AGP Executive Report
Last update: 7 hours agoGeorgian Post Probe: The Finance Ministry’s Investigation Service has confirmed an inquiry at Georgian Post but has not disclosed its scope. The probe follows Prime Minister Irakli Kobakhidze’s claim that the company will turn a profit this year after bringing outsourced services in-house and cutting costs. Energy Trade: Georgia plans to buy electricity from Azerbaijan directly, ending the use of intermediaries that Kobakhidze says cost the state millions annually. Growth and Investment: The World Bank raised its 2026 growth forecast for Georgia to 7%. In Tbilisi, banks issued nearly 40,000 mortgages worth GEL 4.1 billion in the first eight months of the year, with total lending value up 47% year on year. Infrastructure: The government says design is complete for an 18-kilometre rail link to Anaklia port; it also expects six power plants to begin operating by year-end. Business Links: Carlsberg agreed to acquire PepsiCo bottling operations in Georgia and Armenia, while Georgian and Azerbaijani officials discussed expanding investment and joint projects.
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