Economics

Expression of interest launched for Anaklia Deep Sea Port rail link supervision

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Tbilisi (GBC) - Georgian Railway has issued a call for expressions of interest to select a consultancy firm to oversee the design and construction of new rail infrastructure linking to the Anaklia Deep Sea Port.

“Georgian Railway plans to build a railway line of approximately 17.74 km in Anaklia, along with a new station, a railway junction and other related infrastructure,” the company said in a statement.

Consultancy firms interested in supervising the design and construction of the new rail link can submit applications until 17:00 on 17 November 2026.

სიახლეები ამავე კატეგორიიდან

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Petroleum Products Account for 20.3% of Domestic Exports – Geostat

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Passenger Cars Make Up a Quarter of Georgia’s Exports

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Adjusted Gender Pay Gap Increases to 20.4%

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1,531 GEL: Median salary in Georgia increased by 14.9%

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Geostat: In 2025, the average monthly nominal wage up by 9.9% to 2,165...

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Georgian Wine's Position in the Brazilian Market: $50,000 Worth of Pro...

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Askaneli Group Opens 5-Star Hotel Complex in Kakheti with TBC’s Suppor...

The 45-room hotel complex combines international standards with local cultural traditions. The property features a spa center a fitness club, an outdoor swimming pool a bar, lounge areas, a traditional Kakhetian-style courtyard, and the restaurant "Askaneli." The launch of the project has created over 150 new jobs in the region, contributing to the employment of the local population and fostering economic activity.According to Giorgi Tkhelidze, General Director of TBC Bank, tourism has emerged as a new strategic area of focus within the framework of the 23-year partnership with Askaneli. According to him a priority for the bank is to finance projects that foster the economic development of the regions and ensure the implementation of high standards within the hospitality sector.Gocha Chkhaidze the founder of "Askaneli," noted that the new resort represents a synthesis of Georgian winemaking, gastronomy, culture and modern hospitality - a combination that will create additional opportunities for local winegrowers and partner businesses.

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Petroleum Products Account for 20.3% of Domestic Exports – Geostat

In the period from January to September 2026, the top ten destination countries accounted for 62.8% of Georgia’s total domestic exports. In this regard, the largest export partners are: China – $566.8 million Russia – $523.2 million Turkey – $323.1 million In the period from January to September 2026, oil and petroleum products rank first among the top ten categories of domestic exports, amounting to $762.6 million, a share of 20.3% of total domestic exports. Ores and concentrates of precious metals rank second with $464 million (12.4% of total domestic exports), while ferroalloys occupy third place with $239 million (6.4% of total domestic exports).

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Passenger Cars Make Up a Quarter of Georgia’s Exports

In January–September 2026, the ten largest export partner countries accounted for 67.8% of Georgia’s total exports. The top three export destinations were as follows: Kyrgyzstan – $650.2 million China – $583.1 million Azerbaijan – $566.7 million In January–September 2026, the ten largest import partners accounted for 69.2% of Georgia’s total imports. The top three are: Turkey – $2.18 billion China – $1.74 billion USA – $1.71 billion In January–September 2026, the ten largest trading partners accounted for 64.8% of Georgia’s total foreign trade turnover. The country’s largest trading partners are: Turkey – $2.54 billion China – $2.329 billion Russia – $2.21 billion According to Geostat data, for the period of January–September 2026, passenger cars ranked first among commodity groups in the top ten exports, amounting to $1.52 billion - which accounts for 24.9% of total exports. Oil and petroleum products rank second with $811.8 million (13.2% of total exports), while ores and concentrates of precious metals rank third with $464 million (7.5%).The largest import commodity group in January–September 2026 consisted of passenger cars, with imports amounting to $2.65 billion or 18.4% of total imports. Oil and petroleum products rank second with $1.4 billion (9.8% of imports), while packaged medicinal products rank third with $526.8 million (3.7% of imports).

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Two of the three Georgian companies listed on the LSE have recovered t...

