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Economics
The number of bovine animals decreased by 7% In 1Q26

Of which, the total number of dairy cows and buffaloes equaled 376.2 thousand heads, which is 5.1 percent less than the same indicator of the previous year.The number of pigs equaled to 152.3 thousand heads which is 0.2 percent more than at the same period of the previous year. The number of poultry decreased by 0.5 percent compared to the same period of the previous year and equaled 8.5 million heads.Meat production increased by 2.9 percent from the same period of the previous year and equaled 18 thousand tons.In the I quarter of 2026 egg production amounted to 179.1 million pieces which is 4.1 percent more than in the same period of the previous year. 

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Cold storage farms sold 224.6 million products in 1Q26

According to the survey, 113.9 thousand heads of livestock were slaughtered in slaughterhouses in the I quarter of 2026, of which 29.5 percent were cattle, 64.0 percent – pigs and 3.4 percent – sheep and goats. The share of other livestock (excluding poultry) slaughtered was 3.1 percent.In addition, the number of poultry slaughtered in slaughterhouses during the reporting period amounted to 2 332.2 thousand.In total 13.5 thousand tons of meet (i.e. slaughtered weight, including poultry meat) was produced by slaughterhouses during the I quarter of 2026, of which 30.1 percent was beef, 28.6 percent – poultry, 40.8 percent – pork, 0.4 percent – mutton and goat meat, while the share of other meet was negligible.The service was provided to 7.8 thousand persons, 53.6 percent of which were households. Average monthly number of persons employed in slaughterhouses equaled 1 027 persons. The average prices of the slaughter services were: 42.9 GEL per cattle, 34.0 GEL per pig, and 13.4 GEL per sheep or goat.In the I quarter of 2026 the number of active cold storage facilities in Georgia was 331 and most of them were located in Shida Kartli region (66.5 percent). Active cold storage facilities were also located in Tbilisi (12.4 percent), Imereti region (5.4 percent), Kvemo Kartli region (4.2 percent), Adjara AR (3.6 percent), Samegrelo-Zemo Svaneti region (2.4 percent), SamtskheJavakheti region (2.1 percent), Kakheti region (1.8 percent), Mtskheta-Mtianeti region (0.9 percent), Racha-Lechkhumi and Kvemo Svaneti region (0.3 percent) and Guria region (0.3 percent).In the I quarter of 2026, the service was provided to 355 customers. The number of producers and resellers, from whom the products were purchased, amounted to 826 persons. Average monthly number of persons employed in cold storage facilities was 1 662. In total 97.5 thousand tons of products were stored in cold storage facilities during the I quarter of 2026, of which 20.1 percent was chicken meat (including frozen meat), 31.9 percent – meat and meat products (including semi-finished products, excluding chicken meat), 12.7 percent – fish, 19.5 percent – fruits and vegetables, 10.2 percent – milk products and 5.5 percent – other products.n the I quarter of 2026, the share of own production in the total volume of products stored in cold storage facilities was 17.0 percent, while the share of products purchased for further resale was 25.5 percent and the share of products stored as services was 57.5 percent. The service fee in the same period amounted to 7.3 million GEL. In the I quarter of 2026, the total value of products (28.6 thousand tons) sold by cold storage facilities amounted to 224.6 million GEL, of which the share of imported products was 38.5 percent, share of own production was 12.3 percent and the share of products (local) purchased for resale was 49.2 percent. Herewith, 28.3 percent of own production sold by cold storage facilities was chicken meat. Significant share of imported products was milk products (32.3 percent), meat and meat products (including semi-finished products) (24.3 percent), chicken meat (including frozen) (13.1 percent) and fish (9.0 percent). In the I quarter of 2026, the value of products sold by cold storage facilities on the foreign market amounted to 0.3 million GEL, which constituted to 0.1 percent of the total value of products sold in the same period. Mostly chicken meat were sold on the foreign markets. According to the survey results, the average daily load per storage (out of total storage capacity in percentage) was 51.6 percent in January, 48.5 percent in February and 43.5 percent in MarchThe total number of active elevators in Georgia in the I quarter of 2026 was 31 and most of them were located in Kvemo Kartli (35.5 percent) region, while 16.1 percent of active elevators were located in Samegrelo-Zemo Svaneti region, 16.1 percent in Kakheti region, 12.9 percent in Shida Kartli region, 9.7 percent in Tbilisi, 6.5 percent in Imereti region and 3.2 percent in Guria region, - according to the preliminary data from the National Statistics Office of Georgia (Geostat).Total amount of products sold by the elevators during the I quarter of 2026 amounted to 59.9 thousand tons with total value of 61.0 million GEL. 31.6 percent of this value was imported production and 59.3 percent was local (own produced) products. The biggest share in own production, in terms of volume as well as value, had wheat flour, which constituted to 80.8 percent of total own production sold by the elevators in the same period.According to survey results, average daily load of storages (out of total capacity of storages in percentage) amounted to 50.9 percent in January, 46.7 percent in February and 47.5 percent in March.In the I quarter of 2026, the service was provided to 21 customers. The number of producers and resellers, from whom the product were purchased for resale, was 49 persons, while the average monthly number of persons employed in elevators equaled 439.In total 91 thousand tons of products were stored in elevators during the I quarter of 2026, 65.5 percent of which was wheat and 16.8 percent – soybean meal. The share of products purchased by the elevators for resale in the total amount of products stored in the elevators was 82.9 percent in the same period.According to survey results, average daily load of storages (out of total capacity of storages in percentage) amounted to 50.9 percent in January, 46.7 percent in February and 47.5 percent in March.

