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\u10d2\u10d0\u10dc\u10d0\u10ee\u10da\u10d3\u10d0"},"content":{"rendered":"<p style=\"font-weight: 400\"><strong>\u10e1\u10d4\u10e5\u10e2\u10d4\u10db\u10d1\u10d4\u10e0\u10e8\u10d8, \u10e1\u10d0\u10e5\u10e1\u10e2\u10d0\u10e2\u10d8\u10e1 \u10db\u10dd\u10dc\u10d0\u10ea\u10d4\u10db\u10d4\u10d1\u10d8\u10d7, \u10d4\u10d9\u10dd\u10dc\u10dd\u10db\u10d8\u10d9\u10e3\u10e0\u10db\u10d0 \u10d6\u10e0\u10d3\u10d0\u10db 6.4% \u10e8\u10d4\u10d0\u10d3\u10d2\u10d8\u10dc\u10d0.\u00a0<\/strong>\u10e8\u10d4\u10d3\u10d4\u10d2\u10d0\u10d3, \u10db\u10d4\u10e1\u10d0\u10db\u10d4 \u10d9\u10d5\u10d0\u10e0\u10e2\u10da\u10d8\u10e1 \u10e1\u10d0\u10e8\u10e3\u10d0\u10da\u10dd \u10d6\u10e0\u10d3\u10d0 6.5%-\u10d8\u10d7 \u10d2\u10d0\u10dc\u10d8\u10e1\u10d0\u10d6\u10e6\u10d5\u10e0\u10d0, \u10ee\u10dd\u10da\u10dd \u10ea\u10ee\u10e0\u10d0 \u10d7\u10d5\u10d4\u10e8\u10d8 \u10d6\u10e0\u10d3\u10d0 7.7%-\u10d8\u10d0. \u10ec\u10da\u10d8\u10e1 \u10d3\u10d0\u10e1\u10d0\u10ec\u10e7\u10d8\u10e1\u10d8\u10e1\u10d2\u10d0\u10dc \u10d2\u10d0\u10dc\u10e1\u10ee\u10d5\u10d0\u10d5\u10d4\u10d1\u10d8\u10d7, \u10d1\u10dd\u10da\u10dd \u10de\u10d4\u10e0\u10d8\u10dd\u10d3\u10e8\u10d8 \u10d4\u10d9\u10dd\u10dc\u10dd\u10db\u10d8\u10d9\u10e3\u10e0\u10d8 \u10d0\u10e5\u10e2\u10d8\u10d5\u10dd\u10d1\u10d8\u10e1 \u10e8\u10d4\u10e4\u10d0\u10e1\u10d4\u10d1\u10d0\u00a0<u><a href=\"https:\/\/tbccapital.ge\/ge\/publications\/all-publications\/singleview\/30006862-monthly-macro-update-georgia\">\u10d2\u10e0\u10eb\u10d4\u10da\u10d5\u10d0\u10d3\u10d8\u10d0\u10dc\u10d8 \u10e2\u10d4\u10dc\u10d3\u10d4\u10dc\u10ea\u10d8\u10d8\u10e1 \u10d8\u10e0\u10d2\u10d5\u10da\u10d8\u10d5 \u10dc\u10dd\u10e0\u10db\u10d0\u10da\u10d8\u10d6\u10d4\u10d1\u10d8\u10e1<\/a><\/u>\u00a0\u10e9\u10d5\u10d4\u10dc\u10e1 \u10e1\u10d0\u10d1\u10d0\u10d6\u10dd \u10e1\u10ea\u10d4\u10dc\u10d0\u10e0\u10d7\u10d0\u10dc \u10d7\u10d0\u10dc\u10ee\u10d5\u10d4\u10d3\u10e0\u10d0\u10e8\u10d8\u10d0. \u10d7\u10d8\u10d1\u10d8\u10e1\u10d8 \u10d9\u10d0\u10de\u10d8\u10e2\u10d0\u10da\u10d8\u10e1 \u10de\u10e0\u10dd\u10d2\u10dc\u10dd\u10d6\u10d8\u10d7, 2025 \u10ec\u10d4\u10da\u10e1 \u10d4\u10d9\u10dd\u10dc\u10dd\u10db\u10d8\u10d9\u10e3\u10e0\u10d8 \u10d6\u10e0\u10d3\u10d0 7.3%-\u10e1 \u10d2\u10d0\u10e3\u10e2\u10dd\u10da\u10d3\u10d4\u10d1\u10d0.<\/p>\n<p style=\"font-weight: 400\">\u10e8\u10d8\u10d3\u10d0 \u10e4\u10d0\u10e5\u10e2\u10dd\u10e0\u10d4\u10d1\u10d8\u10e1 \u10db\u10ee\u10e0\u10d8\u10d5,\u00a0<strong>\u10e1\u10d0\u10d9\u10e0\u10d4\u10d3\u10d8\u10e2\u10dd \u10d3\u10d0\u10d1\u10d0\u10dc\u10d3\u10d4\u10d1\u10d0<\/strong>\u00a0\u10db\u10d0\u10e6\u10d0\u10da\u10d8\u10d0, \u10d7\u10e3\u10db\u10ea\u10d0 \u10d6\u10e0\u10d3\u10d8\u10e1 \u10e2\u10d4\u10db\u10de\u10d8 \u10e8\u10d4\u10d3\u10d0\u10e0\u10d4\u10d1\u10d8\u10d7 \u10d8\u10d9\u10da\u10d4\u10d1\u10e1 \u10d3\u10d0, \u10e1\u10d4\u10e5\u10e2\u10d4\u10db\u10d1\u10e0\u10d8\u10e1 \u10db\u10d3\u10d2\u10dd\u10db\u10d0\u10e0\u10d4\u10dd\u10d1\u10d8\u10d7, 13.4%-\u10e1 \u10e8\u10d4\u10d0\u10d3\u10d2\u10d4\u10dc\u10e1. \u10ec\u10da\u10d8\u10e3\u10e0\u10d8 \u10d8\u10dc\u10e4\u10da\u10d0\u10ea\u10d8\u10d8\u10e1 \u10db\u10d0\u10e2\u10d4\u10d1\u10d8\u10e1 \u10de\u10d0\u10e0\u10d0\u10da\u10d4\u10da\u10e3\u10e0\u10d0\u10d3, 8.2%-\u10db\u10d3\u10d4 \u10e8\u10d4\u10db\u10ea\u10d8\u10e0\u10d4\u10d1\u10e3\u10da\u10d8\u10d0 \u10e0\u10d4\u10d0\u10da\u10e3\u10e0\u10d8 \u10d3\u10d0\u10d9\u10e0\u10d4\u10d3\u10d8\u10e2\u10d4\u10d1\u10d8\u10e1 \u10d6\u10e0\u10d3\u10d8\u10e1 \u10e2\u10d4\u10db\u10de\u10d8\u10ea. \u10d0\u10db\u10d0\u10d5\u10d3\u10e0\u10dd\u10e3\u10da\u10d0\u10d3,\u00a0<strong>\u10dc\u10d0\u10d4\u10e0\u10d7\u10d8 \u10d1\u10d8\u10e3\u10ef\u10d4\u10e2\u10d8\u10e1 \u10e1\u10d4\u10d6\u10dd\u10dc\u10e3\u10e0\u10d0\u10d3 \u10e8\u10d4\u10e1\u10ec\u10dd\u10e0\u10d4\u10d1\u10e3\u10da\u10d8 \u10d9\u10e3\u10db\u10e3\u10da\u10d0\u10e2\u10d8\u10e3\u10e0\u10d8 \u10d3\u10d4\u10e4\u10d8\u10ea\u10d8\u10e2\u10d8\u00a0<\/strong>\u10e1\u10d4\u10e5\u10e2\u10d4\u10db\u10d1\u10e0\u10d8\u10e1 \u10db\u10d3\u10d2\u10dd\u10db\u10d0\u10e0\u10d4\u10dd\u10d1\u10d8\u10d7 \u10db\u10e8\u10de-\u10d8\u10e1 0.5% \u10d8\u10e7\u10dd, \u10e0\u10d0\u10ea \u10e4\u10d8\u10e1\u10d9\u10d0\u10da\u10e3\u10e0 \u10d9\u10dd\u10dc\u10e1\u10dd\u10da\u10d8\u10d3\u10d0\u10ea\u10d8\u10d0\u10d6\u10d4 \u10db\u10d8\u10e3\u10d7\u10d8\u10d7\u10d4\u10d1\u10e1. \u10e8\u10d4\u10d3\u10d0\u10e0\u10d4\u10d1\u10d8\u10e1\u10d7\u10d5\u10d8\u10e1, 2022-2024 \u10ec\u10da\u10d4\u10d1\u10e8\u10d8 \u10d3\u10d4\u10e4\u10d8\u10ea\u10d8\u10e2\u10d8 \u10e1\u10d0\u10e8\u10e3\u10d0\u10da\u10dd\u10d3 2.3%-\u10e1 \u10e8\u10d4\u10d0\u10d3\u10d2\u10d4\u10dc\u10d3\u10d0. \u10d9\u10d5\u10da\u10d0\u10d5 \u10e8\u10d4\u10db\u10ea\u10d8\u10e0\u10d3\u10d0\u00a0<strong>\u10db\u10d7\u10d0\u10d5\u10e0\u10dd\u10d1\u10d8\u10e1 \u10d5\u10d0\u10da\u10d8<\/strong>, \u10e0\u10dd\u10db\u10d4\u10da\u10db\u10d0\u10ea \u10db\u10e8\u10de-\u10d8\u10e1 35.2%-\u10e1 \u10db\u10d8\u10d0\u10e6\u10ec\u10d8\u10d0. \u10db\u10d0\u10d7 \u10e8\u10dd\u10e0\u10d8\u10e1, \u10e1\u10d0\u10d2\u10d0\u10e0\u10d4\u10dd \u10d5\u10d0\u10da\u10d6\u10d4 \u10db\u10e8\u10de-\u10d8\u10e1 24.1% \u10db\u10dd\u10d3\u10d8\u10dd\u10d3\u10d0. \u10d0\u10db\u10d0\u10e1\u10d7\u10d0\u10dc,\u00a0<strong>\u10e3\u10d0\u10ee\u10da\u10d4\u10e1\u10d8 \u10d8\u10dc\u10d3\u10d8\u10d9\u10d0\u10e2\u10dd\u10e0\u10d4\u10d1\u10d8\u10e1<\/strong>\u00a0\u10d7\u10d0\u10dc\u10d0\u10ee\u10db\u10d0\u10d3, \u10e1\u10d4\u10e5\u10e2\u10d4\u10db\u10d1\u10d4\u10e0\u10e8\u10d8 \u10ec\u10da\u10d8\u10e3\u10e0 \u10ed\u10e0\u10d8\u10da\u10e8\u10d8 \u10db\u10ea\u10d8\u10e0\u10d4\u10d3\u10d8 \u10e8\u10d4\u10dc\u10d4\u10da\u10d4\u10d1\u10d8\u10e1 \u10e8\u10d4\u10db\u10d3\u10d4\u10d2,\u00a0\u00a0\u10ef\u10d0\u10db\u10e3\u10e0\u10d8 \u10e3\u10dc\u10d0\u10e6\u10d3\u10dd \u10d3\u10d0\u10dc\u10d0\u10ee\u10d0\u10e0\u10ef\u10d4\u10d1\u10d8 \u10dd\u10e5\u10e2\u10dd\u10db\u10d1\u10d4\u10e0\u10e8\u10d8 \u10d9\u10d5\u10da\u10d0\u10d5 \u10d2\u10d0\u10d8\u10d6\u10d0\u10e0\u10d3\u10d0, \u10ee\u10dd\u10da\u10dd \u10db\u10d8\u10d2\u10e0\u10d0\u10dc\u10e2\u10d4\u10d1\u10d8\u10e1 \u10ee\u10d0\u10e0\u10ef\u10d5\u10d0 \u10db\u10d4\u10e2\u10ec\u10d8\u10da\u10d0\u10d3 \u10e3\u10ea\u10d5\u10da\u10d4\u10da \u10d3\u10dd\u10dc\u10d4\u10d6\u10d4\u10d0.