According to him, until now, travel on the mentioned route took 5 hours and 30 minutes, and the reduction in time was made possible by capital works carried out on the track and infrastructure.“This is a rather significant improvement. Recently, we have carried out significant capital works on the track and infrastructure, which allowed us to increase speeds on certain sections, remove restrictions and travel safely from Tbilisi to Batumi in 4 hours,” Lasha Abashidze noted.According to the head of Georgian Railways, the infrastructure of the stations is also being actively renovated. The company's goal is to fully renovate both main and suburban stations."In fact, the rehabilitation of 5-7 stations is already underway, this year we plan to add 5 more stations, and next year we should fully complete the rehabilitation process of the stations," Abashidze said.
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In detail:• The residential segment index increased by 2.6 percent compared to the previous month and by 3.5 percent compared to the same month of the previous year; • The non-residential segment index increased by 0.6 percent compared to the previous month and decreased by 0.1 percent compared to the same month of the previous year; • The civil segment index decreased by 0.5 percent compared to the previous month and increased by 5.8 percent compared to the same month of the previous year.In June 2026 the Construction Cost Index (CCI) increased by 0.9 percent compared to the previous month. The change was mainly due to a 5.4 percent increase in average monthly nominal wages of employees in the construction sector, which contributed 1.01 percentage points to the total index change. Compared to June 2025 the CCI increased by 3.9 percent.The latter was largely caused by the 16.6 percent increase in the cost category of transportation, fuel and electricity and by the 1.8 percent increase in average monthly nominal wages of employees in the construction sector, which contributed 1.9 and 1.01 percentage points to the total index change, respectively. Along with this, the Construction Cost Index posted a 29.3 percent increase compared to February 2022.
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In 2Q26, exports of the mentioned commodity group amounted to more than $4.7 million, while in the same period of 2025 this figure amounted to $659.9 thousand.Against the backdrop of a sharp increase in exports, the import rate has decreased. In particular, in 2Q26, live sheep and goats worth $33.8 thousand were imported into Georgia, which is 54.3% less than the figure for the corresponding period of last year ($74 thousand).
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In 2Q26, imports of the mentioned commodity group amounted to 32.2 thousand USD, while in the same period of 2025 this figure amounted to 8.4 thousand USD.It is worth noting that according to the foreign trade database, exports from Georgia in this category were not recorded in any quarter and the market is fully dependent on imported goods.
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Price movements across the following categories primarily drove the formation of the monthly inflation rate:Food and Non-Alcoholic Beverages: Prices in this category fell by 0.9 per cent, contributing -0.3 percentage points to the monthly inflation figure. Price decreases were recorded in the following sub-categories: vegetables and melons (-12.3 per cent), fruit and grapes (-2.8 per cent), sugar, jam, and other confectionery (-0.8 per cent), mineral and spring water, soft drinks, and natural juices (-0.5 per cent), meat and meat products (-0.3 per cent), and fish (-0.1 per cent). Conversely, price increases were observed in coffee, tea, and cocoa (2.3 per cent), milk, cheese, and eggs (2.1 per cent), oils and fats (1.2 per cent), and bread and cereals (0.7 per cent).Clothing and Footwear: Prices in this category dropped by 4.9 per cent, contributing -0.22 percentage points to monthly inflation. Reductions were recorded across both clothing (-6.4 per cent) and footwear (-2.4 per cent).Housing, Water, Electricity, Gas, and Other Fuels: Prices rose by 0.8 per cent, contributing 0.08 percentage points to the monthly index. The rise was predominantly driven by increases in actual rentals for housing (2.3 per cent) and regular maintenance and repair of the dwelling (1.3 per cent).Health: the prices increased by 4.7 percent, contributing 0.4 percentage points to the overall index. The prices were higher for the following subgroups: medical products, appliances and equipment (7.7 percent), out-patient services (2.7 percent).
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According to the head of government, there is great interest in the project both among Georgia's partners and neighboring countries, as well as in Central Asia, the Middle East and Europe.Kobakhidze noted that the pace of work has been accelerated to the maximum after the contract was revised, reducing its cost by about $50 million. He thanked the Ministry of Economy and the minister personally for this result. According to the Prime Minister, the smooth progress of the work gives grounds for optimism that the port will receive its first ships by 2029.The Prime Minister’s statement was preceded by information from the Ministry of Economy, according to which the first dredging vessel (Tristao Da Cunha) entered the Anaklia sea area on August 1 to carry out dredging works. According to the ministry, the vessel will begin work on the construction of the breakwater channel after completing the procedures established by law.According to the project, the seabed in the Anaklia sea area will be deepened to 17.5 meters, and a 1,380-meter-long breakwater will be built at a later stage. The construction works in the sea area of the future port are being carried out by the Belgian company, a member of the so-called “Big Four”, Jan De Nul N.V., together with Georgian partners. The Ministry of Economy announced the Belgian company’s victory in the tender on August 1, 2024.As announced in early July, the Georgian government is building the Anaklia deep-water port using the world-proven “landlord” model. This model will allow the state to develop the port not in partnership with one, but with several states and companies at once, which will create the best conditions for attracting cargo and its efficient operation. Along with the creation of port infrastructure, the government will also ensure the arrangement of road and rail access to the port.In addition, according to the state decision, the investor will have only a 49% share of the port, while the state will retain the controlling 51%. On May 29, 2024, the Georgian government announced that a Chinese-Singaporean consortium would acquire a 49% share of the Anaklia port.According to the original project, the first ship was to be received by the Anaklia port in 2020. That same year, the Georgian Dream government terminated the 2016 contract with the Anaklia Development Consortium (ADC). The consortium included TBC Holding Anaklia (Georgia), Van Oord PPP International (Netherlands), Wondernet Express (UK), G-Star LLC (Bulgaria), Conti International (USA), and Dutch investor Bob Meyer.At the time, the government cited non-fulfillment of obligations as the official reason, while the consortium itself pointed to state interference. The state won two international arbitration disputes in this case, after which it promised to continue the construction of the port with its own funds.
