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Economics
Batumi Residential Real Estate Market Grows 15% in 2025 – Galt & Tagga...

The total market value rose 23.8% year-on-year to reach $1.3 billion. Analysts attribute the growth to the launch of new large-scale projects and increased supply in the secondary market. Developer surveys covering around 40% of the primary market showed high buyer diversification.Foreign buyers accounted for 52% of sales, while Georgian citizens represented 48%. Among foreigners, Israelis and Europeans each made up 13%, Ukrainians, Russians, and Belarusians 11%, and Turkish and Central Asian residents 3% each.Galt & Taggart noted that Batumi remains attractive to international investors, with both transaction volumes and property prices continuing to rise.

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The Construction Cost Index Down By 4% In January

In detail:• The residential segment index decreased by 4.8 percent compared to the previous month and increased by 3.5 percent compared to the same month of the previous year;• The non-residential segment index decreased by 1.9 percent compared to the previous month and increased by 17.7 percent compared to the same month of the previous year;• The civil segment index decreased by 4.1 percent compared to the previous month and increased by 0.9 percent compared to the same month of the previous year.In January 2026 the Construction Cost Index (CCI) decreased by 4.0 percent compared to the previous month. The change was mainly due to a 24.5 percent decrease in average monthly nominal wages of employees in the construction sector, which contributed -4.38 percentage points to the total index change.Compared to January 2025 the CCI increased by 4.3 percent. The latter was largely caused by the 18.8 percent increase in average monthly nominal wages of employees in the construction sector and by the 4.8 percent increase in the category of other costs, which contributed 4.82 and 0.31 percentage points to the total index change, respectively. Along with this, the Construction Cost Index posted a 24.0 percent increase compared to February 2022.The following table presents the CCI in January 2026, compared to the previous month and the same month of the previous year, as well as the contributions of cost categories and segments to the total index.

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GNERC to revise electricity tariffs by end of March

According to him, the tariff set in December last year was temporary, as some parameters required additional study. These parameters are currently being refined."The regulatory agency set a temporary tariff for electricity in December last year, as certain parameters needed to be refined. These parameters are currently being refined," Narmania said.He said that the decision on the tariff change will be announced by the end of the month, although it is not yet known whether the tariff will increase for consumers.“As soon as it is clarified, we will make a relevant decision by the end of this month. It will be difficult for me to answer specifically what will happen to the tariff and how much it will increase, since the relevant work is still underway,” he explained.When asked whether the tariff will indeed be revised at the end of the month, Narmania confirmed that the commission will make a decision within this period.In December 2025, instead of the price increase announced for months, the Energy Commission of Georgia maintained the existing tariffs for three months (until March 31, 2026) in order to have time to clarify the energy balance, generation forecasts, company costs and investments.The regulator has not yet specified the scale or direction of the increase.

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ADB President: Bank Supports Georgia’s Ambition to Become a Regional G...

During the meeting, the parties discussed priorities for the bilateral partnership, including economic development and improving the quality of life for the population. Masato Kanda congratulated the Prime Minister on the country’s “strong macroeconomic parameters” and the completion of the Rikoti Pass highway.“This is an amazing project that supports regional connectivity,” the ADB President said, speaking about the Rikoti section.A key topic of the discussions was the Bank’s participation in the development of the “Middle Corridor.” The parties also addressed airport modernization and support for the tourism sector.Kanda emphasized that ADB is ready to assist Georgia in achieving its strategic ambitions related to the growth of the country’s transit and logistics potential in the Eurasian region, through innovative projects and financial instruments.

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ADB President Praises Georgia’s Reforms and Macroeconomic Management

According to Kanda, the meeting was “very productive” and highlighted the long-standing partnership between ADB and Georgia. Since joining the bank in 2007, Georgia has received nearly $6 billion in financial assistance, with ADB remaining one of the country’s largest development partners.“Encouraging to hear the significant results of Georgia's reforms and sound macroeconomic management – these are the best ‘insurance’ against external shocks,” Kanda wrote.The discussion also focused on strengthening Georgia’s position along the Middle Corridor through enhanced energy, transport, and digital connectivity. Innovative projects, including local currency financing, were highlighted as ways ADB is positioning itself as a leading development finance institution in Georgia.Kanda emphasized that the partnership will continue to support Georgia’s economic progress and improve the quality of life for all its citizens.

