Mariam Kvrivishvili, Georgia’s Minister of Economy and Sustainable Development, highlighted that the agreements cover the renewal of the free trade agreement, the joint development of the “Air Silk Road,” cooperation in agriculture, and collaboration in the field of artificial intelligence.“The updated free trade agreement places special emphasis on boosting Georgian agricultural exports to China and enhances investment opportunities, paving the way for increased Chinese investment in Georgia,” Kvrivishvili said. The aviation MoU with China’s Civil Aviation Administration aims to improve direct flight connectivity, facilitating trade and travel between the countries.Additionally, the Ministry of Agriculture signed an agreement to strengthen exports of Georgian products to China, while the AI-focused MoU with China’s National Development and Reform Commission aims to expand cooperation in emerging technologies. Kvrivishvili noted that these agreements mark a major step forward in reinforcing bilateral economic and people-to-people relations.
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Number of employees in Research and Development increased by 6.4 percent and amounted to 16 191, of which 14 046 were researchers. 55.0 percent of researchers are women and 45% are men. 68.8% of researchers has doctoral or equivalent degree, 28.9% - master’s or equivalent degree and 2.3% - bachelor’s or equivalent.As for the distribution of researchers by age, the highest rate for women falls in the age group of 45-54 years (22.6%), instead of men 65 and higher 25.6%.The largest part of researchers work in social sciences and their total number amounts to 3 491 (24.9%), while the smallest part of researchers work in agricultural and veterinary fields, where about 484 persons (3.4%) are employed.
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With regard to the annual core inflation, the prices increased by 2.7%, while the annual core inflation without tobacco amounted to 2.4%.The annual inflation rate was mainly influenced by price changes for the following groups:Food and non-alcoholic beverages: the prices in the group increased by 11.7 percent, contributing 3.88 percentage points to the overall annual inflation rate. Within the group the prices increased for the following subgroups: fruit and grapes (21.0 percent), vegetables (19.4 percent), sugar, jam, honey, chocolate and confectionery (17.2 percent), fish (16.9 percent), oils and fats (13.9 percent), bread and cereals (12.4 percent), mineral waters, soft drinks, fruit and vegetable juices (10.4 percent), coffee, tea and cocoa (10.2 percent), milk, cheese and eggs (8.1 percent), meat (4.9 percent);Health: the prices increased by 8.9 percent, contributing 0.75 percentage points to the overall index. The prices were higher for the following subgroups: out-patient services (9.3 percent), hospital services (9.2 percent), medical products, appliances and equipment (8.0 percent);Alcoholic beverages and tobacco: the prices increased by 5.6 percent, with the relevant contribution of 0.36 percentage points to the overall annual inflation rate. The prices increased for both tobacco (7.2 percent) and alcoholic beverages (3.9 percent).
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The positive trade balance was USD 3,891.illion, that is 13%higher than the trade balance of 2023.In 2024 travel reclaimed the first place in the list of top export types of services, equalingUSD 4 425.4 million with 57.4 percent of total exports. The exports of transport services totaled USD 1 716.7 million and their share in the total exports amounted to 22.3 percent. The telecommunications, computer and information services occupied the third place standing at USD 842.3 million and constituting 10.9 percent of the total exports.The top types of services by imports in 2024 were transport services whose imports equaled USD 2 265.9 million (59.4 percent of the total imports). Travel followed in the list with USD 485.9 million (12.7 percent of imports). Other business services were third in the list with USD 285.7 million (7.5 percent of imports).In 2024, the share of the top ten trading partners by exports in the total exports of services of Georgia amounted to 57.6 percent. The largest exporters were Russia (USD 985.7 million), Türkiye (USD 980.0 million) and Israel (USD 515.0 million).In 2024, the share of the top ten trading partners by imports of services of Georgia amounted to 51.2 percent. The largest importers were United States (USD 413.4 million), Türkiye (USD 351.6million) and China (USD 322.2 million).
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As of the document, in September 2025, compared to the same period of the previous year, the estimated real growth in following activities contributed significantly: Manufacturing, Transportation and storage, Information and communication, Professional, scientific and technical activities.Decline was registered in the Construction and Energy sectors.
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According to Geostat, compared to the 2020 average, the index change amounted to 57%. The RPPI covers the market of new residential property in Tbilisi, both the flats and detached houses segments. The following table shows percentage changes of the RPPI compared to the previous quarter, the corresponding quarter of the previous year and the 2020 average.In the third quarter of 2025, a price increase compared to the previous quarter was registered both in flats (0.5%) and detached houses (1.2%) segments. Compared to the third quarter of 2024, the prices increased in both segments, for flats by 6.9% and for detached houses by 7.2%. The following graph represents the dynamics of the total RPPI and its sub-indices, as well as the Consumer Price Index.
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"Energy cooperation between Georgia and Azerbaijan will not only bring economic benefits to our countries, but will also help us achieve joint strategic goals. Azerbaijan's initiative and Georgia's project have already become an important aspect of European security. Azerbaijan natural gas is supplied to many countries, including 10 European states. We owe this success to Georgia," Asadov said.Asadov also noted that Azerbaijan and Georgia are strong partners in providing renewable energy sources in the context of the transport of Caspian and Black Sea energy carriers.According to the Azerbaijan Prime Minister, this is an example of a common vision and commitment between the two neighboring countries.“Multilateral cooperation strengthens regional stability, mutual trust and long-term partnership. We believe that new initiatives will be implemented in the field of transport, logistics and transit. As a result, our joint efforts in the coming years will increase and further develop our geopolitical stability and importance. We are ready to build open and mutually beneficial cooperation mechanisms,” the head of the Azerbaijan government said.Tbilisi Silk Road Forum is being held for the fifth time on October 22-23 and is attended by about 2,000 delegates.“Tbilisi Silk Road Forum” has been held every two years since 2015. During this period, the forum has developed into an international brand and a high-level platform for dialogue between governments of different countries, as well as for bilateral and multilateral meetings between organizations and business representatives.
