Former Prime Minister Giorgi Gakharia Declared Wanted

Speaking about the 2021–2025 period, Khutsishvili highlighted that funding for social support and healthcare programs has increased by over GEL 3.5 billion, accounting for 38% of the total budget growth.Key measures in the 2025 draft budget include:Pensions and Social Benefits: Pensioners under 70 years: +110 GEL; in high-mountain areas: +132 GEL Pensioners aged 70 and above: +175 GEL; in high-mountain areas: +210 GEL Number of beneficiaries increased by over 85,000 Compensation for former soldiers and police officers increased by more than 40%, with the upper limit rising from 560 GEL to 1,035 GEL Social benefits for persons with disabilities increased proportionally Assistance for children under 16 increased from 100,000 to 120,000 recipients, with monthly support now 200 GEL per child Healthcare: Funding for healthcare programs increased by over GEL 600 million Salaries of primary healthcare personnel to increase by 10% Defense and Security: Total funding reached GEL 4.2 billion, with a 20% share of the overall budget increase Salaries for soldiers and police officers have risen by 60% over the last four years Education: Funding increased by over GEL 2 billion (22% of the total budget increase) Average salaries for public school teachers increased by GEL 700–800, while kindergarten staff salaries rose by GEL 400–500  Infrastructure: Capital expenditure allocations for 2025 exceed GEL 8 billion, a 66% increase compared to 2021 Additional Social Measures: Pensions for elderly and disabled individuals increased further, including 495 GEL for pensioners 70+ and 370 GEL for those under 70, with higher amounts in mountainous regions Social programs financing totals GEL 7 billionHousing support for displaced persons allocated GEL 240 million Khutsishvili emphasized that the public sector has seen a 46% increase in salaries over the last four years, reflecting ongoing efforts to improve living standards and strengthen social welfare, education, and healthcare systems.

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The transaction was managed by international investment banks, including Citigroup, J.P. Morgan, BCP Securities, Oppenheimer Europe, Société Générale, and Galt & Taggart. Legal advisory was provided by Sidley Austin LLP and Baker & McKenzie LLP for compliance with English and U.S. law, and by Dentons Georgia LLC and Andersen for Georgian legislation.The Eurobonds will be listed on the Irish Stock Exchange and received a Ba2 rating from Moody’s Investors Service.“I am pleased that another important transaction in the history of the Bank of Georgia has been successfully completed. This is the largest international placement of local currency Eurobonds from the private sector in the Caucasus, Turkey, and Central Asia up to 2025,” said Archil Gachechiladze, General Director of the Bank of Georgia.“The transaction underscores the strong financial position of the Bank Group and reflects high confidence from investors.”

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DemandIn Sep-25, total number of sold apartments in Tbilisi, according to the Public Registry data, stood at 4,011 units, of which:• Sales on the secondary market increased significantly by 12.9% y/y (up 0.5% y/y in 9M25).• Sales on the primary market, where data are impacted by delayed registrations, increased by 12.6% y/y (up 4.9% y/y in 9M25). According to G&T, real-time survey of developers, which captures current trends on the primary market, showed a significant 81.8% y/y rise in Sep-25, supported by the launch of presales in several large-scale developments.Cumulatively, primary market sales were up 16.4% y/y in 9M25 according to Galt & Taggart developer survey.In total, 29,972 transactions were registered in Tbilisi in 9M25, bringing the residential market value to US$ 2.5bn (+12.4% y/y).SupplyIn Sep-25, construction permits were issued for 17 residential projects, with total living area reaching 194,189 sq.m. (+48.5% y/y). Overall, permit issuance in 9M25 was up 8.1% y/y, making supply expansion a key metric to monitor in the future.PricesIn Sep-25, primary market price continued to grow, up 0.3% m/m to US$1,345 per sq.m. Likewise, the average price on the secondary market (for new buildings built with permits issued after 2013) was up by 1.1% m/m to US$1,310 per sq.m.RentsIn Sep-25, price for renting an average apartment (50-60 sq.m.) in Tbilisi increased by 1.1% m/m to US$ 9.7 per sq.m., keeping rental yield at 8.6%.

