Violations in Georgian Wine Production Decline in 2025

Share of the domestic exports in total exports constituted 46.2 percent and amounted to USD 3 billion 367 million, 12.5 percent higher year-on-year.As of the document, in 2025 the share of the top ten trading partners by domestic exports in the total domestic exports of Georgia amounted to 68.9 percent. The top partners were Russia (USD 700.7 million), China (USD 301.9 million) and Türkiye (USD 298.8 million).In 2025 precious metal ores and concentrates claimed the first place in the list of top domestic export items, equaling USD 378.9 million, or 11.3 percent of total domestic exports. The domestic exports wine of fresh grapes totaled USD 266.5 million and their share in the total domestic exports amounted to 7.9 percent. The domestic exports of spirituous beverages occupied the third place, standing at USD 236.8 million and constituting 7.0 percent of the total domestic exports.

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Lion Finance Group (BGEO LN) shares closed at GBP 96.40/share (+4.90% w/w and +4.67% m/m). More than 266k shares traded in the range of GBP 90.75 - 96.95/share. Average daily traded volume was 53k in the last 4 weeks. The volume of BGEO shares traded was at 0.61% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 39.90/share (+1.92% w/w and -1.85% m/m). More than 357k shares changed hands in the range of GBP 38.05 - 39.90/share. Average daily traded volume was 51k in the last 4 weeks. The volume of TBCG shares traded was at 0.64% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 33.35/share (+7.06% w/w and +11.17% m/m). More than 302k shares traded in the range of GBP 31.00 - 33.65/share. Average daily traded volume was 56k in the last 4 weeks. The volume of CGEO shares traded was at 0.87% of its capitalization. 

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The prices for mining and quarrying increased by 0.2 percent compared to November 2025, resulting in a 0.01 percentage point contribution to the overall monthly PPI change. In the same period, the prices for manufactured products increased by 0.2 percent, contributing 0.19 percentage points to the monthly index change. Within the group, a noteworthy price increase was registered for food products (0.4 percent) and basic metals (3.0 percent). Besides, the prices increased for electricity, gas, steam and air conditioning by 1.0 percent, contributing 0.1 percentage points to the monthly index change.The annual PPI rate was mainly affected by price changes for the following products:• Mining and quarrying: the prices were 22.4 percent higher, contributing 1.44 percentage points to the overall annual index change. Within the group, the prices were higher for the subgroup of metal ores (30.8 percent);• Manufactured products: the prices increased by 4.8 percent, contributing 3.83 percentage points to the overall annual index increase. There was a notable increase in the prices for food products (11.5 percent) and basic metals (5.3 percent);• Electricity, gas, steam and air conditioning: the annual price increase amounted to 7.6 percent, which contributed 0.79 percentage points to the annual index change;• Water supply, sewerage, waste management and remediation services: the annual price increase amounted to 1.5 percent, which contributed 0.04 percentage points to the annual index growth. 

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In 2025 the share of the top ten trading partners by exports in the total exports of Georgia amounted to 78.3 percent. The top partners were Kyrgyzstan (USD 1 498.8 million), Kazakhstan (USD 910.0 million) and Russia (USD 749.3 million).In 2025 the share of the top ten trading partners by imports in the total imports of Georgia amounted to 70.5 percent. The top partners were Türkiye (USD 2 775.0 million), USA (USD 2 723.7 million) and China (USD 1 985.4 million).In 2025 the share of the top ten trading partners in the total external trade turnover of Georgia amounted to 67.8 percent. The top trading partners were Türkiye (USD 3 107.9 million), USA (USD 2 843.8 million) and Russia (USD 2 688.5 million).In 2025 motor cars claimed the first place in the list of top export items, equaling USD 2 814.4 million with 38.6 percent of total exports. The exports of precious metal ores and concentrates totaled USD 378.9 million and their share in the total exports amounted to 5.2 percent. The exports of spirituous beverages occupied the third place standing at USD 282.5 million and constituting 3.9 percent of the total exports.The top import commodities in 2025 were motor cars, whose imports equaled USD 3 870.8 million (20.9 percent of the total imports). The petroleum and petroleum oils followed in the list with USD 1 358.8 million (7.3 percent of imports). The Medicaments put up in measured doses were third in the top import commodity list with USD 680.3 million (3.7 percent of imports).

