3 Turkish, 1 Chinese companies participate in Tbilisi tram project tender

According to the Ministry of Environmental Protection and Agriculture, a further restriction on plastic consumption also enters into force today. Specifically, public procurement bodies are henceforth prohibited from purchasing plastic cups, containers, or beverages bottled in plastic vessels of up to three litres. The restriction does not apply to the procurement of drinks in plastic bottles of up to three litres where such purchases are made for the needs of the defence forces and military personnel.Compliance with these regulations will be overseen, within their respective remits, by the National Food Agency, the Department of Environmental Supervision, and the Revenue Service of the Ministry of Finance.Under the Code of Administrative Offences of Georgia, violations of the requirements set out in the decree will carry a fine of 1,000 lari and confiscation of the relevant goods; repeat violations will attract a fine of 2,000 lari and confiscation.“It is important to note that the regulation does not apply to the export of plastic products. Manufacturers producing goods for export are required to notify the Department of Environmental Supervision in writing, at least one month before commencing production, of the proposed start and end dates of production, the quantity of goods to be manufactured, the destination countries, and the intended export schedule,” the Ministry of Environmental Protection and Agriculture stated.

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Balance of goods remains the main driver of the current account balance. Trade in goods deficit increased by 6.3 percent year-on-year, amounting to USD 1.9 billion (GEL 5.0 billion) in the fourth quarter of 2025.The improvement in the current account balance in the fourth quarter of 2025 was primarily driven by increased service exports. In particular, the services surplus rose by 14.1 percent, or USD 256.6 million, compared to the same period of the previous year, reaching USD 1,038.5 million. The travel services exports reached USD 1.1 billion (GEL 2.8 billion) in the fourth quarter of 2025, up by 9.2 percent annually. Exports of transportation services remained at a high level, amounting to USD 418.4 million in the fourth quarter of 2025, equivalent to 3.9 percent of GDP. Meanwhile, income from exports of computer and information services also continued to grow, reaching USD 357.0 million in the fourth quarter of 2025 and accounting for 3.4 percent of GDP.Net income account totaled USD -634.5 million (GEL -1.7 billion) in the fourth quarter of 2025. Net compensation of employees, the positive component of income account increased by 18.4 percent year-on-year while net investment income - the negative component grew by 9.1 percent over the same period.The current transfers account remained positive. Credits of current transfers increased by 14.7 percent year-on-year, totaling USD 1.0 billion (GEL 2.7 billion). Net transfers of the private sector rose by 15.0 percent, amounting to USD 945.4 million (GEL 2.6 billion).The current account deficit is predominantly financed by foreign direct investment. Net foreign direct investment amounted to USD 374.4 million (GEL 1.0 billion) in the reporting period, accounting for 3.5 percent of GDP.

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International assets totaled USD 19.9 billion (GEL 53.7 billion) as of December 31, 2025, increasing by USD 2.6 billion compared to the previous year.International liabilities increased by USD 5.1 billion during the year, reaching USD 52.3 billion (GEL 140.8 billion).

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Public sector external debt amounted to 11.7 billion USD (31.6 billion GEL) or 30.7 percent of GDP, out of which, debt of the general government amounted to 9.2 billion USD (24.8 billion GEL) or 24.1 percent of GDP. External liabilities of the National Bank of Georgia amounted to 780.9 million USD (2.1 billion GEL) or 2.0 percent of GDP, and the bonds and loans of public enterprises were correspondingly 473.1 million USD (1.3 billion GEL) or 1.2 percent of GDP and 1.3 billion USD (3.4 billion GEL) and 3.3 percent of GDP.Banking sector external debt amounted to 9.5 billion USD (25.5 billion GEL) or 24.8 percent of GDP; Other sectors’ external debt stood at 5.0 billion USD (13.4 billion GEL) or 13.0 percent of GDP; While 2.4 billion USD (6.6 billion GEL) or 6.4 percent of GDP was the intercompany lending. 86.7 percent of the gross external debt of Georgia was denominated in a foreign currency.The net external debt of Georgia amounted to 12.6 billion USD (34.0 billion GEL) or 33.1 percent of the 2025 annual GDP. Net public sector external debt was 5.6 billion USD (15.0 billion GEL) or 14.6 percent of GDP.External liabilities of the National Bank of Georgia decreased by 38.6 million USD, out of that, transactions led to external debt’s decrease by 37.5 million USD and exchange rate changes led to decrease by 1.0 million USD. By the end of the 2025, the external debt of the National Bank of Georgia amounted to 780.9 million USD, of which 475.5 million USD are Special Drawing Rights (SDR)1, which have no maturity date, therefore there is no obligation to repay them as long as Georgia is a member of the IMF.