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DemandIn Jun-26, total number of sold apartments in Tbilisi, according to the Public Registry data, stood at 4,503 units, of which:• Sales on the secondary market increased significantly by 22.3% y/y to 2,224 (up 16.2% y/y in 1H26), reaching the highest monthly level after 2022. • Sales on the primary market, where data are impacted by delayed registrations, were up 52.6% y/y to 2,279 (up 19.1% y/y in 1H26). • G&T real-time survey of developers, which captures current trends on the primary market, showed that number of apartments sold on the primary market surged by 54.4% y/y, partly due to low base effect. Cumulatively, the number of apartments sold on the primary market was up 33.5% y/y in 1H26. In total, 22,799 transactions were registered in Tbilisi in 1H26, bringing the residential market value to US$ 2.0bn (+26.6% y/y).In total, 22,799 transactions were registered in Tbilisi in 1H26, bringing the residential market value to US$ 2.0bn (+26.6% y/y).SupplyIn Jun-26, after 8 consecutive months of decline, the area of issued permits rebounded sharply, up 225.3% y/y (to 300,095 sq.m in 29 construction projects) and reached the highest monthly level after 2021. Despite the increase, cumulatively in 1H26, living area of permits issued were down 7.3% y/y.PricesIn Jun-26, primary market price increased moderately, up 0.3% m/m to US$ 1,417 per sq.m. The average price on the secondary market (for new buildings built with permits issued from 2013) was down 1.5% m/m, reaching US$ 1,345 per sq.m, indicating partial stabilization after a sharp 5.0% increase in April.RentsIn Jun-26, price for renting an average (50-60 sq.m) apartment in Tbilisi remained high at US$ 10.1 per sq.m (+1.4% m/m), keeping rental yield high, at 8.5%.
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According to the Ministry of Agriculture, Karumidze brings extensive experience in executive management and foreign relations. Between 2020 and 2024, he served as Deputy Chairman and subsequently First Deputy Chairman of the Parliamentary European Integration Committee. He was also a member of the Foreign Relations Committee.“Levan Karumidze possesses long-standing experience in executive leadership within the public sector. He previously served as Deputy Head of the Department of the National Security Council of Georgia and worked within the Administration of the Government of Georgia managing international media relations. Furthermore, he held leadership positions across various public law entities under the Ministry of Education and Science.Levan Karumidze’s professional background will support the Agency’s effective operation, raise the global profile and international promotion of Georgian gastronomy, foster the development of gastronomic heritage, and strengthen co-operation with international partners, which, in turn, will bolster Georgia’s positioning as a nation with a distinguished culinary culture.It is worth noting that the Public Law Legal Entity National Gastronomy Agency under the Ministry of Environmental Protection and Agriculture was established pursuant to a Georgian Government decree dated July 20, 2026. The Agency’s goal is to protect, develop, promote, and elevate the international profile of the country’s gastronomic heritage, as well as to formulate and implement a unified state policy and strategy in the field of gastronomy,” the Ministry stated.
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GeoStat reported that significant positive contributions to growth in June 2026, compared to the same period last year, were made by sectors including manufacturing, transportation and storage, construction, information and communication, and financial and insurance activities.Conversely, a declining trend was observed in the mining and quarrying and energy sectors.
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According to the ministry, compared to the same period last year, the volume of exported blueberries increased by 53% (by 3.3 thousand tons), and the value by 46% ($19.5 million).During the same period, the average export price of 1 kg of blueberries amounted to $6.4.According to the ministry, the main export market for Georgian blueberries is still Russia, where 91% of the exported crop - 8,736 tons of products - entered the market in May-July.498 tons of blueberries were exported to the European Union, while relatively small volumes were transported to Armenia, Turkey, the United Arab Emirates and other countries.
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"port construction has been accelerated to the maximum"
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Electricity prices in Turkey have risen and are leaving Georgia
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Consumer Warning from the NBG
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Karumidze appointed Head of newly established National Gastronomy Agen...
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NBG issues statement on sanctions
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