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According to the National Wine Agency, the largest share of Georgian wine in Europe was sold to Poland, with 6.8 million litres exported. Germany came in second, with 1.3 million litres, followed by Latvia with 1.2 million litres, Lithuania with 703.5 thousand litres, the United Kingdom with 327.7 thousand litres, Estonia with 271 thousand litres, and others.The agency notes that the growth in exports is particularly notable in countries renowned for their wine traditions, such as France, where demand for Georgian wine, especially qvevri wine, continues to increase. In 2025, approximately 133 thousand litres were exported to France, representing a 63% increase compared to 2024.A central focus of the National Wine Agency’s efforts is to promote and raise awareness of Georgian wine in international markets. Among European nations, the strategic markets for Georgian wine include the United Kingdom, Germany, Poland, and Scandinavian countries. The agency undertakes advertising and marketing campaigns in these regions to diversify market access. With the support of the National Wine Agency, Georgian wine producers participate in all major international wine and spirits exhibitions across Europe.

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“This is a very important day for Georgia’s aviation sector. Under the agreement, $150 million will be invested in expanding Tbilisi International Airport over the coming years. The figures for 2025 speak for themselves – all three of Georgia’s international airports served 8.5 million passengers, setting new records. This demonstrates the urgent need to expand Tbilisi Airport,” Ioselian said.Under the renewed agreement, Groupe ADP, which owns TAV Georgia, will continue to operate Tbilisi International Airport under updated conditions for the next five years, until 2031. The plan includes doubling the terminal’s capacity, increasing the number of passengers from 5 million to over 10 million annually, and expanding aircraft parking stands from 58 to 65.Ioselian noted that the investment will triple the revenue of the United Airports of Georgia, with the company also receiving an advance payment of $25 million. TAV Georgia will participate in marketing initiatives to attract additional airlines and establish more direct flights.The Deputy Minister also emphasized the government’s ongoing development of a new international airport in Vaziani, set to open in 2031, which will serve approximately 20 million passengers annually, after which Tbilisi International Airport’s current operations will cease.

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From August 1, 2025, to January 13, 2026, Georgia exported 10,000 tons of apples valued at $7.3 million. Compared to the same period in 2024, the export volume increased by 28% (2,200 tons) and the value rose by 47% ($2.3 million).Russia remained the main export destination, receiving 9,197 tons of apples. Other notable destinations included Turkey (540 tons), Belarus (150 tons), Armenia (83 tons), and Iraq (21 tons).The ministry also reported that the average export price per kilogram of apples reached $0.73, marking a 15% increase compared to the same period last year.

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According to the Agency’s assessment, following a decline in export volumes during the period 2021-2024, the hazelnut market demonstrated positive export dynamics in 2025. In January-October 2025, the volume of exported hazelnuts increased by up to 18% compared to the corresponding period of the previous year. At the same time, a slight decrease was observed in the Herfindahl–Hirschman Index (HHI) and in the market shares of leading companies.The analysis also reveals an upward trend in average product prices. After a period of declining prices during 2020-2022, when the lowest average price was recorded in 2022 at GEL 13 per kilogram, export prices increased to GEL 17 per kilogram in 2024. In 2025, the average price reached GEL 23.4 per kilogram, representing a 35% increase compared to the corresponding ten-month period of the previous year.Based on the Agency’s assessment, no risks of violations of competition legislation have been identified in the hazelnut market. The export segment is characterized by a low level of concentration, the presence of a large number of exporting undertakings, and the absence of a dominant position.For the purpose of assessing the competitive environment, the Georgian Competition and Consumer Agency initiated monitoring of the hazelnut market in 2023. Georgian hazelnut exports are primarily destined for Italy, followed by Germany, Spain, Armenia, and other markets.GCCA continues to monitor the hazelnut market, along with other strategically important markets.

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