<\/p>\n<p style=\"font-weight: 400\">\u10e1\u10d0\u10d2\u10d0\u10e0\u10d4\u10dd \u10e4\u10d0\u10e5\u10e2\u10dd\u10e0\u10d4\u10d1\u10d8\u10e1 \u10d9\u10e3\u10d7\u10ee\u10d8\u10d7,\u00a0<strong>\u10e4\u10e3\u10da\u10d0\u10d3\u10d8 \u10d2\u10d6\u10d0\u10d5\u10dc\u10d8\u10da\u10d4\u10d1\u10d8\u10e1\u00a0<\/strong>\u10ec\u10da\u10d8\u10e3\u10e0\u10d8<strong>\u00a0<\/strong>\u10d6\u10e0\u10d3\u10d8\u10e1 \u10e2\u10d4\u10db\u10de\u10d8 \u10e1\u10d4\u10e5\u10e2\u10d4\u10db\u10d1\u10d4\u10e0\u10e8\u10d8 13.7%-\u10db\u10d3\u10d4 \u10d0\u10e9\u10e5\u10d0\u10e0\u10d3\u10d0. \u10d2\u10d6\u10d0\u10d5\u10dc\u10d8\u10da\u10d4\u10d1\u10d8\u10e1 \u10eb\u10d8\u10e0\u10d8\u10d7\u10d0\u10d3\u10d8 \u10ec\u10e7\u10d0\u10e0\u10dd \u10d9\u10d5\u10da\u10d0\u10d5 \u10d4\u10d5\u10e0\u10dd\u10d9\u10d0\u10d5\u10e8\u10d8\u10e0\u10d8 \u10d3\u10d0 \u10d0\u10db\u10d4\u10e0\u10d8\u10d9\u10d8\u10e1 \u10e8\u10d4\u10d4\u10e0\u10d7\u10d4\u10d1\u10e3\u10da\u10d8 \u10e8\u10e2\u10d0\u10e2\u10d4\u10d1\u10d8\u10d0, \u10e0\u10dd\u10db\u10da\u10d4\u10d1\u10d6\u10d4\u10ea \u10ef\u10d0\u10db\u10e3\u10e0\u10d8 \u10d2\u10d0\u10d3\u10db\u10dd\u10e0\u10d8\u10ea\u10ee\u10d5\u10d4\u10d1\u10d8\u10e1 66% \u10db\u10dd\u10d3\u10d8\u10e1.\u00a0<strong>\u10e2\u10e3\u10e0\u10d8\u10d6\u10db\u10d8\u10d3\u10d0\u10dc \u10e8\u10d4\u10db\u10dd\u10e1\u10d0\u10d5\u10da\u10d4\u10d1\u10d8\u10e1\u00a0<\/strong>\u10d6\u10e0\u10d3\u10d0\u10db \u10db\u10d4\u10e1\u10d0\u10db\u10d4 \u10d9\u10d5\u10d0\u10e0\u10e2\u10d0\u10da\u10e8\u10d8 \u10ec\u10da\u10d8\u10e3\u10e0\u10d0\u10d3 6.6% \u10e8\u10d4\u10d0\u10d3\u10d2\u10d8\u10dc\u10d0, \u10ee\u10dd\u10da\u10dd \u10ea\u10ee\u10e0\u10d0 \u10d7\u10d5\u10d4\u10e8\u10d8 &#8211; 5.1%. \u10d0\u10e6\u10e1\u10d0\u10dc\u10d8\u10e8\u10dc\u10d0\u10d5\u10d8\u10d0, \u10e0\u10dd\u10db \u10e2\u10e3\u10e0\u10d8\u10d6\u10db\u10d8\u10e1 \u10db\u10ee\u10e0\u10d8\u10d5 \u10d2\u10d0\u10d0\u10e5\u10e2\u10d8\u10e3\u10e0\u10d3\u10d0 \u10dc\u10d0\u10d9\u10da\u10d4\u10d1\u10d0\u10d3 \u10e2\u10e0\u10d0\u10d3\u10d8\u10ea\u10d8\u10e3\u10da\u10d8 \u10d1\u10d0\u10d6\u10e0\u10d4\u10d1\u10d8, \u10e0\u10d0\u10ea, \u10e1\u10d0\u10d5\u10d0\u10e0\u10d0\u10e3\u10d3\u10dd\u10d3, \u10e2\u10e3\u10e0\u10d8\u10e1\u10e2\u10d4\u10d1\u10d8\u10e1 \u10db\u10d6\u10d0\u10e0\u10d3 \u10e0\u10d0\u10dd\u10d3\u10d4\u10dc\u10dd\u10d1\u10d0\u10e1 \u10e3\u10d9\u10d0\u10d5\u10e8\u10d8\u10e0\u10d3\u10d4\u10d1\u10d0 \u10d8\u10e1\u10d4\u10d7\u10d8 \u10e5\u10d5\u10d4\u10e7\u10dc\u10d4\u10d1\u10d8\u10d3\u10d0\u10dc \u10e0\u10dd\u10d2\u10dd\u10e0\u10d4\u10d1\u10d8\u10ea\u10d0\u10d0 \u10e9\u10d8\u10dc\u10d4\u10d7\u10d8, \u10d8\u10dc\u10d3\u10dd\u10d4\u10d7\u10d8 \u10d3\u10d0 \u10e3\u10d6\u10d1\u10d4\u10d9\u10d4\u10d7\u10d8. \u10e1\u10d0\u10de\u10d8\u10e0\u10d8\u10e1\u10de\u10d8\u10e0\u10dd\u10d3, \u10e2\u10e0\u10d0\u10d3\u10d8\u10ea\u10d8\u10e3\u10da\u10d8 \u10d1\u10d0\u10d6\u10e0\u10d4\u10d1\u10d8\u10e1 \u10e2\u10d4\u10dc\u10d3\u10d4\u10dc\u10ea\u10d8\u10d4\u10d1\u10d8 \u10d4\u10e0\u10d7\u10db\u10d0\u10dc\u10d4\u10d7\u10d8\u10e1\u10d2\u10d0\u10dc \u10d2\u10d0\u10dc\u10e1\u10ee\u10d5\u10d0\u10d5\u10d4\u10d1\u10e3\u10da\u10d8\u10d0. \u10d9\u10d4\u10e0\u10eb\u10dd\u10d3, \u10e2\u10e3\u10e0\u10d8\u10d6\u10db\u10d8\u10d3\u10d0\u10dc \u10e8\u10d4\u10db\u10dd\u10e1\u10d0\u10d5\u10da\u10d4\u10d1\u10d8 \u10d2\u10d0\u10d6\u10e0\u10d3\u10d8\u10da\u10d8\u10d0 \u10d4\u10d5\u10e0\u10dd\u10d9\u10d0\u10d5\u10e8\u10d8\u10e0\u10d8\u10d3\u10d0\u10dc, \u10d0\u10d6\u10d4\u10e0\u10d1\u10d0\u10d8\u10ef\u10d0\u10dc\u10d8\u10d3\u10d0\u10dc \u10d3\u10d0, \u10d2\u10d0\u10dc\u10e1\u10d0\u10d9\u10e3\u10d7\u10e0\u10d4\u10d1\u10d8\u10d7, \u10d8\u10e1\u10e0\u10d0\u10d4\u10da\u10d8\u10d3\u10d0\u10dc, \u10ee\u10dd\u10da\u10dd \u10d3\u10d0\u10dc\u10d0\u10e0\u10e9\u10d4\u10dc\u10d8 \u10e5\u10d5\u10d4\u10e7\u10dc\u10d4\u10d1\u10d8\u10e1 \u10e8\u10d4\u10db\u10d7\u10ee\u10d5\u10d4\u10d5\u10d0\u10e8\u10d8 \u10d3\u10d8\u10d3\u10ec\u10d8\u10da\u10d0\u10d3 \u10e3\u10ea\u10d5\u10da\u10d4\u10da\u10d8\u10d0, \u10d2\u10d0\u10e0\u10d3\u10d0 \u10e0\u10e3\u10e1\u10d4\u10d7\u10d8\u10e1\u10d0, \u10e1\u10d0\u10d8\u10d3\u10d0\u10dc\u10d0\u10ea \u10d9\u10da\u10d4\u10d1\u10d0 \u10e4\u10d8\u10e5\u10e1\u10d8\u10e0\u10d3\u10d4\u10d1\u10d0 \u10d5\u10d8\u10d6\u10d8\u10e2\u10dd\u10e0\u10d4\u10d1\u10d8\u10e1 \u10d2\u10d0\u10d6\u10e0\u10d3\u10d8\u10da\u10d8 \u10e0\u10d8\u10ea\u10ee\u10d5\u10d8\u10e1 \u10db\u10d8\u10e3\u10ee\u10d4\u10d3\u10d0\u10d5\u10d0\u10d3. \u10d2\u10d0\u10e3\u10db\u10ef\u10dd\u10d1\u10d4\u10e1\u10d4\u10d1\u10d8\u10e1 \u10e2\u10d4\u10dc\u10d3\u10d4\u10dc\u10ea\u10d8\u10d0 \u10dc\u10d0\u10e0\u10e9\u10e3\u10dc\u10d3\u10d4\u10d1\u10d0 \u10d7\u10d8\u10d1\u10d8\u10e1\u10d8\u10e1 \u10d0\u10e0\u10ee\u10d4\u10d1\u10e8\u10d8 \u10d0\u10e0\u10d0\u10e0\u10d4\u10d6\u10d8\u10d3\u10d4\u10dc\u10e2\u10d4\u10d1\u10d8\u10e1 \u10d3\u10d0\u10dc\u10d0\u10ee\u10d0\u10e0\u10ef\u10d4\u10d1\u10d8\u10e1 \u10d9\u10e3\u10d7\u10ee\u10d8\u10d7\u10d0\u10ea, \u10d7\u10e3\u10db\u10ea\u10d0 \u10dd\u10e5\u10e2\u10dd\u10db\u10d1\u10d4\u10e0\u10e8\u10d8 \u10ec\u10da\u10d8\u10e3\u10e0\u10d8 \u10d6\u10e0\u10d3\u10d8\u10e1 \u10db\u10ea\u10d8\u10e0\u10d4\u10d3\u10d8 \u10e8\u10d4\u10dc\u10d4\u10da\u10d4\u10d1\u10d0\u10ea \u10e8\u10d4\u10d8\u10dc\u10d8\u10e8\u10dc\u10d4\u10d1\u10dd\u10d3\u10d0.