Lion Finance Group (BGEO LN) shares closed at GBP 125.80/share (+1.62% w/w and -8.18% m/m). More than 311k shares traded in the range of GBP 122.10 - 128.90/share. Average daily traded volume was 58k in the last 4 weeks. The volume of BGEO shares traded was at 0.72% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 50.80/share (+4.83% w/w and -0.20% m/m). More than 312k shares changed hands in the range of GBP 48.64 - 51.20/share. Average daily traded volume was 63k in the last 4 weeks. The volume of TBCG shares traded was at 0.56% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 42.55/share (-2.41% w/w and -7.20% m/m). More than 180k shares traded in the range of GBP 42.00 - 45.35/share. Average daily traded volume was 37k in the last 4 weeks. The volume of CGEO shares traded was at 0.52% of its capitalization.

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Adjusted Gender Pay Gap Increases to 20.4%

In 2025, the adjusted hourly gender pay gap was 20.1% in the industrial sector and 10.9% in the service sector.Broken down by occupation/position, the adjusted hourly gender pay gap was highest among "plant and machine operators and assemblers," reaching 30.2%, followed by "technicians and associate professionals" (23.5%).

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EU Allocates EUR 38 MLN for Projects Supporting Georgia’s Population i...

The new projects that will continue to make a real difference in the lives of families and communities across Georgia: Economic opportunities in small cities and towns Skills for a changing labour market Socio-economic development in rural areas, especially driven by women Better access to markets and better food quality Actions to combat violence towards women and girls Safe and orderly migration Climate adaptation and disaster preparedness Continued support for communities in Abkhazia

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Georgian Prime Minister met with Iranian President Masoud Pezeshkian

The meeting, held in Yerevan on the sidelines of the 17th Conference of the Parties to the UN Convention on Biological Diversity (COP17), touched upon bilateral relations between the two countries. The parties highlighted positive cooperation in tourism.According to the Government Administration of Georgia, the meeting also focused on the regional security situation. The Georgian Prime Minister reiterated the vital importance of dialogue and diplomatic engagement in achieving de-escalation and ensuring lasting peace.

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Finance Minister holds high-level talks with international investment...

According to the Ministry of Finance, as part of the “Small Talk” symposium organised by Bank of America (BofA), the minister presented an overview of Georgia’s macroeconomic and fiscal indicators as well as medium-term plans to interested investment banks and asset managers.“Discussions focused on Georgia’s current macroeconomic and fiscal metrics, medium-term forecasts, conditions across international and emerging financial markets, and the domestic investment climate.Bilateral meetings were also held with senior executives from ICBC and Nomura, focusing on opportunities to place Georgian securities across international capital markets, including the Asian market.The inclusion of lari-denominated Georgian government bonds in J.P. Morgan’s new GBI-EM Edge index in September this year will further boost investor interest.The discussions also touched on Georgia’s initiatives across domestic and international capital markets to diversify funding sources and expand its investor base.Deputy Minister of Finance Ekaterine Guntsadze also attended the meetings on behalf of the Ministry,” the ministry stated.

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Petroleum Products Account for 20.3% of Domestic Exports – Geostat

1792409537 • Economics

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1,531 GEL: Median salary in Georgia increased by 14.9%

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Politics

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EU Allocates EUR 38 MLN for Projects Supporting Georgia’s Population i...

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Georgian Prime Minister met with Iranian President Masoud Pezeshkian

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European Parliament Resolution Calls for Sanctions on Georgian Dream L...