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The number of people receiving monthly salaries decreased by 11.7% in...

The publication, which is based on official data from the Revenue Service, indicates that the number of employed people decreased by 11.7% compared to December 2025, which is likely explained by seasonal factors. Nevertheless, compared to January 2025, the indicator improved by 2.8%.“In January 2026, the number of persons receiving a monthly salary stood at 904,967, which was 11.7% lower than in December 2025, and 2.8% higher than in January 2025.In January 2026, the share of persons receiving a monthly salary of up to 600 GEL amounted to 17.8%, which was 8.3 percentage points higher than in December 2025, and 1.8 percentage points lower than in January 2025.In January 2026, the share of persons receiving a monthly salary of 2,400 GEL or more amounted to 30.5%, which was 20.3 percentage points lower than in December 2025, and 4.0 percentage points higher than in January 2025.In January 2026, the share of persons receiving a monthly salary of 9,600 GEL or more amounted to 2.6%, which was 3.2 percentage points lower than in December 2025, and 0.3 percentage points higher than in January 2025”, - the document reads.

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Price Increases for Medical Services Slow Sharply

Statistics show that as recently as January 2026, the sector’s annual growth rate was 25.5%, but the rate stabilized sharply in February.Price Regulation and the DRG SystemThe slowdown affects only services outside state funding. Under the diagnosis-related group (DRG) model used in the universal healthcare program, clinics cannot arbitrarily raise prices, meaning most price changes occurred in the unreformed segment of the sector.Competition Agency MonitoringThe Competition and Consumer Protection Agency is monitoring the medical market, analyzing data from large inpatient clinics covering January 2022 to October 2025.The agency aims to determine:• Whether price increases of up to 100% were economically justified;• Whether increases were driven by higher costs or market factors;• Whether clinics artificially inflated prices.According to the agency’s representative, Giorgi Kedelidze, the study will highlight areas with the highest inflation. The date for publishing the initial results has not yet been announced.

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The number of passengers carried in the airports of Georgia increased...

In 2025, scheduled flights carried 95.2 percent of passengers in airports of Georgia.In 2025, the number of passenger flights from Georgian airports increased by 11.1 percent compared to the previous year and amounted to 33.6 thousands.In 2025, in airports of Georgia the volume of freight and mail amounted to 39.0 thousand tons, of which 92.9 percent was arrived freight and post, and 7.1 percent was departured.In 2025, 3.9 thousand freight flights were carried out in the airports of Georgia and that is 77.1 percent more than the same figure of 2024.In 2025, airway companies of Georgia transported 740.2 thousand passengers and 154.1 thousand tons of freight. Compared to the previous year, the number of passengers increased by 14.8 percent and freight decreased by 42.9 persent.In 2025, 62 aircraft were registered in the Georgian civil aircraft register, out of which 77.4 percent were passenger aircrafts and 22.6 percent were cargo aircraft. 72.9 percent of passenger aircrafts had not more than 50 seats, 10.4 percent had between 51 and 150 seats, and 16.7 percent had 151-250 or more seats.In 2025 Georgian airports were equipped with six runways, 59 check-in points, 26 passenger gates and 2.5 thousand parking places for private cars.

