the key factors enabling the 2008 Russian military aggression and the occupation of Georgia’s historic region of Samachablo.From today’s perspective, it is evident that these decisions were part of an external power’s geopolitical manoeuvre, with Georgia cast as a sacrificial pawn. The policies implemented under Saakashvili’s leadership provoked an escalation in the region and ultimately drove the country towards war.Against this backdrop, members of Georgia’s Parliament have assessed this decision as gross treachery against Georgia’s national interests, a view reflected in the constitutional lawsuit demanding that the United National Movement be declared unconstitutional. It must be emphasised that at a time when Georgia has spent years working to strengthen its policy of non-recognition, the United National Movement regime’s use of the term ‘South Ossetia’, even indirectly, was from the outset a betrayal of the Constitution and national interests. No ‘South Ossetia’ exists within Georgian legal or political space whatsoever.Accordingly, following consultations with the government, we have decided to abolish the administration of the administrative-territorial unit established on the territory of the former South Ossetian Autonomous Region.I should emphasise that the municipalities of Akhalgori, Kurta, Tighvi, and Eredvi will remain operational. These were elected in 2006 in full accordance with the Constitution. They represent the only legitimately elected and functioning government in the Tskhinvali region and thus constitute the sole lawful continuation of Georgia’s legal and constitutional framework,” declared Papuashvili.

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Anti-Corruption Bureau to be disbanded; its functions transferred to S...

During a recent briefing in Parliament, Papuashvili explained that the functions of the Anti-Corruption Bureau will be entirely transferred to the State Audit Office of Georgia (SAO).“The second key aspect involves reviewing and consolidating institutional models that have existed for years, often in a fragmented or externally imposed form. We aim to strengthen the constitutional framework of the governance system and optimise the utilisation of state resources.Tackling corruption remains one of the government’s top priorities. Significant steps have been taken in this direction recently. The process involves the Department of Government Administration Efficiency, the State Audit Office, the Anti-Corruption Agency of the State Security Service, and the Prosecutor’s Office.Currently, the Anti-Corruption Bureau primarily handles the collection and monitoring of declarations from officials, political parties, and non-governmental organisations. Following consultations with the government, it was agreed that this function would be better suited to the State Audit Office, an independent, higher constitutional institution operating within the framework of public governance.In line with this initiative, it has been announced that the Anti-Corruption Bureau will be abolished from March 2, 2026, with its responsibilities fully transferred to the State Audit Office,” stated Shalva Papuashvili.

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Negotiations with Russia on the return of IDPs to the occupied territo...

According to the Ministry, the Georgian delegation centred its discussions on the urgent need for Russia to fully fulfil its obligations under the ceasefire agreement, as well as on ensuring the safe and dignified return of internally displaced persons (IDPs) and refugees from the occupied territories to their homes.“In the period of November 11-12, 2025, the 65th round of the Geneva International Discussions took place, led by Deputy Minister of Foreign Affairs Lasha Darsalia.Throughout the negotiations, the Georgian delegation emphasised the core issues on the agenda, notably the necessity for Russia to implement its international commitments under the August 12, 2008, ceasefire agreement brokered by the European Union, and to facilitate the safe and dignified return of internally displaced persons and refugees to their homes from the occupied territories.The importance of restoring the Incident Prevention and Response Mechanism (IPRM) in Gali without preconditions was underscored, along with the need for the mechanism to operate regularly in Gali and Ergneti in accordance with fundamental principles.The Georgian side also strongly raised concerns about the occupation of the territories, highlighting the serious security, humanitarian, and human rights crises in the regions, as well as the destructive actions undertaken by the occupation regimes. The Georgian side has voiced particular concern over the recent unlawful opening of the airport in Sukhumi, which violates fundamental principles and norms of international law, as well as the commencement of regular flights and the initiation of rail and sea passenger services from Russia to Sukhumi.As usual, representatives of Russia and the occupation regimes departed from the negotiation table on one of the key issues on the agenda, the return of internally displaced persons and refugees. Consequently, as with previous rounds, the 65th negotiations ended without resolution.The Geneva International Discussions were established in response to the 2008 agreement brokered by the European Union. The core issues under discussion include the full implementation of the ceasefire agreement, the safe and dignified return of internally displaced persons and refugees, and addressing the security and humanitarian challenges created by Russian occupation,” the Georgian Ministry of Foreign Affairs said in a statement.

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All 20 victims found after Turkish military plane crash in Georgia

The Georgian Ministry of Internal Affairs also announced the discovery of the 20th victim.It was previously reported that the aircraft’s black box had been taken to Turkey for examination.The Turkish military plane, carrying 20 servicemen, crashed near the Georgian–Azerbaijani border in the Sighnaghi Municipality while flying from Azerbaijan to Turkey.