Georgia’s residential real estate market continues to grow: in April 2026, apartment sales in Tbilisi and Batumi showed double-digit growth, and foreign buyers remain a key driver of demand, particularly on the Black Sea coast.
According to data from the Recov.ge platform, developed by Colliers Georgia, 3,603 apartment transactions were recorded in Tbilisi in April 2026, a 12.7% increase compared to the same month last year. The market’s total transaction value grew by 28.3% to reach $310 million.
Growth in the capital was recorded in both the primary and secondary markets. The number of transactions in new projects increased by 14.6% year-over-year, including a 10.7% increase in the primary market and a 20.4% increase in the secondary market for new construction. Transactions involving older apartments also rose—by 6.2%.
Prices in Tbilisi also continued to rise. In April, the weighted average price per square meter for new apartments rose by 10.2% in the suburbs, by 2.2% in the wider city center, and by 12.1% in the city center. Overall in Tbilisi, the price of primary market transactions increased by 11.2%, and in the secondary market by 11%.
At the same time, the capital’s market remains predominantly domestic. In April 2026, Georgian citizens continued to dominate among buyers in both older and new developments, while foreign buyers accounted for 10.7%.
In Batumi, the market is more dependent on foreign demand. In April 2026, 1,292 apartments were sold in the city, which is 12.3% more than a year earlier. The market’s total value grew by 27.4% to reach $85 million. For comparison, 1,165 apartments were sold in Batumi in April 2025, and 1,234 in April 2024.
The new-construction segment saw the most active growth. Sales of apartments in new projects increased by 12.3%, while transactions involving existing housing decreased by 5.4%. Growth in the primary market was 13.3%, and in the secondary market for modern projects, 11.6%.
The weighted average price per square meter in new buildings in Batumi rose by 11.3% year-over-year in April, reaching $1,351. Price growth was 15.2% in the primary market and 9.4% in the secondary market.
The main feature of Batumi remains the high share of foreign buyers. In April 2026, foreigners accounted for 47% of transactions involving both older and new apartments, as well as 90% of the total increase in the number of transactions. This means that foreign demand was the primary driver of the market’s acceleration.
According to Galt & Taggart data for the first quarter of 2026, the share of foreigners in the Batumi apartment market was even higher: Georgian citizens purchased 37% of apartments, while foreign buyers accounted for 63% of transactions. Buyers from European countries constituted the largest group, accounting for 18% of all sales. Another 16% of transactions were made by citizens of Ukraine, Russia, and Belarus. Buyers from Israel accounted for 10%, from Turkey—4%, from Arab countries—3%, and from other countries—about 12%.
This structure indicates that Batumi remains an investment market focused on external demand, short-term rentals, and the purchase of resort real estate. In contrast, Tbilisi remains primarily a residential market: according to TBC Capital, about 80% of purchases in the capital are for residential purposes, whereas in Batumi, about 85% of purchases are for investment purposes.
In the longer term, the Georgian market continues to normalize following the surge in 2022, when demand rose sharply due to migration flows. According to TBC Capital, in 2024–2025, demand growth slowed to 5.6–6.0% per year, and in 2026, the company forecasts residential real estate market growth of approximately 4.5%.
In 2025, according to TBC Capital, 78,500 real estate transactions were registered in Georgia, which is 6% more than the previous year. Of these, 49,200 transactions were in the secondary market, and another 29,300 were in the primary market. The average housing price in Tbilisi reached $1,312 per square meter, increasing by 4.1% over the year, while in Batumi it reached $1,395 per square meter, which is 16.5% higher than the previous year’s level.
Georgia remains attractive to foreign buyers due to its relatively low entry barrier, growing tourist traffic, straightforward transaction processes, and high rental yields compared to many European markets. However, rapid growth in supply, particularly in Batumi, and a gradual decline in rental yields may limit further price growth.
Effective March 1, 2026, Georgia also raised the minimum real estate investment threshold for obtaining a temporary residence permit to $150,000. This may shift demand toward more expensive properties and long-term investors, but at the same time reduce interest among some buyers focused on smaller apartments.