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The Armenian Prime Minister said that it is a great honor for him to participate in the international event called the Tbilisi Silk Road Forum for the second time."As its name suggests, this event has already become an important platform for officials from different countries, representatives of the private sector, international experts who share new ideas with each other. As a result of this platform, a peace project was implemented between Armenia and Azerbaijan, which in principle turned into a support mechanism," Pashinyan said.According to him, the project was supported by many international partners, because it is important to develop regional and international, transport and communication opportunities not only through Armenia, Iran, Azerbaijan, Turkey and Georgia, but also by opening borders with them."I am happy to confirm that we have achieved great success in this direction. In August 2025, at the initiative of the US President, a peace agreement was signed in Washington between me and the President of Azerbaijan, which was also signed by Donald Trump. This declaration specifically concerns regional communication. We state in that declaration that we emphasize the importance of communication, interaction, dialogue in bilateral and international formats," Pashinyan said.According to the Armenian Prime Minister, efforts are being made to ensure unlimited connectivity between the Republic of Azerbaijan and the Nakhichevan Autonomous Republic through the territory of the Republic of Armenia. According to him, this is a bilateral relationship for international and interstate connectivity."Azerbaijan is already lifting restrictions on the movement of goods through its territory to our country, and this was announced yesterday by President Aliyev. I thank him for this step and decision. I welcome this initiative. I am also pleased to say that we have a positive dialogue between Turkey and our republic, which ensures that our border will be opened. I would also like to confirm that we are not only politically but also technically ready for the transit of goods from today," Nikol Pashinyan added.According to Pashinyan, starting today, we can carry out cargo movement using the territory of the Republic of Armenia. According to him, the land and border infrastructure is ready for this."We are politically ready to ensure transit from the Nakhichevan Autonomous Republic to the main territory of Azerbaijan and vice versa. We are already politically ready to ensure rail transit from the Nakhichevan Autonomous Republic, Turkey, and the main territory of Azerbaijan. The railway needs reconstruction in these fragments. I am sure and I assure you that these technical issues will be resolved within two to three years, in the near future, and the electricity network will also be established from Azerbaijan to the territories of Armenia, via Nakhichevan," Pashinyan noted.The Tbilisi Silk Road Forum is being held for the fifth time on October 22-23 and is being attended by about 2,000 delegates.The forum is a key platform for dialogue and cooperation to strengthen regional and global connectivity.
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According to the department, it is planned to deepen 7 operating wells and drill 2 new exploratory wells using modern, high-tech methods. Nino Enukidze, First Deputy Minister of Economy and Sustainable Development, Inga Pkhaladze, Deputy Minister and Curator of the Energy Sector, Subu Ramesh, Ambassador of India to Georgia, company representatives, and invited guests attended the signing ceremony held at the Ministry of Economy.“This agreement represents yet another significant step in strengthening the economic partnership and friendships between Georgia and India. It will contribute to the development of Georgia’s energy resources, attract new investments and bring modern high technology solutions to our oil production sector” – Inga Pkhaladze stated.Deputy Minister highlighted the Agreement lays the foundation for a new stage that will strengthen Georgia’s energy security and create new opportunities for economic growth and regional development.It is noteworthy that the project’s investment package amounts to approximately 50 million USD to be implemented over the next four years. Immediately upon signing the Agreement, the company will pay 4,15 million USD to the state budget.Hindustan Silichine Private Limited is an Indian multi-business holding that operates in the fields of oil exploration and natural gas supply.Giorgi Tatishvili, Head of the State Agency of Oil and Gas of Georgia, Ekaterine Sisauri, General Director of the Georgian Oil and Gas Corporation, and Khitish Kumar Nayak, Director of Hindustan Silichine Private Limited, signed the Production Sharing Agreement.Indian oil and gas exploration and production holding company Hindustan Silichine Private Limited has previously owned one of its major assets in Georgia. In particular, Hindustan Silichine, founded in 2017 by Upesh and Gaurav Thakkar, lists on its website among its major assets the proven oil and gas reserves of Sanand-Mirol and Ankleshwar in Gujarat, India, as well as the oil and gas block 7B in Georgia, which is a 1,175 sq. km production block near the Black Sea.Hindustan Silichine Private Limited aims to become the leading oil and gas exploration and production (E&P) company in Georgia within five years.In addition, the company's turnover reached $28.2 million in the first two quarters of the 2024-2025 financial year, and the forecast turnover for the entire fiscal year is $51.2 million.
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As of the document, 11.7 percent of incomes of enterprises engaged in postal and courier activities were generated from written correspondence, of which 44 percent were international services, while 56 percent were local.Enterprises engaged in postal and courier activities sent 13.3 million parcels and 5.9 million of written correspondence during 2024.In 2024, in the enterprises engaged in postal and courier activities the average annual number of employed was 4.0 thousand, including 1.5 thousand couriers and postman.
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The volume of loans issued by commercial banks increased by 1.14% in S...
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Cartu’s depositors prefer to save in USD
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Developers Count the Cost of Regulatory Relaxation
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Total volume of deposits increased by GEL 2.58 BLN
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GCAP Bought Chain of Gormed Clinics
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