Georgia
Caucasus forum discusses cross-border financial technology testing
A CBA representative joined talks on cross-border payments and regulatory experimentation in Tbilisi. No common testing regime has been launched.
Georgia’s export growth needs a domestic value-added test
Export turnover, domestic production and net foreign-currency earnings measure different things. A closer look at Georgia’s trade model.
Georgia’s deposit dollarization falls to 43%: implications for banks and borrowers
The foreign-currency deposit share has dropped by 11 percentage points. What that changes for bank funding and borrower risk.
Fitch revises Georgia outlook to Positive, affirms BB rating
Georgia keeps its BB rating as reserves and growth strengthen its credit profile. External and foreign-currency vulnerabilities remain.
New homes in Tbilisi rise 5.9% in price over a year
Geostat reports higher new-home prices in Tbilisi in the third quarter. The index uses sellers’ asking prices and is calculated in Georgian lari.
Georgia's Tourism Revenue Rises to $3.8 Billion in Nine Months
From January to September 2026, Georgia earned $3.8 billion from international tourism, up 4.4% year-on-year. Growth was driven mainly by tourists from the EU and the UK.
Azerbaijan's Outbound Travel Drops 1.8%
In January-September 2026, 1,575,300 Azerbaijani citizens traveled abroad, 1.8% fewer than a year earlier. Most went to Turkey, Russia and Georgia.
Azerbaijan and Georgia Aim to Boost Trade to $2 Billion
Azerbaijan's Ambassador to Georgia Faig Guliyev announced plans to increase mutual trade to $2 billion. In 2025, the figure stood at $1.4 billion.
Georgia, Armenia and Azerbaijan: three different innovation economies
Georgia leads its neighbours overall in WIPO’s index, Armenia ranks higher for outputs, and Azerbaijan has a larger input–output gap. A single league-table position does not describe the whole system.
AI is changing regional businesses. Which tasks should come first?
Banks, retailers and producers in the region are integrating AI into everyday work. World Bank case studies show where value appears—and why another firm’s savings cannot be promised to your own.
Why Azerbaijan’s economy is growing more slowly than its neighbours
The World Bank estimates Azerbaijan’s 2026 GDP growth at 1.2%. New nine-month data show 1.5%, but leave a larger question unresolved: what can replace a weakening oil-sector growth engine?
Georgia to Invest $7 Billion in Transport Infrastructure by 2032
Georgian Prime Minister Irakli Kobakhidze announced plans to invest $7 billion in transport development by 2032, with railway modernization as a key priority.
Tbilisi Overtakes Baku in Startup Ranking: What's Behind the Shift
Tbilisi entered the global top 300 startup cities, while Baku fell outside. But the round-number boundary makes the gap look larger than it is in points: the capitals are separated by ten places and about 4.1% in overall score. For businesses, it's more important to understand what opportunities lie behind this comparison.
Alasania: South Caucasus and Caspian Need Concrete Projects, Not Discussions
Former Georgian Ambassador to the UN Irakli Alasania said at the CAMCA-2026 forum in Baku that the region has the infrastructure and political will for integration, but it is time to move to implementing concrete programs.
Georgia to Invest 890 Million Lari in Middle Corridor Railway
Georgia plans to allocate 890 million lari ($341.9 million) to develop the railway infrastructure of the Middle Corridor in 2027–2030. The project includes the purchase of 45 freight electric locomotives and 10 passenger electric trains.
Azerbaijan, Turkey and Georgia Discuss Simplified Customs Procedures on Middle Corridor
The 5th meeting of the Trilateral Customs Commission was held in Goygol District. The parties signed a protocol on agreements.
Azerbaijan Increases Imports of Georgian Products by 14.2%
In January-August, Azerbaijan imported $124.242 million worth of Georgian-made goods, up 14.2% year-on-year. Azerbaijan accounted for 3.8% of Georgia's exports of local products.
Iranian Airlines Suspend Flights to Georgia Over US Sanctions
From September 21, Iranian carriers blacklisted by OFAC stopped operating flights to Georgia. Georgia's Civil Aviation Agency said it fully complies with the sanctions regime.
PASHA Bank Has No Plans to Buy Banks, Focuses on Azerbaijan-Turkey-Georgia Trade
PASHA Bank Deputy Chairman Bahruz Naghiyev said the bank has no plans to acquire local or foreign banks. Its main strategy is financing trade between Azerbaijan, Turkey and Georgia.
Georgia to Invest $7 Billion in Port Infrastructure
Prime Minister Irakli Kobakhidze announced plans to allocate $7 billion for the development of ports and infrastructure to enhance the country's transit potential.
Tbilisi Home Sales Hit Record 4,503 Apartments in June
June 2026 was one of the most active months in Tbilisi's residential real estate market, with 4,503 apartments sold and a 52.6% year-on-year growth in the primary market.
Azerbaijan-Georgia Trade Turnover Up 43.8%
In January-July, trade turnover between Azerbaijan and Georgia reached $668.5 million, up 43.8% year-on-year.
Foreign Direct Investment in Georgia Up 19.3% in 2025
Foreign direct investment in Georgia reached $1.9 billion in 2025, up 19.3% from the previous year. The UK led as the top investor.
Repsol suspends gasoline supplies to Abkhazia
Georgian oil company Repsol has suspended the pumping of petroleum products to Abkhazia due to criticism from the public and opposition.