<\/p>\n<p style=\"font-weight: 400\">\u10e0\u10d0\u10ea \u10e8\u10d4\u10d4\u10ee\u10d4\u10d1\u10d0 \u10e1\u10d0\u10e5\u10dd\u10dc\u10da\u10d8\u10d7 \u10e1\u10d0\u10d2\u10d0\u10e0\u10d4\u10dd \u10d5\u10d0\u10ed\u10e0\u10dd\u10d1\u10d0\u10e1,\u00a0<strong>\u10d4\u10e5\u10e1\u10de\u10dd\u10e0\u10e2\u10d8<\/strong>\u00a0\u10e1\u10d4\u10e5\u10e2\u10d4\u10db\u10d1\u10d4\u10e0\u10e8\u10d8 \u10ec\u10da\u10d8\u10e3\u10e0\u10d0\u10d3 14.2%-\u10d8\u10d7 \u10d2\u10d0\u10d8\u10d6\u10d0\u10e0\u10d3\u10d0,\u00a0<strong>\u10d8\u10db\u10de\u10dd\u10e0\u10e2\u10d8<\/strong>\u00a0\u10d9\u10d8 \u10d7\u10d8\u10d7\u10e5\u10db\u10d8\u10e1 \u10e3\u10ea\u10d5\u10da\u10d4\u10da\u10d8 \u10d8\u10e7\u10dd (-0.3%). \u10db\u10d8\u10db\u10d3\u10d8\u10dc\u10d0\u10e0\u10d4 \u10ec\u10da\u10d8\u10e1 \u10ea\u10ee\u10e0\u10d0 \u10d7\u10d5\u10d4\u10e8\u10d8 \u10d4\u10e5\u10e1\u10de\u10dd\u10e0\u10e2\u10d8 7.7%-\u10d8\u10d7 \u10d2\u10d0\u10d8\u10d6\u10d0\u10e0\u10d3\u10d0, \u10ee\u10dd\u10da\u10dd \u10d8\u10db\u10de\u10dd\u10e0\u10e2\u10d8 &#8211; 4.3%-\u10d8\u10d7. \u10d0\u10d5\u10e2\u10dd\u10db\u10dd\u10d1\u10d8\u10da\u10d4\u10d1\u10d8\u10e1 \u10e0\u10d4-\u10d4\u10e5\u10e1\u10de\u10dd\u10e0\u10e2\u10db\u10d0 \u10d4\u10e5\u10e1\u10de\u10dd\u10e0\u10e2\u10d8\u10e1 \u10ef\u10d0\u10db\u10e3\u10e0 \u10d6\u10e0\u10d3\u10d0\u10e8\u10d8 5 \u10de\u10e0\u10dd\u10ea\u10d4\u10dc\u10e2\u10e3\u10da\u10d8 \u10de\u10e3\u10dc\u10e5\u10e2\u10d8\u10e1 &#8211; \u10e1\u10ee\u10d5\u10d0\u10d2\u10d5\u10d0\u10e0\u10d0\u10d3, 65%-\u10d8\u10e1 &#8211; \u10ec\u10d5\u10da\u10d8\u10da\u10d8 \u10e8\u10d4\u10d8\u10e2\u10d0\u10dc\u10d0. \u10d0\u10db\u10d0\u10d5\u10d3\u10e0\u10dd\u10e3\u10da\u10d0\u10d3, \u10d0\u10d5\u10e2\u10dd\u10db\u10dd\u10d1\u10d8\u10da\u10d4\u10d1\u10d8\u10e1 \u10d9\u10dd\u10dc\u10e2\u10e0\u10d8\u10d1\u10e3\u10ea\u10d8\u10d0 \u10d4\u10e5\u10e1\u10de\u10dd\u10e0\u10e2\u10d8\u10e1 \u10d6\u10e0\u10d3\u10d0\u10e8\u10d8 \u10d1\u10dd\u10da\u10dd \u10e0\u10d0\u10db\u10d3\u10d4\u10dc\u10d8\u10db\u10d4 \u10d7\u10d5\u10d8\u10e1 \u10d2\u10d0\u10dc\u10db\u10d0\u10d5\u10da\u10dd\u10d1\u10d0\u10e8\u10d8 \u10e3\u10d0\u10e0\u10e7\u10dd\u10e4\u10d8\u10d7\u10d8\u10d0, \u10e0\u10d8\u10e1 \u10e1\u10d0\u10de\u10d8\u10e0\u10ec\u10dd\u10dc\u10d4\u10d3\u10d0\u10ea \u10d2\u10d0\u10d6\u10e0\u10d3\u10d8\u10da\u10d8\u10d0 \u10d0\u10d3\u10d2\u10d8\u10da\u10dd\u10d1\u10e0\u10d8\u10d5\u10d8 \u10d4\u10e5\u10e1\u10de\u10dd\u10e0\u10e2\u10d8\u10e1 \u10d8\u10e1\u10d4\u10d7\u10d8 \u10d9\u10d0\u10e2\u10d4\u10d2\u10dd\u10e0\u10d8\u10d4\u10d1\u10d8, \u10e0\u10dd\u10d2\u10dd\u10e0\u10d4\u10d1\u10d8\u10ea\u10d0\u10d0 \u10eb\u10d5\u10d8\u10e0\u10e4\u10d0\u10e1\u10d8 \u10db\u10d4\u10e2\u10d0\u10da\u10d4\u10d1\u10d8\u10e1 \u10db\u10d0\u10d3\u10dc\u10d4\u10d1\u10d8, \u10ea\u10dd\u10ea\u10ee\u10d0\u10da\u10d8 \u10ea\u10ee\u10dd\u10d5\u10d4\u10da\u10d4\u10d1\u10d8, \u10d7\u10ee\u10d8\u10da\u10d4\u10e3\u10da\u10d8, \u10e4\u10d4\u10e0\u10dd-\u10e8\u10d4\u10dc\u10d0\u10d3\u10dc\u10dd\u10d1\u10d4\u10d1\u10d8, \u10e6\u10d5\u10d8\u10dc\u10dd \u10d3\u10d0 \u10e1\u10ee\u10d5\u10d0. \u10d8\u10db\u10de\u10dd\u10e0\u10e2\u10d8\u10e1 \u10db\u10ee\u10e0\u10d8\u10d5, \u10e1\u10ec\u10dd\u10e0\u10d4\u10d3 \u10d0\u10d5\u10e2\u10dd\u10db\u10dd\u10d1\u10d8\u10da\u10d4\u10d1\u10d8\u10e1 \u10d8\u10db\u10de\u10dd\u10e0\u10e2\u10d8\u10e1 \u10d7\u10d8\u10d7\u10e5\u10db\u10d8\u10e1 31%-\u10d8\u10d0\u10dc\u10d8 \u10e8\u10d4\u10db\u10ea\u10d8\u10e0\u10d4\u10d1\u10d0 \u10d8\u10e7\u10dd \u10e1\u10d4\u10e5\u10e2\u10d4\u10db\u10d1\u10d4\u10e0\u10e8\u10d8 \u10ef\u10d0\u10db\u10e3\u10e0\u10d8 \u10db\u10d0\u10e9\u10d5\u10d4\u10dc\u10d4\u10d1\u10da\u10d8\u10e1 \u10e8\u10d4\u10e1\u10e3\u10e1\u10e2\u10d4\u10d1\u10d8\u10e1 \u10db\u10d7\u10d0\u10d5\u10d0\u10e0\u10d8 \u10db\u10d8\u10d6\u10d4\u10d6\u10d8, \u10db\u10d0\u10e8\u10d8\u10dc, \u10e0\u10dd\u10d3\u10d4\u10e1\u10d0\u10ea \u10e1\u10ee\u10d5\u10d0 \u10d9\u10d0\u10e2\u10d4\u10d2\u10dd\u10e0\u10d8\u10d4\u10d1\u10e8\u10d8 \u10db\u10d4\u10e2\u10ec\u10d8\u10da\u10d0\u10d3 \u10d2\u10d0\u10e3\u10db\u10ef\u10dd\u10d1\u10d4\u10e1\u10d4\u10d1\u10d0 \u10d3\u10d0\u10e4\u10d8\u10e5\u10e1\u10d8\u10e0\u10d3\u10d0. \u10e3\u10e4\u10e0\u10dd \u10db\u10e1\u10ee\u10d5\u10d8\u10da\u10d8 \u10d9\u10d0\u10e2\u10d4\u10d2\u10dd\u10e0\u10d8\u10d4\u10d1\u10d8\u10e1 \u10d9\u10e3\u10d7\u10ee\u10d8\u10d7, \u10db\u10d8\u10db\u10d3\u10d8\u10dc\u10d0\u10e0\u10d4 \u10ec\u10d4\u10da\u10e1, \u10d2\u10d0\u10dc\u10e1\u10d0\u10d9\u10e3\u10d7\u10e0\u10d4\u10d1\u10d8\u10d7 \u10de\u10d8\u10e0\u10d5\u10d4\u10da \u10dc\u10d0\u10ee\u10d4\u10d5\u10d0\u10e0\u10e8\u10d8, \u10d8\u10db\u10de\u10dd\u10e0\u10e2\u10d8\u10e1 \u10e8\u10d4\u10e1\u10e3\u10e1\u10e2\u10d4\u10d1\u10d8\u10e1 \u10db\u10d7\u10d0\u10d5\u10d0\u10e0\u10d8 \u10db\u10d8\u10d6\u10d4\u10d6\u10d8 \u10e1\u10d0\u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10d8\u10ea\u10d8\u10dd \u10d8\u10db\u10de\u10dd\u10e0\u10e2\u10d8\u10e1 \u10e8\u10d4\u10db\u10ea\u10d8\u10e0\u10d4\u10d1\u10d0\u10d0, \u10e1\u10d0\u10db\u10dd\u10db\u10ee\u10db\u10d0\u10e0\u10d4\u10d1\u10da\u10dd \u10d3\u10d0 \u10e8\u10e3\u10d0\u10da\u10d4\u10d3\u10e3\u10e0\u10d8 \u10de\u10e0\u10dd\u10d3\u10e3\u10e5\u10ea\u10d8\u10d8\u10e1 \u10d8\u10db\u10de\u10dd\u10e0\u10e2\u10d8 \u10d9\u10d8, \u10db\u10d0\u10e0\u10d7\u10d0\u10da\u10d8\u10d0, \u10e8\u10d4\u10e1\u10e3\u10e1\u10e2\u10d3\u10d0, \u10d7\u10e3\u10db\u10ea\u10d0 \u10db\u10d0\u10d8\u10dc\u10ea \u10db\u10d6\u10d0\u10e0\u10d3\u10d8\u10d0. \u10e8\u10d4\u10d3\u10d4\u10d2\u10d0\u10d3, 9 \u10d7\u10d5\u10d4\u10e8\u10d8\u00a0<strong>\u10e1\u10d0\u10e5\u10dd\u10dc\u10da\u10d8\u10d7 \u10d5\u10d0\u10ed\u10e0\u10dd\u10d1\u10d8\u10e1 \u10d3\u10d4\u10e4\u10d8\u10ea\u10d8\u10e2\u10d8<\/strong>\u00a0\u10db\u10e8\u10de-\u10d8\u10e1 28.7%-\u10db\u10d3\u10d4 \u10e8\u10d4\u10db\u10ea\u10d8\u10e0\u10d3\u10d0, \u10e0\u10d0\u10ea \u10d1\u10dd\u10da\u10dd \u10d0\u10d7\u10d8 \u10ec\u10da\u10d8\u10e1 \u10d2\u10d0\u10dc\u10db\u10d0\u10d5\u10da\u10dd\u10d1\u10d0\u10e8\u10d8 \u10e7\u10d5\u10d4\u10da\u10d0\u10d6\u10d4 \u10d3\u10d0\u10d1\u10d0\u10da\u10d8 \u10db\u10d0\u10e9\u10d5\u10d4\u10dc\u10d4\u10d1\u10d4\u10da\u10d8\u10d0.<\/p>\n<p style=\"font-weight: 400\"><strong>\u10d5\u10d0\u10ed\u10e0\u10dd\u10d1\u10d8\u10e1 \u10de\u10d8\u10e0\u10dd\u10d1\u10d4\u10d1\u10d8<\/strong>\u00a0&#8211; \u10d4\u10e5\u10e1\u10de\u10dd\u10e0\u10e2\u10d8\u10e1\u10d0 \u10d3\u10d0 \u10d8\u10db\u10de\u10dd\u10e0\u10e2\u10d8\u10e1 \u10e4\u10d0\u10e1\u10d4\u10d1\u10d8\u10e1 \u10d7\u10d0\u10dc\u10d0\u10e4\u10d0\u10e0\u10d3\u10dd\u10d1\u10d0 &#8211; \u10e1\u10d4\u10e5\u10e2\u10d4\u10db\u10d1\u10d4\u10e0\u10e8\u10d8 \u10db\u10ea\u10d8\u10e0\u10d4\u10d3\u10d8\u10d7 \u10d2\u10d0\u10d8\u10d6\u10d0\u10e0\u10d3\u10d0, \u10dd\u10e5\u10e0\u10dd\u10d6\u10d4 \u10e1\u10d0\u10d4\u10e0\u10d7\u10d0\u10e8\u10dd\u10e0\u10d8\u10e1\u10dd \u10e4\u10d0\u10e1\u10d8\u10e1 \u10d6\u10e0\u10d3\u10d8\u10e1 \u10e8\u10d4\u10d3\u10d4\u10d2\u10d0\u10d3. \u10d7\u10d8\u10d1\u10d8\u10e1\u10d8 \u10d9\u10d0\u10de\u10d8\u10e2\u10d0\u10da\u10d8 \u10e3\u10d0\u10ee\u10da\u10dd\u10d4\u10e1 \u10db\u10dd\u10db\u10d0\u10d5\u10d0\u10da\u10e8\u10d8 \u10db\u10d9\u10d8\u10d7\u10ee\u10d5\u10d4\u10da\u10e1 \u10e8\u10d4\u10e1\u10d7\u10d0\u10d5\u10d0\u10d6\u10d4\u10d1\u10e1 \u10d0\u10dc\u10d0\u10da\u10d8\u10d6\u10e1 \u10dd\u10e5\u10e0\u10dd\u10e1 \u10e4\u10d0\u10e1\u10d8\u10e1 \u10d1\u10dd\u10da\u10dd\u10d3\u10e0\u10dd\u10d8\u10dc\u10d3\u10d4\u10da\u10d8 \u10d3\u10d8\u10dc\u10d0\u10db\u10d8\u10d9\u10d8\u10e1 \u10d7\u10d0\u10dd\u10d1\u10d0\u10d6\u10d4, \u10e0\u10d0\u10ea,\u00a0<u><a href=\"https:\/\/tbccapital.ge\/static\/file\/202504165835-gel-eur-usd-strategy-ge.pdf\">\u10da\u10d0\u10e0\u10d8\/\u10d3\u10dd\u10da\u10d0\u10e0\u10d8\/\u10d4\u10d5\u10e0\u10dd\u10e1 \u10e9\u10d0\u10e0\u10e9\u10dd\u10e1<\/a><\/u>\u00a0\u10e4\u10d0\u10e0\u10d2\u10da\u10d4\u10d1\u10e8\u10d8,\u00a0<u><a href=\"https:\/\/tbccapital.ge\/ge\/publications\/all-publications\/singleview\/30007132-hedged-exposure-in-multicurrency-economies-combining-macro-with-business-practices\">\u10e1\u10e2\u10e0\u10d0\u10e2\u10d4\u10d2\u10d8\u10e3\u10da\u10d8 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href=\"https:\/\/tbccapital.ge\/ge\/publications\/all-publications\/singleview\/30007178-macro-update-georgia\">\u10d2\u10e0\u10eb\u10d4\u10da\u10d5\u10d0\u10d3\u10d8\u10d0\u10dc\u10d8 \u10e2\u10d4\u10dc\u10d3\u10d4\u10dc\u10ea\u10d8\u10d0 \u10e1\u10e2\u10d0\u10d1\u10d8\u10da\u10e3\u10e0\u10dd\u10d1\u10d0\u10d6\u10d4 \u10db\u10d8\u10e3\u10d7\u10d8\u10d7\u10d4\u10d1\u10e1<\/a><\/u>. \u10db\u10d0\u10d9\u10e0\u10dd\u10d4\u10d9\u10dd\u10dc\u10dd\u10db\u10d8\u10d9\u10e3\u10e0\u10d8 \u10d2\u10d0\u10e0\u10d4\u10db\u10dd\u10e1 \u10d9\u10e3\u10d7\u10ee\u10d8\u10d7, \u10d0\u10e6\u10dc\u10d8\u10e8\u10dc\u10e3\u10da\u10d8 \u10e1\u10e2\u10d0\u10d1\u10d8\u10da\u10e3\u10e0\u10dd\u10d1\u10d0 \u10db\u10dd\u10ec\u10e7\u10d5\u10da\u10d0\u10d3\u10dd\u10d1\u10d8\u10e1 \u10e8\u10d4\u10db\u10ea\u10d8\u10e0\u10d4\u10d1\u10d8\u10e1 \u10d9\u10e3\u10d7\u10ee\u10d8\u10d7 \u10d4\u10e0\u10d7-\u10d4\u10e0\u10d7\u10d8 \u10db\u10dc\u10d8\u10e8\u10d5\u10dc\u10d4\u10da\u10dd\u10d5\u10d0\u10dc\u10d8 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\u10d8\u10e6\u10d4\u10d1\u10e1, \u10e0\u10d0\u10ea \u10dc\u10d0\u10d5\u10d7\u10dd\u10d1\u10d8\u10e1 \u10e4\u10d0\u10e1\u10d8\u10e1 \u10d6\u10e0\u10d3\u10d8\u10e1 \u10db\u10d8\u10db\u10d0\u10e0\u10d7 \u10db\u10dd\u10ec\u10e7\u10d5\u10da\u10d0\u10d3\u10dd\u10d1\u10d0\u10e1 \u10d3\u10d8\u10d3\u10ec\u10d8\u10da\u10d0\u10d3 \u10d0\u10d1\u10d0\u10da\u10d0\u10dc\u10e1\u10d4\u10d1\u10e1. \u10ef\u10d0\u10db\u10e3\u10e0\u10d0\u10d3, \u10d5\u10d0\u10ed\u10e0\u10dd\u10d1\u10d8\u10e1 \u10de\u10d8\u10e0\u10dd\u10d1\u10d4\u10d1\u10d8, \u10e0\u10d0\u10e1\u10d0\u10d9\u10d5\u10d8\u10e0\u10d5\u10d4\u10da\u10d8\u10d0, \u10e1\u10d0\u10d2\u10d0\u10e0\u10d4\u10dd \u10d1\u10d0\u10da\u10d0\u10dc\u10e1\u10d8\u10e1 \u10d9\u10e3\u10d7\u10ee\u10d8\u10d7 \u10db\u10ee\u10dd\u10da\u10dd\u10d3 \u10d4\u10e0\u10d7-\u10d4\u10e0\u10d7\u10d8 \u10db\u10d0\u10e9\u10d5\u10d4\u10dc\u10d4\u10d1\u10d4\u10da\u10d8\u10d0 \u10d3\u10d0 \u10e1\u10d0\u10d5\u10d0\u10da\u10e3\u10e2\u10dd \u10e8\u10d4\u10db\u10dd\u10d3\u10d8\u10dc\u10d4\u10d1\u10d4\u10d1\u10d6\u10d4 \u10db\u10e0\u10d0\u10d5\u10d0\u10da\u10d8 \u10e1\u10ee\u10d5\u10d0\u10d3\u10d0\u10e1\u10ee\u10d5\u10d0 \u10e4\u10d0\u10e5\u10e2\u10dd\u10e0\u10d8 \u10d0\u10ee\u10d3\u10d4\u10dc\u10e1 \u10d2\u10d0\u10d5\u10da\u10d4\u10dc\u10d0\u10e1.