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Economic Press Monitor

November 9 - 15, 2025

Previous Issues:  Days: < 18 25 01 08 15

 

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economic & politics

    TABULA: “LERI BARNABISHVILI, IVANISHVILI’S DEPUTY FINANCE MINISTER, DISMISSED FROM OFFICE”

    November 13, 2025 - By order of Georgia’s Prime Minister, Leri Barnabishvili was discharged from the post of Deputy Finance Minister starting from November 11.

    Barnabishvili held this post from March 2024.


    NETGAZETI.GE: “RESPONSE OF “DREAM” ABOUT IMPLEMENTATION OF RECOMMENDATIONS ON VISA-FREE REGIME IS UNSATISFACTORY – AMBASSADOR”

    November 13, 2025 - In July, the European Commission sent a letter to Georgia’s government, asking to provide by the end of August the information on implementation of recommendations set out in the 7th report on the visa suspension mechanism, said EU ambassador to Georgia Pawel Herczynski.

    Based on the response, received from the Georgian authorities, a new report on the visa suspension mechanism will be published in December, which will be sent to the member states and they will make a decision, Herczynski indicated.


    REZONANSI: “WHY DO PEOPLE FALL FROM TIME TO TIME INTO NEW AND NEW FINANCIAL TRAPS AND MACHINATIONS?”

    November 12, 2025 - Under various contracts concluded with 244 citizens, Sfero Holding and Sfero Invest misappropriated about 12 million lari. The founder of Sfero Holding, Givi Tsuleiskiri, was arrested, while criminal proceedings were launched against director of Sfero Invest, Giorgi Murusidze.


    REZONANSI: “BLOW TO KALADZE? – WHAT CONTINUATION AND POLITICAL RESULTS WILL FOLLOW RESIGNATION OF IRAKLI KHMALADZE”

    November 12, 2025 - By order of Georgia’s Prime Minister of November 10, Irakli Khmaladze was discharged from post of Deputy Justice Minister. He held this office since May, while until that was vice mayor of Tbilisi for many years.


    TABULA: “IN THE CASE OF BRIDGE DESTRUCTION, ARREST OF LEVAN KUPATASHVILI WAS CHOSEN AS PREVENTIVE MEASURE”

    November 12, 2025 - Tbilisi city court applied a preventive measure in the form of arrest to Levan Kupatashvili, former deputy chairman of the Roads Department, and 4 other persons. The case concerns the bridge on Samtredia-Grigoleti highway that collapsed in 2023.


    TABULA: “IVANISHVILI’S PARLIAMENT SUPPORTED AMENDMENTS TO THE ANTI-CORRUPTION LAW”

    November 12, 2025 - Georgia’s parliament supported in third (final) hearing the amendments to the law “On Fight Against Corruption”.

    According to the amendments, former officials convicted of financial or service crimes will be obliged to file property declarations annually during 30 years after the sentence enters into force.


    TABULA: “PROSECUTOR’S OFFICE INDICTED HEAD OF “CRYSTAL GROUP” AND DONOR OF “DREAM””

    November 10, 2025 - Georgian prosecutor’s office indicted Vladimir Stepanyan, head of Crystal Group and donor of the Georgian Dream, on the facts of illegal entrepreneurial activity and legalization of illegal income. The crime envisages punishment in the form of imprisonment for up to 12 years.


    REZONANSI: ““AUTHORITIES WANT TO DESTROY THEM FINANCIALLY AND AT THAT REWARD THEM FOR PARTICIPATION IN ELECTIONS...” – PLEDGE FOR KHAZARADZE AND JAPARIDZE”

    November 10, 2025 - Tbilisi City Court set the bail of per 1 million lari to the leaders of Lelo – Strong Georgia party, Mamuka Khazaradze and Badri Japaridze. They were given 30 days to make a pledge.


macroeconomics & budget

    BATUMELEBI: “2M LARI ARE ALLOCATED TO PRESERVE BATUMI BEACH – ARTIFICIAL NUTRITION OF THE SEA”

    November 10, 2025 - Referring to recent calculations, the article reports that in order to preserve the beach along Batumi Boulevard, at least 120,000 cubic m of gravel must be brought there annually. Gravel is planned to extract from the channel of the Chorokhi River.


energy, oil & gas

    REZONANSI: “ELECTRICITY RISES IN PRICE – IT IS ROUGHLY KNOWN HOW MUCH ELECTRICITY BILLS WILL INCREASE”

    November 13, 2025 - “In the electricity sector, we reduced tariffs by 3 tetri 2 years ago”, indicated David Narmania, chairman of Georgian National Energy and Water Supply Regulating Commission. “Based on this, there is likely to be an increase of about the same amount”, he said.


companies

    BANKEBI DA FINANSEBI: ““SAKARTVELOS BANKI” ISSUED EUROBONDS OF 450,000,000 LARI WITH YIELD OF 11.5%”

    November 13, 2025 - Sakartvelos Banks (Bank of Georgia) issued Eurobonds with total nominal value of 450 million lari. The yield of lari-denominated Eurobonds makes up 11.5%.


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Exchange Rates (NBG)
  11/12/25 + / -
  USD   2.7059   0.0005
  EUR   3.1310   0.0011
  RUR   3.3353   0.0098
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