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DemandIn Feb-26, demand remained solid on both primary and secondary markets, indicating strong start of the year and following the trend from 2H25. On the supply side, the living area of issued permits continued to fall for the 5th month in a row, signalling a normalization after previously elevated levels. Prices continued to grow with accelerated pace on both primary and secondary markets, supported by strong demand and slower permit issuance.Demand In Feb-26, total number of sold apartments in Tbilisi, according to the Public Registry data, stood at 3,822 units, of which:• Sales on the secondary market increased significantly by 19.2% y/y to 1,864 (up 8.6% y/y in 2M26).• Sales on the primary market, where data are impacted by delayed registrations, was up 11.2% y/y to 1,958 (up 7.8% y/y in 2M26).G&T’s real-time survey of developers, which captures current trends on the primary market, shows a significant 26.6% y/y increase in Feb-26. Cumulatively, primary market sales were up 24.1% y/y in 2M26. This largely reflects a low base effect from last year, driven by domestic political instability in Tbilisi. In total, 6,786 transactions were registered in Tbilisi in 2M26, bringing the residential market value to US$ 595mn (+16.7% y/y).SupplyIn Feb-26, construction permits were issued for 10 residential projects, with total living area reaching 60,283 sq.m (-44.7% y/y). Notably, the living area of issued permits has contracted for the 5th consecutive month, suggesting easing supply pressures after periods of high issuance. Overall, living area of permits in 2M26 was down 50.7% y/y.Prices In Feb-26, primary market price continued to rise with high growth rate, increasing by 0.9% m/m to US$ 1,398 per sq.m. The average price on the secondary market (for new buildings built with permits issued from 2013) was up 0.6% m/m, reaching US$ 1,304 per sq.m.RentsIn Feb-26, price for renting an average (50-60 sq.m) apartment in Tbilisi was at US$ 10.1 per sq.m (-1.8% m/m), keeping rental yield high at 8.6%.

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According to the alliance, the campaign will last exactly two months and will culminate in a large-scale protest rally in Tbilisi on May 26, Georgia’s Independence Day. Speaking at a briefing, one of the leaders, Zurab Japaridze, explained that the main objectives of the process are to increase direct communication with citizens, neutralize the ruling regime’s propaganda, and translate the dissatisfaction in society into real political action.He also said that the campaign is not exclusively the property of political groups and that various civil society organizations and active citizens are invited to join it.The opposition group expressed special gratitude to those who are in political prisons, have been subjected to physical violence, or have lost their jobs due to the protests. The statement emphasized that the struggle will not be easy, but that with active action, a change of government is only a matter of time and price.The alliance plans to maximize the number of people involved in the protests over the next two months in order to create a solid foundation for political change in the country by May 26.

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According to official statistics, “Georgian Dream” had a total of 28 donors in the period from January 15 to February 27. Among them is Tbilisi Mayor Kakha Kaladze, who transferred 12,000 GEL to the party account.During the reporting period, financial activity in the opposition spectrum was distributed as follows: “Lelo - Strong Georgia”: From January 8 to February 19, the party received 146,000 GEL. Among the donors are leaders: Mamuka Khazaradze, Badri Japaridze, Mamuka Katsitadze and Manana Nachkebia. “Freedom Square”: From January 1 to February 16, 44 individuals donated a total of 46,745 GEL to the party. Among the donors are Levan Tsutskiridze, Bakur Kvashilava and Simon Janashia. “Coalition for Changes”: From January 14 to February 23, donations received amounted to 3,460 GEL. “Gakharia for Georgia”: At the beginning of the year, the party received 2,371 GEL, including one of the donors, MP Tamar Khvedelian. According to the State Audit Office, the “United National Movement” did not receive any donations during the mentioned period of 2026.The data reflects the income declared by political parties during the first two months of the year.

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According to State Department Deputy Spokesperson Tommy Pigott, “Secretary of State Marco Rubio spoke with Georgia Prime Minister Irakli Kobakhidze today. They discussed areas of mutual interest including security in the Caucasus and Black Sea region.”Georgian Prime Minister Irakli Kobakhidze reported having a productive phone conversation with US Secretary of State Marco Rubio, focusing on “resetting the partnership” and Georgia’s role in the Caucasus region.“I had a productive phone conversation with US Secretary of State Marco Rubio. We emphasized the importance of resetting our partnership and reinforcing Georgia’s role as a strong partner in the South Caucasus. Committed to strengthening Georgia–U.S. ties and advancing regional stability and connectivity,” Irakli Kobakhidze wrote on a social network. pic.twitter.com/T69D2kc2Oc — Irakli Kobakhidze (@PM_Kobakhidze) March 31, 2026

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