<\/p>\n<p style=\"font-weight: 400\">\u10d4\u10e0\u10d7\u10dd\u10d1\u10da\u10d8\u10d5\u10d0\u10d3,\u00a0<strong>\u10ec\u10db\u10d8\u10dc\u10d3\u10d0 \u10e1\u10d0\u10d5\u10d0\u10da\u10e3\u10e2\u10dd \u10e8\u10d4\u10db\u10dd\u10d3\u10d8\u10dc\u10d4\u10d1\u10d4\u10d1\u10d8\u10e1<\/strong>\u00a0\u10e9\u10d5\u10d4\u10dc\u10d8 \u10e7\u10dd\u10d5\u10d4\u10da\u10d7\u10d5\u10d8\u10e3\u10e0\u10d8 \u10e1\u10d0\u10d6\u10dd\u10db\u10d8, \u10e0\u10dd\u10db\u10d4\u10da\u10d8\u10ea \u10e1\u10d0\u10e5\u10dd\u10dc\u10da\u10d8\u10d7 \u10d5\u10d0\u10ed\u10e0\u10dd\u10d1\u10d0\u10e1, \u10e2\u10e3\u10e0\u10d8\u10d6\u10db\u10d8\u10d3\u10d0\u10dc \u10e8\u10d4\u10db\u10dd\u10e1\u10d0\u10d5\u10da\u10d4\u10d1\u10e1\u10d0 \u10d3\u10d0 \u10e4\u10e3\u10da\u10d0\u10d3 \u10d2\u10d6\u10d0\u10d5\u10dc\u10d8\u10da\u10d4\u10d1\u10e1 \u10db\u10dd\u10d8\u10ea\u10d0\u10d5\u10e1, \u10e1\u10d4\u10e5\u10e2\u10d4\u10db\u10d1\u10d4\u10e0\u10e8\u10d8,\u00a0<u><a href=\"https:\/\/tbccapital.ge\/ge\/publications\/all-publications\/singleview\/30007136-monthly-macro-update-georgia\">\u10d0\u10d2\u10d5\u10d8\u10e1\u10e2\u10dd\u10e1 \u10db\u10dc\u10d8\u10e8\u10d5\u10dc\u10d4\u10da\u10dd\u10d5\u10d0\u10dc\u10d8 \u10d6\u10e0\u10d3\u10d8\u10e1 \u10e8\u10d4\u10db\u10d3\u10d2\u10dd\u10db<\/a><\/u>, \u10db\u10ea\u10d8\u10e0\u10d4\u10d3\u10d8\u10d7 \u10e8\u10d4\u10dc\u10d4\u10da\u10d3\u10d0, \u10d7\u10e3\u10db\u10ea\u10d0 \u10d9\u10d5\u10da\u10d0\u10d5 \u10eb\u10da\u10d8\u10d4\u10e0\u10d8\u10d0. \u10d0\u10db\u10d3\u10d4\u10dc\u10d0\u10d3, \u10d7\u10d8\u10d1\u10d8\u10e1\u10d8 \u10d9\u10d0\u10de\u10d8\u10e2\u10d0\u10da\u10d8\u10e1 \u10e8\u10d4\u10e4\u10d0\u10e1\u10d4\u10d1\u10d8\u10d7,\u00a0<u><a href=\"https:\/\/tbccapital.ge\/ge\/publications\/all-publications\/singleview\/30007136-monthly-macro-update-georgia\">\u10e0\u10d4\u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10d8\u10ea\u10d8\u10d8\u10e1 \u10d2\u10d0\u10e0\u10d4\u10e8\u10d4 \u10db\u10d8\u10db\u10d3\u10d8\u10dc\u10d0\u10e0\u10d4 \u10d0\u10dc\u10d2\u10d0\u10e0\u10d8\u10e8\u10d8\u10e1 \u10db\u10d4\u10dd\u10e0\u10d4 \u10d9\u10d5\u10d0\u10e0\u10e2\u10da\u10d8\u10e1 \u10de\u10e0\u10dd\u10e4\u10d8\u10ea\u10d8\u10e2\u10d8<\/a><\/u>, \u10e1\u10d0\u10d5\u10d0\u10e0\u10d0\u10e3\u10d3\u10dd\u10d3, \u10db\u10d4\u10e1\u10d0\u10db\u10d4 \u10d9\u10d5\u10d0\u10e0\u10e2\u10d0\u10da\u10e8\u10d8\u10ea \u10e8\u10d4\u10dc\u10d0\u10e0\u10e9\u10e3\u10dc\u10d3\u10d4\u10d1\u10d0.<\/p>\n<p style=\"font-weight: 400\">\u10d7\u10d8\u10d1\u10d8\u10e1\u10d8 \u10d9\u10d0\u10de\u10d8\u10e2\u10d0\u10da\u10d8\u10e1 \u10db\u10d9\u10d8\u10d7\u10ee\u10d5\u10d4\u10da\u10d8\u10e1\u10d7\u10d5\u10d8\u10e1 \u10ea\u10dc\u10dd\u10d1\u10d8\u10da\u10d8\u10d0, \u10e0\u10dd\u10db \u10ec\u10db\u10d8\u10dc\u10d3\u10d0 \u10e1\u10d0\u10d5\u10d0\u10da\u10e3\u10e2\u10dd \u10e8\u10d4\u10db\u10dd\u10d3\u10d8\u10dc\u10d4\u10d1\u10d4\u10d1\u10d8 2025 \u10ec\u10d4\u10da\u10e1\u00a0<u><a href=\"https:\/\/tbccapital.ge\/ge\/publications\/all-publications\/singleview\/30007127-macro-update-georgia\">\u10da\u10d0\u10e0\u10d8\u10e1 \u10db\u10ee\u10d0\u10e0\u10d3\u10d0\u10db\u10ed\u10d4\u10e0 \u10d4\u10e0\u10d7-\u10d4\u10e0\u10d7 \u10eb\u10d8\u10e0\u10d8\u10d7\u10d0\u10d3 \u10e4\u10d0\u10e5\u10e2\u10dd\u10e0\u10e1<\/a><\/u>\u00a0\u10ec\u10d0\u10e0\u10db\u10dd\u10d0\u10d3\u10d2\u10d4\u10dc\u10e1. \u10e1\u10ee\u10d5\u10d0 \u10e4\u10d0\u10e5\u10e2\u10dd\u10e0\u10d4\u10d1\u10d8\u10e1 \u10d9\u10e3\u10d7\u10ee\u10d8\u10d7, \u10e1\u10d4\u10e5\u10e2\u10d4\u10db\u10d1\u10d4\u10e0\u10e8\u10d8\u00a0<strong>\u10d3\u10d4\u10de\u10dd\u10d6\u10d8\u10e2\u10d4\u10d1\u10d8\u10e1 \u10da\u10d0\u10e0\u10d8\u10d6\u10d0\u10ea\u10d8\u10d0\u10e8\u10d8<\/strong>\u00a0\u00a0\u10d9\u10d5\u10da\u10d0\u10d5 \u10e8\u10d4\u10e0\u10d4\u10e3\u10da\u10d8 \u10e1\u10e3\u10e0\u10d0\u10d7\u10d8 \u10d5\u10da\u10d8\u10dc\u10d3\u10d4\u10d1\u10dd\u10d3\u10d0. \u10d9\u10d4\u10e0\u10eb\u10dd\u10d3, \u10da\u10d0\u10e0\u10d8\u10d6\u10d0\u10ea\u10d8\u10d0, \u10e0\u10dd\u10db\u10d4\u10da\u10d8\u10ea \u10ec\u10da\u10d8\u10e1 \u10d3\u10d0\u10e1\u10d0\u10ec\u10e7\u10d8\u10e1\u10d8\u10d3\u10d0\u10dc \u10d2\u10d0\u10d0\u10e5\u10e2\u10d8\u10e3\u10e0\u10d4\u10d1\u10e3\u10da\u10d8 \u10d8\u10e7\u10dd \u10d3\u10d0\u00a0<u><a href=\"https:\/\/tbccapital.ge\/ge\/publications\/all-publications\/singleview\/30007041-monthly-macro-update-georgia\">\u10da\u10d0\u10e0\u10d8\u10e1 \u10db\u10ee\u10d0\u10e0\u10d3\u10d0\u10db\u10ed\u10d4\u10e0 \u10d4\u10e0\u10d7-\u10d4\u10e0\u10d7 \u10ec\u10d0\u10db\u10e7\u10d5\u10d0\u10dc \u10e4\u10d0\u10e5\u10e2\u10dd\u10e0\u10e1 \u10ec\u10d0\u10e0\u10db\u10dd\u10d0\u10d3\u10d2\u10d4\u10dc\u10d3\u10d0<\/a><\/u>, \u10d8\u10d5\u10da\u10d8\u10e1\u10d8\u10e1 \u10e8\u10d4\u10db\u10d3\u10d4\u10d2 \u10e1\u10e2\u10d0\u10d1\u10d8\u10da\u10e3\u10e0 \u10d3\u10dd\u10dc\u10d4\u10d6\u10d4 \u10dc\u10d0\u10e0\u10e9\u10e3\u10dc\u10d3\u10d4\u10d1\u10dd\u10d3\u10d0, \u10d2\u10d0\u10e0\u10d9\u10d5\u10d4\u10e3\u10da\u10d8 \u10db\u10d4\u10e0\u10e7\u10d4\u10dd\u10d1\u10d4\u10d1\u10d8\u10d7. \u10d7\u10e3\u10db\u10ea\u10d0, \u10e3\u10d0\u10ee\u10da\u10d4\u10e1\u10d8 \u10db\u10dd\u10dc\u10d0\u10ea\u10d4\u10db\u10d4\u10d1\u10d8\u10d7, \u10dd\u10e5\u10e2\u10dd\u10db\u10d1\u10e0\u10d8\u10e1 \u10db\u10d4\u10dd\u10e0\u10d4 \u10dc\u10d0\u10ee\u10d4\u10d5\u10e0\u10d8\u10d3\u10d0\u10dc \u10e2\u10d4\u10dc\u10d3\u10d4\u10dc\u10ea\u10d8\u10d0 \u10d9\u10d5\u10da\u10d0\u10d5 \u10e8\u10d4\u10d8\u10ea\u10d5\u10d0\u10da\u10d0 \u10d3\u10d0 \u10d3\u10d4\u10de\u10dd\u10d6\u10d8\u10e2\u10d4\u10d1\u10d8\u10e1 \u10da\u10d0\u10e0\u10d8\u10d6\u10d0\u10ea\u10d8\u10d8\u10e1 \u10e2\u10d4\u10db\u10de\u10d8 \u10e8\u10d4\u10e1\u10d0\u10db\u10e9\u10dc\u10d4\u10d5\u10d0\u10d3 \u10d2\u10d0\u10d8\u10d6\u10d0\u10e0\u10d3\u10d0.