Demand in Aug-25, total number of sold apartments in Tbilisi, according to the Public Registry data, stood at 2,858 units, of which:• Sales on the secondary market declined slightly by 0.3% y/y (down 0.3% y/y in 8M25).• Sales on the primary market, where data are impacted by delayed registrations, decreased by 17.8% y/y (up 1.8% y/y in 8M25).According to the survey of developers, which captures current trends on the primary market, showed 12.2% y/y decrease in Aug-25, mostly due to last year’s high base. Cumulatively, primary market sales were up 0.5% y/y in 8M25 according to this surveyIn total, 25,636 transactions were registered in Tbilisi in 8M25, bringing the residential market value to USD 2bn (+5.2% y/y).SupplyIn Aug-25, construction permits were issued for 22 residential projects, with total living area reaching 145,928 sq.m. (+6.9% y/y). Overall, permit issuance in 8M25 was up 3.3% y/y.PricesIn Aug-25, primary market price continued to grow with a slow rate, up by 0.1% m/m to US$ 1,341 per sq.m.. Likewise, the average price on the secondary market (for new buildings built with permits issued after 2013) was up by 2.8% m/m to US$ 1,299 per sq.m..RentsIn Aug-25, price for renting an average apartment (50

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In 2024, the sector grew by 9%, contributing 5.9% to the country’s GDP. Growth has been driven largely by intensifying trade flows between Europe, the Caspian region, Central Asia, and China, positioning Georgia as a key transit hub in the region.Cargo turnover has been steadily increasing since 2015, with a compound annual growth rate (CAGR) of 5% between 2015-2024. Looking ahead, TBC Capital forecasts that cargo turnover will expand at a slightly faster pace of 5.5% CAGR between 2025-2028, reflecting stronger domestic demand, export activity, and enhanced trade with Central Asia.This surge in transportation has also boosted demand in the warehousing sector. Current warehouse capacity in Georgia stands at 2.2 million sq. m., 90% of which is dry storage and 10% refrigerated. Ownership dominates the market, with 67% of warehouses used directly by owners and 33% leased. Rental rates range from $3–6 per sq. m., with Class A facilities reaching $7–8 per sq. m.TBC Capital projects that demand for warehousing services will increase by an average of 9% annually between 2025-2028, fueled by both local and transit cargo growth.The study also highlights the Middle Corridor, which connects Europe and Central Asia through Georgia. While the corridor’s importance has grown amid geopolitical shifts, it remains less competitive than alternatives due to infrastructure limitations and administrative hurdles. However, upcoming infrastructure projects are expected to double the corridor’s throughput from 6 to 12 million tons, with forecasts suggesting that by 2030, regional economic growth will fully absorb its capacity.In addition, the Zangezur Corridor has emerged as a potential alternative transit route. Although its impact is expected to be limited in the short term, in the medium term, it could divert part of the Azerbaijan-Turkey and Turkey-Central Asia cargo flows currently passing through Georgia.

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Organised jointly by the National Bank, the Ministry of Economy and Sustainable Development, and the Singapore-based Global Finance and Technology Network (GFTN), the summit will feature leaders from the fintech and financial sectors, representatives of major companies, and experts invited from around the world.Scheduled for October 22-23, the two-day event will include a series of sessions and panel discussions.The summit’s primary focus will be on the future of financial technologies, the development of the region’s innovative infrastructure, and the Middle Corridor as a key hub for global trade and digital finance. Bilateral business meetings among participating companies from various sectors are also planned.The Tbilisi Finance Summit is part of GFTN’s series of events, with Georgia chosen as its host. This positions Georgia within the network’s strategic goal to establish the country as the main link in the Middle Corridor connecting Europe and Asia. Originating in Singapore, GFTN has a proven track record of success across Asia and Europe, and this summit signifies Georgia’s pivotal role in its development, the National Bank stated.The NBG also clarified that pre-registration is mandatory for all participants and media representatives wishing to attend the summit.

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Compared to August 2024, the DPPI increased by 4.2 percent.The prices for mining and quarrying decreased by 2.5 percent and for manufactured products prices increased by 3.2 percent, for electricity, gas, steam and air conditioning by 11.2 percent and the prices for water supply, sewerage, waste management and remediation services remained unchanged.

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In January-August 2025 the share of the top ten trading partners by exports in the total exports of Georgia amounted to 79.8 percent. The top partners were Kyrgyzstan (USD 943.1 million), Kazakhstan (USD 572.9 million) and Russia (USD 480.7 million).In January-August 2025 the share of the top ten trading partners by imports in the total imports of Georgia amounted to 71.3 percent. The top partners were USA (USD 1 801.0 million), Türkiye (USD 1 779.8 million) and China (USD 1 225.1 million).In January-August 2025 the share of the top ten trading partners in the total external trade turnover of Georgia amounted to 68.7 percent. The top trading partners were Türkiye (USD 1 989.7 million), USA (USD 1 863.5 million) and Russia (USD 1 705.5 million).In January-August 2025 motor cars claimed the first place in the list of top export items, equaling USD 1 728.3 million with 38.9 percent of total exports. The exports of precious metal ores and concentrates totaled USD 239.1 million and their share in the total exports amounted to 5.4 percent. The exports of spirituous beverages occupied the third place standing at USD 172.0 million and constituting 3.9 percent of the total exports.The top import commodities in January-August 2025 were motor cars, whose imports equaled USD 2 422.6 million (20.5 percent of the total imports). The petroleum and petroleum oils followed in the list with USD 846.1 million (7.2 percent of imports). The paintings, drawings and pastels (executed entirely by hand) were third in the top import commodity list with USD 481.4 million (4.1 percent of imports).

