Nadareishvili: Target audience of Eagle Hills projects is Georgian citizens

According to Papuashvili, several legislative initiatives have been developed in consultation with the government, which will be tabled at today’s session of the Parliamentary Bureau. The Parliament plans to adopt these amendments by the end of the year.“I would remind the public that in November 2006, under the United National Movement government, unconstitutional elections were held in the Tskhinvali region, resulting in the proclamation of a so-called president of South Ossetia and the formation of a so-called alternative South Ossetian government. Through this action, the government of the day granted indirect legitimacy to separatist processes, an egregious and grave betrayal of Georgia’s state interests.Several months later, a Temporary Administrative-Territorial Unit Administration was established in June 2007, once again in breach of the Constitution, based on the very same unconstitutional ‘alternative government’. This decision artificially restored the administrative boundaries of the South Ossetian Autonomous Region, which had been abolished in 1990. This move later became one of the key factors enabling the 2008 Russian military aggression and the occupation of Georgia’s historic region of Samachablo.From today’s perspective, it is evident that these decisions were part of an external power’s geopolitical manoeuvre, with Georgia cast as a sacrificial pawn. The policies implemented under Saakashvili’s leadership provoked an escalation in the region and ultimately drove the country towards war.Against this backdrop, members of Georgia’s Parliament have assessed this decision as gross treachery against Georgia’s national interests, a view reflected in the constitutional lawsuit demanding that the United National Movement be declared unconstitutional. It must be emphasised that at a time when Georgia has spent years working to strengthen its policy of non-recognition, the United National Movement regime’s use of the term ‘South Ossetia’, even indirectly, was from the outset a betrayal of the Constitution and national interests. No ‘South Ossetia’ exists within Georgian legal or political space whatsoever.Accordingly, following consultations with the government, we have decided to abolish the administration of the administrative-territorial unit established on the territory of the former South Ossetian Autonomous Region.I should emphasise that the municipalities of Akhalgori, Kurta, Tighvi, and Eredvi will remain operational. These were elected in 2006 in full accordance with the Constitution. They represent the only legitimately elected and functioning government in the Tskhinvali region and thus constitute the sole lawful continuation of Georgia’s legal and constitutional framework,” declared Papuashvili.

1763379381

During a recent briefing in Parliament, Papuashvili explained that the functions of the Anti-Corruption Bureau will be entirely transferred to the State Audit Office of Georgia (SAO).“The second key aspect involves reviewing and consolidating institutional models that have existed for years, often in a fragmented or externally imposed form. We aim to strengthen the constitutional framework of the governance system and optimise the utilisation of state resources.Tackling corruption remains one of the government’s top priorities. Significant steps have been taken in this direction recently. The process involves the Department of Government Administration Efficiency, the State Audit Office, the Anti-Corruption Agency of the State Security Service, and the Prosecutor’s Office.Currently, the Anti-Corruption Bureau primarily handles the collection and monitoring of declarations from officials, political parties, and non-governmental organisations. Following consultations with the government, it was agreed that this function would be better suited to the State Audit Office, an independent, higher constitutional institution operating within the framework of public governance.In line with this initiative, it has been announced that the Anti-Corruption Bureau will be abolished from March 2, 2026, with its responsibilities fully transferred to the State Audit Office,” stated Shalva Papuashvili.

1763378658

According to G&T research, the highest growth of +11.6%Y.Y comes from branded chains (non-branded growth +7.5%Y.Y).The profitability of branded chains is mainly due to regional expansion and sales growth of existing stores. The average revenue of 1 store in Tbilisi is 2 million GEL, in the region it is 1.6 million GEL."Daily Group" maintains its leadership in the FMCG market. Recall that in 11/2024, the group was consolidated by merging "Foodmart" (with the brands Spar, Ioli and Kalata), "Daily", "Gvirila Retail" and "Retail Group" (Magniti) into one holding company.

1763118857

Demand will exceed supply by 2/3. Lasha Khutsishvili bases this expectation on the country's economic indicators, the ongoing work carried out by the government, as well as the goodwill of investors, which, according to him, is really visible.In response to a question from Parulava in the Parliament, he noted that the refinancing of $ 500 million is planned for 04/2026 and due to the increase in the price of money, the interest rate will not be the same as it was 4 or 5 years ago, although the spread, which is set according to the country's risk, will be less than the component of the previous, 2021, issue rate.“Let's wait 3-4 months and we will see this soon”, - Khutsishvili said, adding that the upcoming refinancing is neither the first nor the last.In April 2021, the country's sovereign 5-year bonds were placed at 2.75%. The risk component was 2.2%. Accordingly, the minister expects it to rise to 2.2%.On 12.04.2021, the previous issue, 10-year Eurobonds issued in 2011 (6.875%), expired.