<\/p>\n<p style=\"font-weight: 400\">\u10da\u10d0\u10e0\u10d8\u10d6\u10d0\u10ea\u10d8\u10d8\u10e1 \u10e8\u10d4\u10dc\u10d4\u10da\u10d4\u10d1\u10d0\u10e1\u10d7\u10d0\u10dc \u10d4\u10e0\u10d7\u10d0\u10d3, \u10e1\u10d4\u10e5\u10e2\u10d4\u10db\u10d1\u10d4\u10e0\u10e8\u10d8 \u10e8\u10d4\u10db\u10ea\u10d8\u10e0\u10d3\u10d0\u00a0<strong>\u10e1\u10d4\u10d1-\u10d8\u10e1 \u10e1\u10d0\u10d5\u10d0\u10da\u10e3\u10e2\u10dd \u10d8\u10dc\u10e2\u10d4\u10e0\u10d5\u10d4\u10dc\u10ea\u10d8\u10d4\u10d1\u10d8\u10ea<\/strong>\u00a0\u10d3\u10d0 100 \u10db\u10d8\u10da\u10d8\u10dd\u10dc\u10d8 \u10d0\u10e8\u10e8 \u10d3\u10dd\u10da\u10d0\u10e0\u10d8 \u10e8\u10d4\u10d0\u10d3\u10d2\u10d8\u10dc\u10d0,\u00a0<u><a href=\"https:\/\/tbccapital.ge\/ge\/publications\/all-publications\/singleview\/30007157-macro-update-georgia\">\u10e9\u10d5\u10d4\u10dc\u10d8 \u10db\u10dd\u10da\u10dd\u10d3\u10d8\u10dc\u10d4\u10d1\u10d8\u10e1 \u10e8\u10d4\u10e1\u10d0\u10d1\u10d0\u10db\u10d8\u10e1\u10d0\u10d3<\/a><\/u>, \u10db\u10d4\u10e2\u10ec\u10d8\u10da\u10d0\u10d3\u00a0<u><a href=\"https:\/\/tbccapital.ge\/ge\/publications\/all-publications\/singleview\/30007102-macro-update-georgia\">\u10d7\u10d5\u10d8\u10e1 \u10de\u10d8\u10e0\u10d5\u10d4\u10da\u10d8 \u10dc\u10d0\u10ee\u10d4\u10d5\u10e0\u10d8\u10e1 \u10ee\u10d0\u10e0\u10ef\u10d6\u10d4.<\/a><\/u>\u00a0\u10d0\u10db\u10d0\u10d5\u10d3\u10e0\u10dd\u10e3\u10da\u10d0\u10d3, \u10d7\u10d8\u10d1\u10d8\u10e1\u10d8 \u10d9\u10d0\u10de\u10d8\u10e2\u10d0\u10da\u10d8\u10e1 \u10e8\u10d4\u10e4\u10d0\u10e1\u10d4\u10d1\u10d8\u10d7, \u10dd\u10e5\u10e2\u10dd\u10db\u10d1\u10e0\u10d8\u10e1 \u10db\u10d4\u10dd\u10e0\u10d4 \u10dc\u10d0\u10ee\u10d4\u10d5\u10e0\u10d8\u10d3\u10d0\u10dc \u10da\u10d0\u10e0\u10d8\u10d6\u10d0\u10ea\u10d8\u10d8\u10e1 \u10d2\u10d0\u10d0\u10e5\u10e2\u10d8\u10e3\u10e0\u10d4\u10d1\u10d0 \u10d8\u10dc\u10e2\u10d4\u10e0\u10d5\u10d4\u10dc\u10ea\u10d8\u10d4\u10d1\u10d8\u10e1 \u10d9\u10d5\u10da\u10d0\u10d5 \u10d0\u10e9\u10e5\u10d0\u10e0\u10d4\u10d1\u10d0\u10e8\u10d8\u10ea \u10d0\u10d8\u10e1\u10d0\u10ee\u10d0 \u10d3\u10d0 \u10e1\u10d4\u10d1-\u10db\u10d0, \u10d3\u10d0\u10d0\u10ee\u10da\u10dd\u10d4\u10d1\u10d8\u10d7, 150 \u10db\u10d8\u10da\u10d8\u10dd\u10dc\u10d8 \u10d0\u10e8\u10e8 \u10d3\u10dd\u10da\u10d0\u10e0\u10d8 \u10e8\u10d4\u10d8\u10e1\u10e7\u10d8\u10d3\u10d0. \u10e8\u10d4\u10e1\u10d0\u10d1\u10d0\u10db\u10d8\u10e1\u10d0\u10d3, \u10db\u10d0\u10e0\u10e2\u10d8-\u10dd\u10e5\u10e2\u10dd\u10db\u10d1\u10e0\u10d8\u10e1 \u10de\u10d4\u10e0\u10d8\u10dd\u10d3\u10e8\u10d8 \u10ef\u10d0\u10db\u10e3\u10e0\u10db\u10d0 \u10e8\u10d4\u10e1\u10e7\u10d8\u10d3\u10d5\u10d4\u10d1\u10db\u10d0, \u10d3\u10d0\u10d0\u10ee\u10da\u10dd\u10d4\u10d1\u10d8\u10d7, 1.8 \u10db\u10d8\u10da\u10d8\u10d0\u10e0\u10d3 \u10d0\u10e8\u10e8 \u10d3\u10dd\u10da\u10d0\u10e0\u10e1 \u10db\u10d8\u10d0\u10e6\u10ec\u10d8\u10d0.\u00a0<strong>\u10db\u10d7\u10da\u10d8\u10d0\u10dc\u10d8 \u10e1\u10d0\u10d5\u10d0\u10da\u10e3\u10e2\u10dd \u10e0\u10d4\u10d6\u10d4\u10e0\u10d5\u10d4\u10d1\u10d8<\/strong>\u00a0\u10e1\u10d4\u10e5\u10e2\u10d4\u10db\u10d1\u10d4\u10e0\u10d8\u10e1 \u10db\u10d3\u10d2\u10dd\u10db\u10d0\u10e0\u10d4\u10dd\u10d1\u10d8\u10d7 5.4 \u10db\u10d8\u10da\u10d8\u10d0\u10e0\u10d3\u10d8 \u10d0\u10e8\u10e8 \u10d3\u10dd\u10da\u10d0\u10e0\u10d8 \u10d8\u10e7\u10dd, \u10e0\u10d0\u10ea \u10ec\u10d8\u10dc\u10d0 \u10d7\u10d5\u10d4\u10e1\u10d7\u10d0\u10dc \u10e8\u10d4\u10d3\u10d0\u10e0\u10d4\u10d1\u10d8\u10d7 224 \u10db\u10d8\u10da\u10d8\u10dd\u10dc\u10d8 \u10d0\u10e8\u10e8 \u10d3\u10dd\u10da\u10d0\u10e0\u10d8\u10d7 \u10db\u10d4\u10e2\u10d8\u10d0.<\/p>\n<p style=\"font-weight: 400\">\u10ef\u10d0\u10db\u10e3\u10e0\u10d0\u10d3, \u10d7\u10d8\u10d1\u10d8\u10e1\u10d8 \u10d9\u10d0\u10de\u10d8\u10e2\u10d0\u10da\u10d8\u10e1 \u10db\u10dd\u10d9\u10da\u10d4\u10d5\u10d0\u10d3\u10d8\u10d0\u10dc\u10d8 \u10ec\u10dd\u10dc\u10d0\u10e1\u10ec\u10dd\u10e0\u10dd\u10d1\u10d8\u10e1 \u10db\u10dd\u10d3\u10d4\u10da\u10d8\u10e1 \u10d7\u10d0\u10dc\u10d0\u10ee\u10db\u10d0\u10d3,\u00a0<strong>\u10d0\u10e8\u10e8 \u10d3\u10dd\u10da\u10d0\u10e0\u10d8\/\u10da\u10d0\u10e0\u10d8\u10e1 \u10ec\u10dd\u10dc\u10d0\u10e1\u10ec\u10dd\u10e0\u10e3\u10da\u10d8 \u10dc\u10d8\u10e8\u10dc\u10e3\u10da\u10d8<\/strong>, \u10e1\u10d4\u10e5\u10e2\u10d4\u10db\u10d1\u10e0\u10d8\u10e1 \u10db\u10d3\u10d2\u10dd\u10db\u10d0\u10e0\u10d4\u10dd\u10d1\u10d8\u10d7, 2.63-\u10e1 \u10e8\u10d4\u10d0\u10d3\u10d2\u10d4\u10dc\u10d3\u10d0, \u10e0\u10d0\u10ea \u10d0\u10db\u10df\u10d0\u10db\u10d0\u10d3 \u10da\u10d0\u10e0\u10d8\u10e1 \u10db\u10ea\u10d8\u10e0\u10d4\u10d3\u10d8\u10d7 \u10d6\u10d4\u10d3\u10db\u10d4\u10e2 \u10d2\u10d0\u10e3\u10e4\u10d0\u10e1\u10e3\u10e0\u10d4\u10d1\u10d0\u10d6\u10d4 \u10db\u10d8\u10e3\u10d7\u10d8\u10d7\u10d4\u10d1\u10e1. \u10db\u10e1\u10d2\u10d0\u10d5\u10e1\u10d8 \u10d3\u10d0\u10e1\u10d9\u10d5\u10dc\u10d8\u10e1 \u10d2\u10d0\u10d9\u10d4\u10d7\u10d4\u10d1\u10d8\u10e1 \u10e1\u10d0\u10e8\u10e3\u10d0\u10da\u10d4\u10d1\u10d0\u10e1 \u10d8\u10eb\u10da\u10d4\u10d5\u10d0 \u10e0\u10d4\u10d0\u10da\u10e3\u10e0\u10d8 \u10d4\u10e4\u10d4\u10e5\u10e2\u10e3\u10e0\u10d8 \u10d2\u10d0\u10ea\u10d5\u10da\u10d8\u10d7\u10d8 \u10d9\u10e3\u10e0\u10e1\u10d8\u10e1 \u10d2\u10e0\u10eb\u10d4\u10da\u10d5\u10d0\u10d3\u10d8\u10d0\u10dc\u10d8 \u10e2\u10d4\u10dc\u10d3\u10d4\u10dc\u10ea\u10d8\u10d8\u10e1 \u10e8\u10d4\u10e4\u10d0\u10e1\u10d4\u10d1\u10d0\u10ea. \u10d0\u10e6\u10dc\u10d8\u10e8\u10dc\u10e3\u10da\u10d8 \u10e4\u10d0\u10e5\u10e2\u10dd\u10e0\u10d4\u10d1\u10d8\u10e1\u10d0 \u10d3\u10d0 \u10e1\u10d4\u10d1-\u10d8\u10e1 \u10db\u10d8\u10db\u10d3\u10d8\u10dc\u10d0\u10e0\u10d4 \u10de\u10dd\u10da\u10d8\u10e2\u10d8\u10d9\u10d8\u10e1 \u10d2\u10d0\u10d7\u10d5\u10d0\u10da\u10d8\u10e1\u10ec\u10d8\u10dc\u10d4\u10d1\u10d8\u10d7, \u10d7\u10d8\u10d1\u10d8\u10e1\u10d8 \u10d9\u10d0\u10de\u10d8\u10e2\u10d0\u10da\u10d8\u10e1 \u10e3\u10ea\u10d5\u10da\u10d4\u10da\u10d8 \u10de\u10e0\u10dd\u10d2\u10dc\u10dd\u10d6\u10d8\u10d7, \u10da\u10d0\u10e0\u10d8 \u10ec\u10da\u10d8\u10e1 \u10d2\u10d0\u10dc\u10db\u10d0\u10d5\u10da\u10dd\u10d1\u10d0\u10e8\u10d8, \u10d3\u10d0\u10d0\u10ee\u10da\u10dd\u10d4\u10d1\u10d8\u10d7, \u10d0\u10e0\u10e1\u10d4\u10d1\u10e3\u10da\u10d8 \u10d3\u10dd\u10dc\u10d8\u10e1 \u10e4\u10d0\u10e0\u10d2\u10da\u10d4\u10d1\u10e8\u10d8 \u10e8\u10d4\u10dc\u10d0\u10e0\u10e9\u10e3\u10dc\u10d3\u10d4\u10d1\u10d0.