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In January-August 2025 the share of the top ten trading partners by domestic exports in the total domestic exports of Georgia amounted to 71.1 %. The top partners were Russia (USD 450.1 million), Türkiye (USD 185.6 million) and China (USD 177.9 million).In January-August 2025 precious metal ores and concentrates claimed the first place in the list of top domestic export items, equaling USD 239.1 million, or 11.9% of total domestic exports. The domestic exports wine of fresh grapes totaled USD 164.9 million and their share in the total domestic exports amounted to 8.2%. The domestic exports of spirituous beverages occupied the third place, standing at USD 142.1 million and constituting 7.1% of the total domestic exports. 

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The prices for mining and quarrying decreased by 0.3 percent compared to July 2025, resulting in a -0.02 percentage point contribution to the overall monthly PPI change. In the same period, the prices for manufactured products decreased by 0.1 percent, contributing -0.06 percentage points to the monthly index change.Within the group, a noteworthy price decrease was registered for coke and refined petroleum products (-5.3 percent). Along with this, the prices increased for electricity, gas, steam and air conditioning by 2.3 percent, contributing 0.25 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 13.8 percent higher, contributing 0.86 percentage points to the overall annual index change. Within the group, the prices were higher for the subgroup of metal ores (19.2 percent) Manufactured products: the prices increased by 2.1 percent, contributing 1.72 percentage points to the overall annual index increase. There was a notable increase in the prices for food products (4.7 percent) and beverages (4.6 percent) Electricity, gas, steam and air conditioning: the annual price increase amounted to 12.0 percent, which contributed 1.23 percentage points to the annual index change.

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The new buses were unveiled to the public by Tbilisi Mayor Kakha Kaladze, alongside Vice Mayor Giorgi Tkemaladze, Head of Tbilisi Transport Company Ltd Giorgi Sharkov, and Head of the Tbilisi Transport and Urban Development Agency Nino Bagashvili.As the mayor noted, the next batch of 18-metre buses will be gradually introduced across various routes starting from September 27.“Today is a very positive day for our city, as we take another significant step forward in our transport policy. The 200 units of 18-metre buses, which we purchased last year, are now in Tbilisi and ready to serve our residents. I am pleased that in recent years we have managed to completely renew our fleet with modern, European-style buses and minibuses.From September 27, these new 18-metre buses will begin operating on various routes, providing better service to our citizens. Meanwhile, the 10-metre and 12-metre buses that are being replaced will be redistributed across different routes. Of course, we must continue developing public transport so that every district and region has access to modern buses and minibuses.This process is ongoing, the city is growing, progressing, and implementing new projects. Therefore, we must maintain harmony in our public transport system.Currently, one of our main challenges is traffic congestion. We are doing everything possible to make public transport more comfortable. That’s why, based on relevant studies, we are establishing bus lanes wherever feasible,” said Kakha Kaladze.According to Tbilisi City Hall, the purchase of 200 18-metre MAN buses was made under an agreement between the Tbilisi Transport Company and Tegeta Holding.The new buses, powered by compressed natural gas (CNG), are designed to carry 162 passengers, with 43 seats.“They are fully accessible for people with disabilities, featuring designated space for a wheelchair, a retractable ramp, and modern standards for heating, air conditioning, and ventilation suited to Tbilisi’s climate. The buses are equipped with voice information systems, internal and external anti-vandal video monitoring, mobile phone charging points, and other advanced monitoring, control, and security features. An onboard information system includes a computer for managing fare collection and passenger information, along with digital display boards, audio announcements, video surveillance, and WIFI connectivity.The buses are low-floor and have four entry doors. Currently, 76 of these 18-metre buses have been deployed on several routes, with the remainder gradually replacing older vehicles of various capacities. The total investment in the project amounts to EUR 111.1 million,” the Tbilisi City Hall statement reads.

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The updated agreement introduces modernized provisions in several key areas, including e-commerce, technical barriers to trade, sanitary and phytosanitary measures, and investment promotion. Both sides agreed on the main part of the amendment text, signaling progress toward deepening economic cooperation.Discussions also covered the potential opening of the Chinese market to Georgian honey and poultry meat, with the Georgian side expecting positive developments soon. “The free trade agreement with China has raised trade and economic relations between the two countries to a new height. Not only has trade turnover increased, but investments, tourism, and civil aviation have also shown positive trends,” said Deputy Minister Arveladze.The parties confirmed that the protocol of amendments to the Free Trade Agreement will be officially signed in the first quarter of 2026, marking another step in strengthening bilateral trade relations and expanding opportunities for Georgian exporters in the Chinese market.

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Significant contributions to the real GDP growth in Q2 2025 are related to increase of value-added of the following activities: Information and communication (37.1%), Education (28.9%), Arts, entertainment and recreation (16%), Public administration and defence; compulsory social security (9.1%), Financial and insurance activities (11.8 %), Human health and social work activities (14.3%), Accommodation and food service activities (8.4%).A decrease in the real value-added occurred in Agriculture, forestry and fishing (-2.5%),Construction (-2.6%), Electricity, gas, steam and air conditioning supply (-7%).The largest share in GDP by activity is held by Trade (14.7 percent) and Real estate activities (9.1%), followed by Manufacturing (8.9%), Information and communication (7.5 %), Construction (7.3%), Agriculture, forestry and fishing (7%), Public administration (6.8%), Education (6.7%), Financial and insurance activities (5.4%).

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