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Cargo transported by Georgian Railways decreased to 13.3 million tons

By the end of 2025, total length of railway lines equaled 1 592.6 kilometers, of which 99.6% was electrified. The length of main lines amounted to 551.3 kilometers, of which 42.9% is single-track and 57.1% is double-track.In 2025, rail transported 13.3 million tons of freight, which is 3% less than the respective figure of 2024. 7.9% of the total freight was transported domestically, 34.7% was transported internationally (excluding transit), and 57.5% was transit.In 2025, the share of incoming freight represented 75.8% of the railway-transported freights, while the share of outgoing freight was 24.2%.In 2025, the sender country of 35.8 percent of total incoming rail freight was Russian Federation, 27.2 percent was sent by Azerbaijan. The share of other countries sending cargo was less than ten percent each (37.0 percent combined).In 2025, Armenia was the final destination for 16.2 percent of total outgoing freight, for 9.2 percent it was Kazakhstan, and for 8.4 percent – Russian Federation. The share of other individual receiving countries was relatively small (66.2 percent combined).The breakdown of the total transit freight by the final destination country in 2025 was as follows: the Netherlands – 13.4 percent, Turkey – 10.8 percent, China – 6.6 percent, Ukraine – 2.9 percent, Italy – 2.4 percent, Romania – 1.3 percent, and elsewhere was for the rest. In the same period, Brazil was the sender country of 6.0 percent of the total transit freight, Turkey – 3.0 percent, USA – 1.2 percent, and other countries sent the rest.In the reporting period, 36.4 percent of the total freight were coke and refined petroleum products, 20.9 percent were chemicals, chemical products, and man-made fibers; rubber and plastic products, and 12.8 percent were metal ores and other mining and quarrying products.The distribution by type of goods was different in case of freights transported domestically in 2025, as the share of metal ores and other mining and quarrying products equaled 56.5 percent of the total, and the share of coke and refined petroleum products amounted to 22.7 percent; while the share of transport equipment amounted to 9.9 percent.As for the freights transported internationally, in the reporting period, incoming goods were mainly coke and refined petroleum products (47.3 percent), other nonmetallic mineral products (17.0 percent), metal ores and other mining and quarrying products (11.0 percent), products of agriculture, hunting, and forestry (6.8 percent), coal and lignite (5.0 percent), basic metals (4.7 percent), chemicals, chemical products, and man-made fibers (2.7 percent); while outgoing goodswere mainly chemicals, chemical products, and man-made fibers (35.0 percent), food products, beverages and tobacco (25.6 percent), metal ores and other mining and quarrying products (13.0 percent), and basic metals (12.1 percent).In 2025, three type of goods, namely coke and refined petroleum products (38.2 percent), chemicals, chemical products, and man-made fibers (30.0 percent), and food products, beverages and tobacco (10.4 percent) constituted for 78.6 percent of the total volume of transit freight.In 2025, the number of passengers transported by the Georgian Railway decreased by 17.3 percent compared to the previous year and amounted to 1 717.9 thousand persons. At the same time, passenger turnover decreased by 17.7 percent compared to 2024 and amounted to 393.3 million passenger-kilometer.In 2025, the number of passengers transported within the country amounted to 1 690.2 thousand persons, which represents 98.4 percent of the total number of passengers carried and is 17.5 percent less than the same figure of 2024. At the same time, the number of passengers transported internationally amounted to 27.7 thousand, which is 2.4 percent less than in the previous year. The country of embarkation was Armenia for 67.9 percent of internationally transported passengers while the country of disembarkation was Armenia for 32.1 percent of international transported passengers (no passengers were transported from/to any other neighboring country in 2025).

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Port traffic increased in 2025 - how many ships did the ports serve?

In 2025, compared to the previous year, the ports and terminals of Georgia received 40.4% more general cargo carriers, 38.8% more – specialized carriers, 2.5 percent more – dry bulk, 26.7% less – container ships and 16.6% less – liquid bulk.In 2025, 17.6% of the ships arriving at the ports and terminals of Georgia sailed under the flag of Panama, 15.3%  – under the flag of Turkey, 9.9% – under the flag of Malta, 8.3% – under the flag of Liberia and the rest 48.9% were distributed among other countries.In 2025, Georgian seaports served 12.5 thousand passengers, which is 62% more compared to the previous year.In 2025, ports and terminals of Georgia processed 16 637.6 thousand tons of cargo, 6.8% more compared 2024. 47.7% of freight carried was general cargo, 31% was liquid bulk, and 21.3 percent – dry bulk.

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