AGP Executive Report
Last update: 10 hours agoEBRD Outlook: The EBRD lifted Georgia’s 2026 GDP growth forecast to 6% (from 5.5%), citing services, tourism and private consumption, while warning Middle East conflict could hit tourism and raise energy import costs. New EBRD Leadership: Tomas Kairys was appointed head of the EBRD’s Caucasus office, effective Sept 1, 2026, overseeing EBRD operations across the region. Transport & Trade Finance: The World Bank approved $372m for the Trans-Caspian Transport Corridor “TC-GATE” to upgrade rail and roads, cut logistics bottlenecks and support reforms—aimed at strengthening Georgia’s Middle Corridor role. Macroeconomy: Georgia’s annual inflation eased to 5.7% in May, down from 5.9% in April, with the National Bank linking the earlier spike to global energy and fuel price moves. Local Housing: Tbilisi says 450 homeless families have received housing with use rights, after up to 1,150 families were granted homeless status. City Infrastructure: Tbilisi City Hall started rehabilitation at Sioni Cathedral, with works expected to finish by end-October. Real Estate Deal: eVoost AI signed an exclusive international commercialization agreement with Mardi Holding for Batumi projects Mardi Hills and Mardi Aquapark, targeting global sales and lead generation. Agri-Food Cooperation: Georgia’s agriculture deputy minister met Türkiye counterparts to discuss irrigation, water management and expanding Georgian agri-food exports to the Turkish market. Energy Tech: bp deployed multilateral well technology in Azerbaijan’s ACG field to boost recovery and extend production life.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.