1763118126

"Development of the national startup ecosystem is one of the main priorities of the policy that the Georgian government has been implementing for the past 10 years, the goal of which is the development of an economy based on knowledge and innovation. For this very purpose, Georgia is participating in the world's largest technology event for the third time. Both the country's stand and Georgian startups are represented, which have the opportunity to talk to global investors and mentors about various projects," said Irakli Nadareishvili.In the exhibition space organized within the framework of the event in cooperation with the Georgian Innovation and Technology Agency and agency “Enterprise Georgia", the summit participants and visitors had the opportunity to get acquainted and receive comprehensive information about the business and investment environment in Georgia and the advantages of the startup ecosystem.Web Summit is one of the largest international platforms in the field of technology, where more than 70,000 participants from more than 160 countries, hundreds of startups, investors and representatives of international companies gather annually. This year, Georgian startups - Klics; BetterStep; VS1 – DeFi; Backoffice; Herio and Tasteit, which were distributed in different profile zones, participated in the technology summit. A panel discussion was held within the framework of the summit, one of the speakers of which was the Deputy Minister of Economy and Sustainable Development."We had the opportunity to get acquainted with global technology trends and products, and I also introduced myself in this regard. I participated in a panel discussion, where the discussion focused specifically on the offer that Georgia has for global startups, innovative and technological companies - including tax benefits and the startup status that we recently introduced in Georgia", - noted Irakli Nadareishvili.According to the Deputy Minister, it is important that Georgia is represented so diversely at the event - this will contribute to attracting new international investors to the country and the development of both specific startups and the startup ecosystem in general. In addition, as Irakli Nadareishvili noted, four new global accelerators will start operating in Georgia from 2026, which will significantly support startups, including in terms of entering the international market and attracting investments.The Chairman of the Innovation and Technology Agency, Avtandil Kasradze, and the Director of the "Enterprise Georgia", Mikheil Khidureli, participated in the Web Summit 2025.

1763117932

In 2024 the real GDP increased by 9.7 percent. In 2024 GDP deflator percentage change equaled 4.9 percent YoY.The largest shares of GDP by activity are held by Wholesale and retail trade; repair of motor vehicles and motorcycles (15.4 percent) and Real estate activities (9.8 percent), followed by Manufacturing (9.7 percent), Construction (8.5 percent), Public administration and defence; compulsory social security (6.8 percent), Information and communication (6.4 percent), Agriculture, forestry and fishing (6.3 percent), Transportation and storage (6.3 percent), Education (5.6 percent).In 2024, real growth was registered in Wholesale and retail trade; repair of motor vehicles and motorcycles (9.3 percent), Information and communication (24.6 percent), Education (28.2 percent), Public administration and defence; compulsory social security (15.5 percent), Agriculture, forestry and fishing (13.5 percent), Construction (12.2 percent), Transportation and storage (11.2 percent).A decrease was recorded in Electricity, gas, steam and air conditioning supply (10.5 percent).

1763117798

According to an application submitted to the Georgian Civil Aviation Agency under the Ministry of Economy and Sustainable Development, flights between Beijing and Tbilisi will operate via Ürümqi starting on December 2.The introduction of direct flights to Beijing follows a visit by Georgia’s Prime Minister to the People’s Republic of China. During this visit, key topics, including the strengthening of cooperation in civil aviation, were discussed. As part of the visit, Georgia’s Minister of Economy and Sustainable Development, Mariam Kvrivishvili, signed a memorandum of understanding to develop the Air Silk Road. This agreement underscores both countries’ commitment to fostering the ‘Air Silk Road,’ intended to establish liberal air transport corridors and enhance bilateral cooperation in civil aviation.The launch of direct flights between Tbilisi and Beijing is set to have a positive impact on Georgian-Chinese relations. Flights will be operated twice weekly, on Tuesdays and Saturdays. The Civil Aviation Agency of Georgia granted Air China the necessary operating permit today.Air China entered the Georgian market in December 2024. Currently, the airline operates flights between Tbilisi and Ürümqi twice weekly and has transported 25,035 passengers in the first ten months of this year.

1763117627

According to the Ministry, the Georgian delegation centred its discussions on the urgent need for Russia to fully fulfil its obligations under the ceasefire agreement, as well as on ensuring the safe and dignified return of internally displaced persons (IDPs) and refugees from the occupied territories to their homes.“In the period of November 11-12, 2025, the 65th round of the Geneva International Discussions took place, led by Deputy Minister of Foreign Affairs Lasha Darsalia.Throughout the negotiations, the Georgian delegation emphasised the core issues on the agenda, notably the necessity for Russia to implement its international commitments under the August 12, 2008, ceasefire agreement brokered by the European Union, and to facilitate the safe and dignified return of internally displaced persons and refugees to their homes from the occupied territories.The importance of restoring the Incident Prevention and Response Mechanism (IPRM) in Gali without preconditions was underscored, along with the need for the mechanism to operate regularly in Gali and Ergneti in accordance with fundamental principles.The Georgian side also strongly raised concerns about the occupation of the territories, highlighting the serious security, humanitarian, and human rights crises in the regions, as well as the destructive actions undertaken by the occupation regimes. The Georgian side has voiced particular concern over the recent unlawful opening of the airport in Sukhumi, which violates fundamental principles and norms of international law, as well as the commencement of regular flights and the initiation of rail and sea passenger services from Russia to Sukhumi.As usual, representatives of Russia and the occupation regimes departed from the negotiation table on one of the key issues on the agenda, the return of internally displaced persons and refugees. Consequently, as with previous rounds, the 65th negotiations ended without resolution.The Geneva International Discussions were established in response to the 2008 agreement brokered by the European Union. The core issues under discussion include the full implementation of the ceasefire agreement, the safe and dignified return of internally displaced persons and refugees, and addressing the security and humanitarian challenges created by Russian occupation,” the Georgian Ministry of Foreign Affairs said in a statement.

1763039800