MEPs call on the EU and its member states to impose targeted personal sanctions and visa restrictions on individuals responsible for democratic backsliding, violent repression and political persecution. The resolution specifically names Bidzina Ivanishvili, Irakli Kobakhidze, Shalva Papuashvili and Kakha Kaladze. The document also refers to the constitutional lawsuit filed in November 2025 by the Georgian Parliament seeking to ban opposition parties, including the United National Movement, Coalition for Change and Strong Georgia – Lelo. The Federalists were subsequently added to the case, while For Georgia, described in the resolution as the only opposition party represented in Parliament, was added in September 2026.According to the resolution, the European Parliament also calls for: the immediate release of all political prisoners and those detained for peaceful protests, including Elene Khoshtaria, 2025 Sakharov Prize laureate Mzia Amaglobeli, Mikheil Saakashvili, Giorgi Baramidze and Nika Melia; the dropping of charges in politically motivated “sabotage” cases; the repeal of provisions allowing disproportionate restrictions on banned parties and individuals; an end to the use of legislation and state institutions to silence political opponents; the removal of obstacles facing European political foundations, including the Konrad Adenauer and Friedrich Naumann foundations. The resolution describes the situation in Georgia as increasingly deteriorating in terms of democracy, media freedom, human rights and the rule of law. MEPs characterize the attempts to ban opposition parties as part of what they describe as a broader Georgian Dream strategy to establish a one-party regime by eliminating political pluralism, comparing it to the models of Russia and Belarus. The European Parliament also reiterates its support for the Georgian people’s European aspirations and recalls its previous warnings that banning existing political parties would move Georgia away from the EU and hinder any steps toward EU membership. It also rejected two amendments submitted by Tomasz Froelich and Petar Volgin that sought to remove references to the alleged one-party strategy and targeted sanctions from the resolution.

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Tamaz Borashvili Confirmed as Head of State Security Service – Agency...

Prime Minister Irakli Kobakhidze submitted Borashvili’s candidacy to the legislature on September 14. Prior to this appointment, Borashvili served as the Deputy Head of the State Security Service. He replaces Geka Geladze, who announced his resignation on September 14 and will continue his career as a Deputy Minister of Internal Affairs.Under the law, the Parliament elects the Head of the State Security Service for a six-year term; however, the issue of appointing the agency's leader has appeared on the parliamentary agenda four times in the last year and a half. Tamaz Borashvili is the sixth person to hold the position of Head of the State Security Service. Heads of the State Security Service and the chronology of personnel changes: Vakhtang Gomelauri (August 1, 2015 – September 8, 2019) – The first head of the newly separated agency (over 4 years). Grigol Liluashvili (October 17, 2019 – April 2, 2025) – The longest-serving head (over 5 years). Anri Okhanashvili (April 4, 2025 – August 23, 2025) – Held the position for less than 5 months. Mamuka Mdinaradze (September 3, 2025 – April 21, 2026) – Led the agency for approximately 7 months. Geka Geladze (April 21, 2026 – September 14, 2026) – Left the position in less than 5 months.

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Maia Bitadze appointed as Georgia’s new Culture Minister

“Maia Bitadze is distinguished by her integrity, which was the primary criterion on which she was asked to assume the post of Minister of Culture,” Georgia’s Prime Minister Irakli Kobakhidze stated during a press briefing at the Government Administration.According to Kobakhidze, Bitadze possesses exceptional, long-standing managerial experience.“I would like to inform you that Mrs Maia Bitadze was today appointed as Georgia’s Minister of Culture. She requires no special introduction to the public. I want to emphasise that Mrs Maia possesses exceptional, long-standing managerial experience. For many years, she has held various high-ranking positions. Among other roles, she served for years as Deputy Minister of Environmental Protection and Deputy Mayor of Tbilisi, during which time she also oversaw the culture portfolio. Since 2020, Mrs Maia Bitadze has been a Member of the Parliament of Georgia and Chair of the Parliamentary Committee on Environmental Protection and Natural Resources. She holds a Doctorate in Law and is an Associate Professor at Tbilisi State University. Her integrity is exemplary, and this served as the principal criterion for inviting Mrs Maia to take up the position of Minister of Culture of Georgia. I am confident that Mrs Maia will be a highly successful Minister of Culture. I wish her great success,” stated the Prime Minister.Bitadze previously served as the Chair of the Parliamentary Committee on Environmental Protection and Natural Resources. Between 2011 and 2020, she held key public offices, serving as Deputy Minister of Environmental Protection followed by a term as Deputy Tbilisi Mayor.For context, the post of Culture Minister became vacant on 28 July after Tinatin Rukhadze’s resignation.