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Gov’t Prepares Major Reform of State Procurement and Construction Regu...

In connection with the planned reform, Prime Minister Irakli Kobakhidze and Minister of Infrastructure Revaz Sokhadze met with representatives of construction companies and commercial banks. The working meeting was also attended by the heads of the Procurement Agency, the Government Administration and the Samkharauli Expertise Bureau.By decision of the government, amendments will be made to the Technical Regulations approved by Resolution No. 55 and the Law of Georgia “On State Procurement”. As part of the reform, the limit on overheads and unforeseen expenses will be increased, market prices for construction materials and machinery will be updated, and a rule for partial adjustment (indexation) of prices will be introduced.“The reform aims to strengthen the construction sector, increase the financial sustainability of state projects, and establish higher standards of responsibility and transparency in the state procurement system,” the government’s official statement says.In order to support small and medium-sized businesses, the new rules will make it possible to combine the experience of a bidder and its subcontractor in state tenders, which will make it easier for companies to participate in large projects.At the same time, the state is tightening control mechanisms: participation in tenders with unrealistically low prices (dumping) is being restricted, and the so-called “black list” mechanism is being expanded. As a result, companies of individuals involved in financial or corruption crimes will be disqualified from state tenders.The government assesses the aforementioned legislative package as one of the most important systemic reforms of recent times, which should ensure timely and high-quality implementation of infrastructure projects.

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SOCAR appoints Levan Davitashvili as CEO of Italiana Petroli

The personnel change comes after SOCAR completed the process of acquiring a 99.82% stake in Italiana Petroli from API Holding. According to the Italian oil company, Davitashvili will directly manage IP’s operations in Italy.His main priorities will be to ensure business continuity, strengthen the company’s position in the local energy market, and oversee the large-scale integration of Italiana Petroli into the SOCAR Group.Levan Davitashvili held the position of Minister of Economy and Sustainable Development of Georgia from 2022 to 2025, and since 2025 he has continued his activities as an advisor to the President of SOCAR.

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QR code becomes mandatory on alcoholic beverage bottles

According to Deputy Minister of Environmental Protection and Agriculture Zurab Ezugbaia, the law introduces a new term - “labeling of alcoholic beverages”. This refers to the placement of a QR code issued by the National Wine Agency on the label, container or packaging of the beverage.The changes cover several areas: Production quotas: The definition of a “small-sized cellar” is changing - the upper limit of annual production is reduced from 40,000 liters to 25,000 liters. Quality control: Organoleptic (taste) testing of all categories of wine becomes mandatory, whether it is intended for the local market or for export (this requirement will not apply only to natural wines produced in small wineries). Labeling obligation: The National Wine Agency will carry out the labeling of all certified alcoholic beverages intended for sale. Specific deadlines for the implementation of the reform have already been set. The Minister of Environmental Protection and Agriculture must approve the rules and form of labeling by November 1, 2026, and the Government of Georgia must determine the fee for this service by February 1, 2027.According to the authors of the initiative, this step will help protect Georgian alcoholic beverages from counterfeiting and strengthen trust in local products in both domestic and international markets.