<\/p>\n<p style=\"font-weight: 400\">\u10e1\u10ee\u10d5\u10d0 \u10db\u10d0\u10e9\u10d5\u10d4\u10dc\u10d4\u10d1\u10da\u10d4\u10d1\u10d8\u10e1 \u10db\u10ee\u10e0\u10d8\u10d5, \u10e1\u10d4\u10e5\u10e2\u10d4\u10db\u10d1\u10d4\u10e0\u10e1\u10d0 \u10d3\u10d0 \u10dd\u10e5\u10e2\u10dd\u10db\u10d1\u10d4\u10e0\u10e8\u10d8 \u10d9\u10d5\u10da\u10d0\u10d5 \u10d2\u10d0\u10d8\u10d6\u10d0\u10e0\u10d3\u10d0 \u10ec\u10da\u10d8\u10e3\u10e0\u10d8\u00a0<strong>\u10d8\u10dc\u10e4\u10da\u10d0\u10ea\u10d8\u10d0<\/strong>\u00a0\u10d3\u10d0, \u10e8\u10d4\u10e1\u10d0\u10d1\u10d0\u10db\u10d8\u10e1\u10d0\u10d3, 4.8%-\u10e1\u10d0 \u10d3\u10d0 5.2%-\u10e1 \u10db\u10d8\u10d0\u10e6\u10ec\u10d8\u10d0. \u10db\u10d8\u10db\u10d3\u10d8\u10dc\u10d0\u10e0\u10d4 \u10ec\u10d4\u10da\u10e1 \u10d8\u10dc\u10e4\u10da\u10d0\u10ea\u10d8\u10d8\u10e1 \u10d3\u10d8\u10dc\u10d0\u10db\u10d8\u10d9\u10d0\u00a0<u><a href=\"https:\/\/tbccapital.ge\/ge\/publications\/all-publications\/singleview\/30007157-macro-update-georgia\">\u10de\u10e0\u10dd\u10d2\u10dc\u10dd\u10d6\u10d4\u10d1\u10d7\u10d0\u10dc \u10db\u10ed\u10d8\u10d3\u10e0\u10dd \u10d7\u10d0\u10dc\u10ee\u10d5\u10d4\u10d3\u10e0\u10d0\u10e8\u10d8\u10d0<\/a><\/u>. \u10d0\u10db\u10d0\u10e1\u10d7\u10d0\u10dc, \u10e1\u10d4\u10d6\u10dd\u10dc\u10e3\u10e0\u10d0\u10d3 \u10e8\u10d4\u10e1\u10ec\u10dd\u10e0\u10d4\u10d1\u10e3\u10da\u10d8 \u10d3\u10d0 \u10d2\u10d0\u10ec\u10da\u10d8\u10e3\u10e0\u10d4\u10d1\u10e3\u10da\u10d8 \u10d7\u10d5\u10d8\u10e3\u10e0\u10d8 \u10d8\u10dc\u10e4\u10da\u10d0\u10ea\u10d8\u10d0, \u10e3\u10d9\u10d5\u10d4 \u10db\u10d4\u10dd\u10d7\u10ee\u10d4 \u10d7\u10d5\u10d4\u10d0, \u10db\u10d8\u10d6\u10dc\u10dd\u10d1\u10e0\u10d8\u10d5 \u10db\u10d0\u10e9\u10d5\u10d4\u10dc\u10d4\u10d1\u10d4\u10da\u10d7\u10d0\u10dc \u10d0\u10ee\u10da\u10dd\u10e1\u10d0\u10d0. \u10d0\u10e6\u10dc\u10d8\u10e8\u10dc\u10e3\u10da\u10d8\u10e1\u10d0 \u10d3\u10d0 \u10d2\u10d0\u10e1\u10e3\u10da\u10d8 \u10ec\u10da\u10d8\u10e1 \u10e1\u10d0\u10d1\u10d0\u10d6\u10dd \u10d4\u10e4\u10d4\u10e5\u10e2\u10d4\u10d1\u10d8\u10e1 \u10d2\u10d0\u10d7\u10d5\u10d0\u10da\u10d8\u10e1\u10ec\u10d8\u10dc\u10d4\u10d1\u10d8\u10d7, \u10d7\u10d8\u10d1\u10d8\u10e1\u10d8 \u10d9\u10d0\u10de\u10d8\u10e2\u10d0\u10da\u10d8\u10e1 \u10de\u10e0\u10dd\u10d2\u10dc\u10dd\u10d6\u10d8\u10d7, \u10d3\u10d0\u10e0\u10e9\u10d4\u10dc\u10d8\u10da \u10dd\u10e0 \u10d7\u10d5\u10d4\u10e8\u10d8 \u10ec\u10da\u10d8\u10e3\u10e0\u10d8 \u10d8\u10dc\u10e4\u10da\u10d0\u10ea\u10d8\u10d0 \u10e8\u10d4\u10dc\u10d4\u10da\u10d3\u10d4\u10d1\u10d0 \u10d3\u10d0 \u10ec\u10da\u10d8\u10e1 \u10d1\u10dd\u10da\u10dd\u10e1\u10d7\u10d5\u10d8\u10e1, \u10d3\u10d0\u10d0\u10ee\u10da\u10dd\u10d4\u10d1\u10d8\u10d7, 4.5%-\u10e1 \u10db\u10d8\u10d0\u10e6\u10ec\u10d4\u10d5\u10e1.<\/p>\n<p style=\"font-weight: 400\">\u10d8\u10dc\u10e4\u10da\u10d0\u10ea\u10d8\u10d0\u10d6\u10d4 \u10db\u10dd\u10e5\u10db\u10d4\u10d3\u10d8 \u10e4\u10d0\u10e5\u10e2\u10dd\u10e0\u10d4\u10d1\u10d8\u10d3\u10d0\u10dc, \u10d0\u10e6\u10e1\u10d0\u10dc\u10d8\u10e8\u10dc\u10d0\u10d5\u10d8\u10d0, \u10e0\u10dd\u10db \u10e1\u10d4\u10e5\u10e2\u10d4\u10db\u10d1\u10d4\u10e0\u10e8\u10d8 \u10d9\u10d8\u10d3\u10d4\u10d5 \u10d4\u10e0\u10d7\u10ee\u10d4\u10da \u10e8\u10d4\u10db\u10ea\u10d8\u10e0\u10d3\u10d0 \u10d8\u10dc\u10e2\u10d4\u10e0\u10dc\u10d4\u10e2\u10d8\u10e1 \u10d2\u10d0\u10d3\u10d0\u10e1\u10d0\u10ee\u10d3\u10d4\u10da\u10d8 (\u10d7\u10d5\u10d8\u10e3\u10e0\u10d0\u10d3 15.6%-\u10d8\u10d7). \u10d0\u10db\u10d0\u10d5\u10d3\u10e0\u10dd\u10e3\u10da\u10d0\u10d3, \u10dd\u10e5\u10e2\u10dd\u10db\u10d1\u10d4\u10e0\u10e8\u10d8, \u10db\u10d0\u10e0\u10e2\u10d8-\u10d0\u10de\u10e0\u10d8\u10da\u10d8\u10e1 \u10e8\u10d4\u10db\u10d3\u10d4\u10d2, \u10d9\u10d5\u10da\u10d0\u10d5 \u10d2\u10d0\u10eb\u10d5\u10d8\u10e0\u10d3\u10d0 \u10de\u10e3\u10e0\u10d8, \u10e0\u10d0\u10db\u10d0\u10ea \u10ef\u10d0\u10db\u10e3\u10e0 \u10d8\u10dc\u10e4\u10da\u10d0\u10ea\u10d8\u10d0\u10e8\u10d8 \u10d9\u10dd\u10dc\u10e2\u10e0\u10d8\u10d1\u10e3\u10ea\u10d8\u10d0 0.8 \u10de\u10e0\u10dd\u10ea\u10d4\u10dc\u10e2\u10e3\u10da \u10de\u10e3\u10dc\u10e5\u10e2\u10d0\u10db\u10d3\u10d4 \u10d2\u10d0\u10d6\u10d0\u10e0\u10d3\u10d0. 2025 \u10ec\u10d4\u10da\u10e1 \u10d8\u10dc\u10e4\u10da\u10d0\u10ea\u10d8\u10d8\u10e1 \u10d0\u10e9\u10e5\u10d0\u10e0\u10d4\u10d1\u10d0 \u10d0\u10d3\u10d2\u10d8\u10da\u10dd\u10d1\u10e0\u10d8\u10d5 \u10d3\u10d0 \u10e8\u10d4\u10e0\u10d4\u10e3\u10da \u10de\u10e0\u10dd\u10d3\u10e3\u10e5\u10e2\u10d4\u10d1\u10d6\u10d4 \u10db\u10d6\u10d0\u10e0\u10d3\u10d8 \u10e4\u10d0\u10e1\u10d4\u10d1\u10d8\u10d7\u10d0\u10d0 \u10d2\u10d0\u10dc\u10de\u10d8\u10e0\u10dd\u10d1\u10d4\u10d1\u10e3\u10da\u10d8, \u10e0\u10d0\u10e8\u10d8\u10ea, \u10d7\u10d0\u10d5\u10d8\u10e1 \u10db\u10ee\u10e0\u10d8\u10d5, \u10e1\u10d0\u10d9\u10d5\u10d4\u10d1\u10d8\u10e1 \u10e4\u10d0\u10e1\u10d4\u10d1\u10d8 \u10d2\u10d0\u10db\u10dd\u10d8\u10e0\u10e9\u10d4\u10d5\u10d0, \u10e0\u10dd\u10d2\u10dd\u10e0\u10ea \u10e8\u10d8\u10d3\u10d0 (\u10dc\u10d0\u10d9\u10da\u10d4\u10d1\u10d8 \u10db\u10dd\u10e1\u10d0\u10d5\u10d0\u10da\u10d8), \u10d0\u10e1\u10d4\u10d5\u10d4 \u10e1\u10d0\u10d2\u10d0\u10e0\u10d4\u10dd (\u10e1\u10e3\u10e0\u10e1\u10d0\u10d7\u10d8\u10e1 \u10e4\u10d0\u10e1\u10d4\u10d1\u10d8\u10e1 \u10d2\u10da\u10dd\u10d1\u10d0\u10da\u10e3\u10e0\u10d8 \u10d6\u10e0\u10d3\u10d0) \u10e4\u10d0\u10e5\u10e2\u10dd\u10e0\u10d4\u10d1\u10d8\u10e1 \u10e8\u10d4\u10d3\u10d4\u10d2\u10d0\u10d3. \u10d0\u10d2\u10e0\u10d4\u10d7\u10d5\u10d4, \u10e7\u10e3\u10e0\u10d0\u10d3\u10e1\u10d0\u10e6\u10d4\u10d1\u10d8\u10d0, \u10e0\u10dd\u10db \u10d8\u10db\u10de\u10dd\u10e0\u10e2\u10e3\u10da\u10d8 \u10de\u10e0\u10dd\u10d3\u10e3\u10e5\u10e2\u10d4\u10d1\u10d8\u10e1 \u10d3\u10d4\u10e4\u10da\u10d0\u10ea\u10d8\u10d0 \u10e1\u10d0\u10ec\u10d5\u10d0\u10d5\u10d6\u10d4 \u10e4\u10d0\u10e1\u10d4\u10d1\u10d8\u10e1 \u10d9\u10da\u10d4\u10d1\u10d8\u10e1 \u10e8\u10d4\u10d3\u10d4\u10d2\u10d8\u10d0, \u10e0\u10d8\u10e1 \u10d2\u10d0\u10e0\u10d4\u10e8\u10d4\u10ea \u10d8\u10db\u10de\u10dd\u10e0\u10e2\u10e3\u10da\u10d8 \u10d8\u10dc\u10e4\u10da\u10d0\u10ea\u10d8\u10d0 \u10db\u10ea\u10d8\u10e0\u10d4\u10d3\u10d8\u10d7, \u10db\u10d0\u10d2\u10e0\u10d0\u10db \u10db\u10d0\u10d8\u10dc\u10ea \u10d3\u10d0\u10d3\u10d4\u10d1\u10d8\u10d7\u10d8 \u10d8\u10e5\u10dc\u10d4\u10d1\u10dd\u10d3\u10d0.\u00a0<u><a href=\"https:\/\/tbccapital.ge\/ge\/publications\/all-publications\/singleview\/30007050-macro-update-georgia\">\u10e0\u10dd\u10d2\u10dd\u10e0\u10ea \u10d0\u10d3\u10e0\u10d4\u10ea \u10d0\u10e6\u10d8\u10dc\u10d8\u10e8\u10dc\u10d0<\/a><\/u>, \u10db\u10dd\u10ea\u10d4\u10db\u10e3\u10da\u10d8 \u10ec\u10e7\u10d0\u10e0\u10dd\u10d3\u10d0\u10dc \u10d8\u10dc\u10e4\u10da\u10d0\u10ea\u10d8\u10e3\u10e0\u10d8 \u10d6\u10d4\u10ec\u10dd\u10da\u10d8\u10e1 \u10d3\u10d0\u10db\u10d0\u10e2\u10d4\u10d1\u10d8\u10d7 \u10db\u10dc\u10d8\u10e8\u10d5\u10dc\u10d4\u10da\u10dd\u10d5\u10d0\u10dc\u10d8 \u10d2\u10d0\u10eb\u10da\u10d8\u10d4\u10e0\u10d4\u10d1\u10d8\u10e1 \u10e8\u10d4\u10db\u10d7\u10ee\u10d5\u10d4\u10d5\u10d0\u10e8\u10d8, \u10e0\u10d0\u10ea \u10e1\u10d0\u10d3\u10e6\u10d4\u10d8\u10e1\u10dd\u10d3 \u10e1\u10d0\u10d1\u10d0\u10d6\u10dd \u10e1\u10ea\u10d4\u10dc\u10d0\u10e0\u10d8 \u10d0\u10e0\u10d0\u10d0, \u10e9\u10d5\u10d4\u10dc\u10d8 \u10d0\u10d6\u10e0\u10d8\u10d7, \u10da\u10d0\u10e0\u10d8\u10e1 \u10d2\u10d0\u10db\u10e7\u10d0\u10e0\u10d4\u10d1\u10d8\u10e1 \u10d0\u10da\u10d1\u10d0\u10d7\u10dd\u10d1\u10d0 \u10db\u10dd\u10d8\u10db\u10d0\u10e2\u10d4\u10d1\u10e1.<\/p>\n<p style=\"font-weight: 400\">\u10d8\u10ee\u10d8\u10da\u10d4\u10d7 \u10de\u10e3\u10d1\u10da\u10d8\u10d9\u10d0\u10ea\u10d8\u10d8\u10e1 \u10e1\u10e0\u10e3\u10da\u10d8 \u10d5\u10d4\u10e0\u10e1\u10d8\u10d0 \u10e8\u10d4\u10db\u10d3\u10d4\u10d2 \u10d1\u10db\u10e3\u10da\u10d6\u10d4:\u00a0<u><a href=\"https:\/\/tbccapital.ge\/ge\/publications\/all-publications\/singleview\/30007182-monthly-macro-update-georgia\">https:\/\/tbccapital.ge\/ge\/publications\/all-publications\/singleview\/30007182-monthly-macro-update-georgia<\/a><\/u><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u10e1\u10d4\u10e5\u10e2\u10d4\u10db\u10d1\u10d4\u10e0\u10e8\u10d8, \u10e1\u10d0\u10e5\u10e1\u10e2\u10d0\u10e2\u10d8\u10e1 \u10db\u10dd\u10dc\u10d0\u10ea\u10d4\u10db\u10d4\u10d1\u10d8\u10d7, \u10d4\u10d9\u10dd\u10dc\u10dd\u10db\u10d8\u10d9\u10e3\u10e0\u10db\u10d0 \u10d6\u10e0\u10d3\u10d0\u10db 6.4% \u10e8\u10d4\u10d0\u10d3\u10d2\u10d8\u10dc\u10d0.\u00a0\u10e8\u10d4\u10d3\u10d4\u10d2\u10d0\u10d3, \u10db\u10d4\u10e1\u10d0\u10db\u10d4 \u10d9\u10d5\u10d0\u10e0\u10e2\u10da\u10d8\u10e1 \u10e1\u10d0\u10e8\u10e3\u10d0\u10da\u10dd \u10d6\u10e0\u10d3\u10d0 6.5%-\u10d8\u10d7 \u10d2\u10d0\u10dc\u10d8\u10e1\u10d0\u10d6\u10e6\u10d5\u10e0\u10d0, \u10ee\u10dd\u10da\u10dd \u10ea\u10ee\u10e0\u10d0 \u10d7\u10d5\u10d4\u10e8\u10d8 \u10d6\u10e0\u10d3\u10d0 7.7%-\u10d8\u10d0. \u10ec\u10da\u10d8\u10e1 \u10d3\u10d0\u10e1\u10d0\u10ec\u10e7\u10d8\u10e1\u10d8\u10e1\u10d2\u10d0\u10dc \u10d2\u10d0\u10dc\u10e1\u10ee\u10d5\u10d0\u10d5\u10d4\u10d1\u10d8\u10d7, \u10d1\u10dd\u10da\u10dd \u10de\u10d4\u10e0\u10d8\u10dd\u10d3\u10e8\u10d8 \u10d4\u10d9\u10dd\u10dc\u10dd\u10db\u10d8\u10d9\u10e3\u10e0\u10d8 \u10d0\u10e5\u10e2\u10d8\u10d5\u10dd\u10d1\u10d8\u10e1 \u10e8\u10d4\u10e4\u10d0\u10e1\u10d4\u10d1\u10d0\u00a0\u10d2\u10e0\u10eb\u10d4\u10da\u10d5\u10d0\u10d3\u10d8\u10d0\u10dc\u10d8 \u10e2\u10d4\u10dc\u10d3\u10d4\u10dc\u10ea\u10d8\u10d8\u10e1 \u10d8\u10e0\u10d2\u10d5\u10da\u10d8\u10d5 \u10dc\u10dd\u10e0\u10db\u10d0\u10da\u10d8\u10d6\u10d4\u10d1\u10d8\u10e1\u00a0\u10e9\u10d5\u10d4\u10dc\u10e1 \u10e1\u10d0\u10d1\u10d0\u10d6\u10dd \u10e1\u10ea\u10d4\u10dc\u10d0\u10e0\u10d7\u10d0\u10dc \u10d7\u10d0\u10dc\u10ee\u10d5\u10d4\u10d3\u10e0\u10d0\u10e8\u10d8\u10d0. \u10d7\u10d8\u10d1\u10d8\u10e1\u10d8 \u10d9\u10d0\u10de\u10d8\u10e2\u10d0\u10da\u10d8\u10e1 \u10de\u10e0\u10dd\u10d2\u10dc\u10dd\u10d6\u10d8\u10d7, 2025 \u10ec\u10d4\u10da\u10e1 \u10d4\u10d9\u10dd\u10dc\u10dd\u10db\u10d8\u10d9\u10e3\u10e0\u10d8 \u10d6\u10e0\u10d3\u10d0 7.3%-\u10e1 \u10d2\u10d0\u10e3\u10e2\u10dd\u10da\u10d3\u10d4\u10d1\u10d0. \u10e8\u10d8\u10d3\u10d0 \u10e4\u10d0\u10e5\u10e2\u10dd\u10e0\u10d4\u10d1\u10d8\u10e1 \u10db\u10ee\u10e0\u10d8\u10d5,\u00a0\u10e1\u10d0\u10d9\u10e0\u10d4\u10d3\u10d8\u10e2\u10dd \u10d3\u10d0\u10d1\u10d0\u10dc\u10d3\u10d4\u10d1\u10d0\u00a0\u10db\u10d0\u10e6\u10d0\u10da\u10d8\u10d0, \u10d7\u10e3\u10db\u10ea\u10d0 \u10d6\u10e0\u10d3\u10d8\u10e1 \u10e2\u10d4\u10db\u10de\u10d8 \u10e8\u10d4\u10d3\u10d0\u10e0\u10d4\u10d1\u10d8\u10d7 \u10d8\u10d9\u10da\u10d4\u10d1\u10e1 \u10d3\u10d0, \u10e1\u10d4\u10e5\u10e2\u10d4\u10db\u10d1\u10e0\u10d8\u10e1 \u10db\u10d3\u10d2\u10dd\u10db\u10d0\u10e0\u10d4\u10dd\u10d1\u10d8\u10d7, 13.4%-\u10e1 \u10e8\u10d4\u10d0\u10d3\u10d2\u10d4\u10dc\u10e1. 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