The Unisteel LLC plant (Unisteel, Kryvyi Rih, Dnipropetrovsk Oblast), which manufactures galvanized cold-rolled flat steel and is part of the Metinvest Group, reported a net profit of UAH 32.997 million in January-March of this year, compared to a net loss of UAH 90.003 million for the same period last year.
According to the company’s interim report, which is available to the agency “Interfax-Ukraine,” revenue from ordinary activities for this period decreased by 14.6% to UAH 771.729 million.
The accumulated loss as of the end of March amounted to UAH 1.020596 billion.
In 2025, the company reported a net loss of UAH 13.251 million, while revenue from ordinary activities for this period decreased by 10.6% compared to 2024—to UAH 3.259437 billion from UAH 3.648463 billion. Sales volume of finished products in 2025 and 2024 amounted to 108,165 thousand tons and 113,321 thousand tons, respectively.
The number of employees as of the end of 2025 was 99, and as of the end of 2024, it was 144. In 2025, the payroll fund amounted to UAH 38,445,496 thousand.
The LLC ended 2024 with a loss of 363.768 million UAH, while in 2023 this figure was 255.057 million UAH.
The main products manufactured by the plant are galvanized flat-rolled products with a thickness ranging from 0.40 mm to 2.50 mm, a width ranging from 600 to 1,250 mm, and a coating weight (Zn) of 60–275 g/m². The company’s products are supplied to both the Ukrainian and European markets. Poland and Romania are the main export markets for the company’s products.
The Unistil plant for the production of cold-rolled galvanized flat steel with a capacity of over 100,000 tons per year was built between 2007 and 2010. It is equipped with machinery from Dongbu Machinery Co., Ltd. (South Korea).
The authorized capital of Unistil LLC is UAH 6.01 million.
Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its facilities are located in Ukraine—in the Donetsk, Luhansk, Zaporizhzhia, and Dnipropetrovsk regions—as well as in European countries. The holding’s main shareholders are the SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.
Ukraine allocates $45–50 billion annually to weapons production, and funding for the Armed Forces is secured, stated Ukrainian President Volodymyr Zelenskyy.
“Ukraine is currently allocating $45–50 billion annually to weapons production. We have managed to reach what I consider to be a very high level. We have the funds to finance the Armed Forces of Ukraine. We must ensure precisely this sufficient level of funding for both production and the army, and not just for now, for these years, but for the long term,” Zelenskyy said at a press conference with NATO Secretary General Mark Rutte on Wednesday.
The head of state noted that Ukraine is working to provide “this level of funding, unprecedented in our history,” exclusively for all types of domestically produced weapons.
On April 20, Zelenskyy stated that Ukraine is investing $30 billion in the defense industry for 2026, but the defense sector is ready to produce $60 billion worth of goods.
Romania has signed a package of contracts worth EUR5.7 billion with the German defence firm Rheinmetall for the supply of combat vehicles, air defence systems, ammunition and ships, the company has announced.
Rheinmetall describes it as the largest international order in its recent history.
The package includes 298 Lynx combat vehicles, Skyranger air defence systems, medium-calibre ammunition, ammunition components, as well as four vessels – two offshore patrol vessels and two vessels for diving operations. Deliveries are set to begin in 2028 and be completed in 2030.
The deal is of not only military but also industrial significance for Romania. Rheinmetall plans to significantly expand its capacity in the country and invest several hundred million euros. Over 50% of production is to be carried out in Romania or in cooperation with local companies, and the supply chain is set to include more than 200 subcontractors.
According to Rheinmetall CEO Armin Papperger, the company, together with its Romanian partners, intends to create a “broad defence ecosystem” in the country. Mihai Iurca, the Romanian representative for the SAFE programme, noted that the contract should not only modernise Romania’s defence capabilities but also serve as a step towards reviving the national defence industry.
The new deal forms part of a broader process to strengthen Romania’s defence industry on NATO’s eastern flank. Earlier, Romania and Rheinmetall agreed to build a EUR535 million gunpowder production plant in the town of Victoria in Brașov County. Construction is set to begin in 2026, take around three years and create approximately 700 jobs.
For the region, this is one of the largest defence industry projects in recent years. Romania is strengthening its role as a military and industrial hub for NATO on the Black Sea, whilst Rheinmetall is establishing itself as one of the main suppliers of equipment, ammunition and air defence systems to Eastern European countries.