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“Pursuant to the first paragraph of Article 24 of the Law of Georgia on the Structure, Powers and Procedures of the Government of Georgia, Leri Barnabishvili is hereby dismissed from his position as Deputy Minister of Finance of Georgia, effective from November 11, 2025,” the Prime Minister’s decree reads.Leri Barnabishvili was appointed Deputy Minister of Finance in early May 2024.Prior to that, he held the position of Head of the Department for Relations with Regions of the Government Administration.The Ministry of Finance wrote in May last year that Barnabishvili had 20 years of experience working in the Ministry of Finance system, including holding the position of Deputy Minister of Finance in 2015-2020.

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According to Rico founder Lasha Nikolaishvili, the Ministry of Finance’s Investigation Service was immediately notified of the suspicious transaction. He also noted that the banknotes were highly professional forged, and their detection requires high-tech equipment, which is equipped in all branches of the microfinance organization.According to him, attempts to overheat counterfeit banknotes are not uncommon. There are 10-15 cases per month, although in small volumes and often the consumer does not even know that the banknote is counterfeit.

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The first premium class business card in the region, which offers business customers exclusive opportunities. Among them are financial privileges: a multi-currency account and a high withdrawal limit.Travel privileges: USD 50,000 travel insurance with special conditions; access to more than 1,200 VIP lounges at international airports; priority boarding at more than 70 airports (6 times free); discounts and cashback at hotels; access to the Crisis24 Horizon platform.10% discount on Hertz Plus car rentals; Hertz Gold Plus Reward status for free; priority access to entertainment events on the Priceless Cities platform.The card is free for 1 year.“The Bank of Georgia is constantly working to offer business customers products that will simplify their operational activities.The Mastercard Corporate Card, along with financial flexibility, implies comfort and exclusive privileges,” said Zurab Kokosadze, Deputy Director General of the Bank of Georgia.

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The Dynamic Portfolio, which has the highest share of international stocks among the fund’s portfolios, rose 1.7% in October, while the Balanced and Conservative Portfolios increased by 1.43% and 1.15%, respectively.Since the beginning of 2025, the year-to-date returns are significant: Dynamic Portfolio: 13.9% Balanced Portfolio: 11.83% Conservative Portfolio: 10.12% The Dynamic Portfolio continues to lead in annualized performance since its launch on August 6, 2023, with profitability reaching 14.8%, compared to 13.4% for the Balanced Portfolio and 12% for the Conservative Portfolio.The pension scheme now includes 1.686 million participants. As of October 31, 2025, 24,823 people received pensions totaling 112 million GEL. The fund’s total assets have grown to GEL 7.9 billion, generating over GEL 2.1 billion in income.The strong returns highlight the fund’s continued focus on diversified investments and long-term growth for participants.

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Based on the first paragraph of Article 24 of the Law of Georgia “On the Structure, Powers and Rules of Activity of the Government of Georgia”, Giorgi Sakhokia is hereby appointed as Deputy Minister of Internal Affairs of Georgia”, the order reads.Biography of Giorgi Sakhokia:2001-2007 – Lawyer at Land Software Design LLC, rank of Police Lieutenant;2007-2012 – Various managerial positions at Silkneti JSC;2013-2014 – Head of the Internal Audit Service of the LEPL Service Development Agency of the Ministry of Justice;2014-2015 – Deputy Head of the Administration (Department) of the Ministry of Internal Affairs of Georgia;2015 – Deputy Head of the Public Information Division of the Administration (Department) of the Ministry of Internal Affairs of Georgia;2015-2018 – Head of the Public Information Division of the Administration (Department) of the Ministry of Internal Affairs of Georgia;2018-2019 – Head of the Administration (Department) of the Ministry of Internal Affairs of Georgia;2019-2020 – Head of the Office of the Prime Minister of Georgia;2020-2021 – Deputy Head of the Administration of the Government of Georgia;2021 – State Representative in Lanchkhuti, Ozurgeti and Chokhatauri Municipalities;2021-2025 – LEPL State Care and Assistance Agency for Victims and Sufferers of Trafficking, Advisor to the Director;2025 – Director of LEPL “Defense Volunteer” of the Ministry of Defense of Georgia;2025 – Rector of the LEPL Academy of the Ministry of Internal Affairs of Georgia;From November 10, 2025 – Deputy Minister of Internal Affairs of Georgia.

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