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Georgia’s electricity consumption to grow by 3.4% on average over the...

Economic Dynamics and ConsumptionAccording to the document, electricity consumption in the country generally follows the growth rate of GDP, although there are exceptions: 2025: Against the backdrop of 7.5% economic growth, consumption increased by only 3.5% 2024: With a GDP growth of 9.7%, energy consumption growth amounted to 6% State support and investmentsThe study draws attention to the fact that 94% of power plants built in Georgia in recent years were implemented through state incentive mechanisms. According to analysts, the introduction of the Contract for Difference (CFD) mechanism has significantly increased investor interest in the sector.Despite the new mechanisms, the largest capacity, 36 MW, was built in the country under the terms of a Power Purchase Agreement (PPA).Generation structureAs of today, the total installed capacity of the Georgian power system is approximately 4,800 MW. The generation sources are distributed as follows: Hydroelectric power plants (HPPs): 3,500 MW Thermal power plants: 1,200 MW Renewable energy (solar and wind): up to 50 MW According to Galt & Taggart, the share of solar and wind power plants in the overall portfolio is still critically low, indicating untapped potential in this area in the context of regional energy security.

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The trade deficit decreased to 40%

The value of export increased by 21.1 percent reaching USD 2,44 billion, while the import decreased by 4.9 percent and amounted to USD 5.69 billion.The trade deficit equaled USD 3,25 billion and its share in trade turnover constituted 40%.

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Georgian residents' trips abroad increased by 4.3%

GeoStat also reports that Georgian residents made a total of 328,800 tourist visits abroad, a 1.7 per cent increase compared to the first quarter of the previous year.The largest share of visits, 46.7 per cent, was made by residents aged 31 to 50, with women accounting for 45.6 per cent of all visits.The agency’s report reveals that the most common purpose for visits in the first quarter of 2026 was to visit friends or relatives, accounting for 35.3 per cent of trips. The most popular destinations were Turkey and the Russian Federation, with 172,400 and 89,300 visits, respectively.Additionally, GeoStat notes that the average duration of visits was 6.8 nights, a 1.4 per cent increase compared to the first quarter of 2025 (6.7 nights). Remarkably, 99.1 per cent of these visits were repeat trips.Expenditure during these visits reached 629.1 million GEL, a significant 30.7 per cent rise from the same period in 2025. The average spend per visit also increased by 26.9 per cent, amounting to 1,267.7 GEL.

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CCI increased by 2% Y-O-Y

In detail: The residential segment index increased by 0.4 percent compared to the previous month and by 0.2 percent compared to the same month of the previous year The non-residential segment index increased by 2.1 percent compared to the previous month and by 3.2 percent compared to the same month of the previous year The civil segment index increased by 3.2 percent compared to the previous month and by 3.3 percent compared to the same month of the previous year In March 2026 the Construction Cost Index (CCI) increased by 1.9 percent compared to the previous month. The change was mainly due to a 7.7 percent increase in the transportation, fuel and electricity cost category, which contributed 0.94 percentage points to the total index change.Compared to March 2025 the CCI increased by 2.0 percent. The latter was largely caused by the 2.7 percent increase in average monthly nominal wages of employees in the construction sector and by the 4.3 percent increase in the cost category of transportation, fuel and electricity, which contributed 1.35 and 0.62 percentage points to the total index change, respectively.Along with this, the Construction Cost Index posted a 26 percent increase compared to February 2022.

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Jan De Nul: Anaklia Port Deepening to be Completed by Year-End

As of project director Eric Bates, the main parameters of the work are as follows: Extraction: A total of almost 6 million cubic meters of soil is planned to be removed, which is a large-scale task for the company. Breakwater construction: Preparations are underway to install a 1,380-meter-long breakwater. The construction should be completed by the end of next year. Operational efficiency: The completed infrastructure will ensure 95% of the port’s annual openness, which will allow the port to receive and service large ships. According to Eric Bates, the Anaklia project will be a significant stimulus for the Georgian economy. The entire maritime infrastructure project should be completed by the end of next year.Belgian Jan De Nul N.V. is a member of the European so-called “Big Four” company, which is carrying out the design and construction of the harbor deepening and breakwater in Anaklia.

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