According to the Interfax-Ukraine Culture project, the biographical documentary “Kuzma: Terribly Funny,” dedicated to Andriy Kuzmenko, the leader of the band “Skryabin,” will be released in Ukrainian theaters on August 13.
As the film’s creators told the agency, the film is based on archival materials, most of which have never been published before. The project was produced by KNIFE! Films, known for the films “Yaremchuk: The Incomparable World of Beauty,” “Okean Elzy: Storm Watch,” and “EPISODES: Ukraine at the World Cup.”
“We wanted the viewer to spend this time with Kuzma himself—to see him as he really was,” said the film’s producer, Maksym Serdyuk.
The film was directed by Artem Grigoryan. The film tells the story of Andriy Kuzmenko’s life journey—from a young man from Novoyavorivsk to one of the most influential figures in Ukrainian pop culture.
According to the creators, over 400 hours of video and audio material, as well as more than 22,000 photographs, were processed during the project.
In turn, director Artem Grigoryan emphasized that the team sought to portray the musician beyond established stereotypes and reveal little-known aspects of his life.
In parallel with the Ukrainian release, the film will be screened in 20 countries worldwide. B&H Film Distribution is the film’s distributor in Ukraine. The film’s genre is biographical documentary.
As previously reported, musician, TV host, and leader of the band “Skryabin” Andriy Kuzmenko died on February 2, 2015, in a traffic accident near Kryvyi Rih. He was 46 years old. The band “Skryabin,” which he founded, became one of the symbols of Ukrainian popular music in the 1990s and 2000s, and his work and statements remain popular among Ukrainians to this day.
https://interfax.com.ua/news/culture/1173343.html
The Ukrainian Chamber of Commerce and Industry invites Ukrainian companies to participate in the practical workshop “Capacity Building Workshop on the Ethical Impact Assessment of AI”, which will take place on June 11, 2026, in Kyiv.
Artificial intelligence is becoming one of the key tools for business transformation today. AI solutions help companies optimize internal processes, analyze data faster, increase the efficiency of communications, improve customer service, automate routine tasks, and open up new opportunities for development.
At the same time, the use of artificial intelligence requires not only technical understanding, but also a responsible approach to issues of security, data protection, transparency, non-discrimination, risk management, and compliance with legal requirements.
These are the topics that the practical workshop at the Ukrainian Chamber of Commerce and Industry will be dedicated to. The event aims to demonstrate the multifaceted nature of AI — from the practical implementation of artificial intelligence-based solutions in business processes to understanding ethical standards, regulatory approaches, and how these issues are gradually being formed and implemented in Ukraine.
The purpose of the workshop is practical training for real businesses. Participants will be able to obtain specific tools for the responsible use of artificial intelligence in their activities, assess the potential risks of applying AI, and understand how to minimize these risks without losing the efficiency of business processes.
During the event, the Ethical Impact Assessment tool — an assessment of the ethical impact of AI — will be presented. It helps companies analyze the impact of AI solutions, identify possible risks, and make more balanced management decisions regarding the use of new technologies.
Representatives of business, entrepreneurs, business associations, non-governmental organizations, as well as companies that already use or are only planning to implement artificial intelligence-based solutions are invited to participate.
Among the announced speakers and participants in the discussion are representatives of the Ministry of Digital Transformation of Ukraine, as well as leading technology companies and partners that have practical experience in implementing AI solutions, including Google, Microsoft, and other representatives of the business and expert community.
Date: June 11, 2026
Time: 09:30 — 15:30
Venue: Ukrainian Chamber of Commerce and Industry, Kyiv, 10 Stritenska St.
Format: offline
Participation: by prior registration
Registration is available at the following link:
https://forms.gle/GVRYw9nTxC51LZFh6
For organizational matters, please contact:
Valeriia Zabashta
zva-zed@ucci.org.ua
+380 50 366 49 97
Valeriia Malevanets
vvm-ier@ucci.org.ua
+38 050 591 25 70
The Ukrainian Chamber of Commerce and Industry invites Ukrainian companies to join a practical discussion on how artificial intelligence can become a tool for business development, increasing efficiency, and responsible digital transformation.
