live Iran ties Hormuz reopening to U.S. concessions on several demands
Iran said it was nearing a final pact with Oman defining new shipping lanes between them through the Strait of Hormuz but repeated that the U.S. must ...
Georgia’s real gross domestic product (GDP) grew by 6.4% year-on-year in the third quarter of 2025, reaching GEL 27.9 billion, according to preliminary data released by the National Statistics Office (Geostat).
Geostat reported that the fastest-growing sector was information and communication, which surged by 21.1%, closely followed by education, up 20.7%. Financial and insurance activities also saw strong growth at 14.7%, while arts, entertainment, and recreation expanded by 13%. Public administration and defence, including compulsory social security, rose by 9.7%, and transportation and storage increased by 8.1%. Wholesale and retail trade, including the repair of motor vehicles and motorcycles, grew by 3.0%.
However, not all sectors saw growth during the quarter. Mining and quarrying declined by 8.7%, while agriculture, forestry, and fishing fell by 5.4%. The supply of electricity, gas, steam, and air conditioning also dipped by 3.3%.
Looking at GDP share, trade remains the largest sector at 15%, followed by manufacturing at 9.4%, real estate activities at 8.8%, and construction at 8.4%. Information and communication accounts for 7.4%, agriculture, forestry, and fishing 7.3%, public administration 6%, and education 5.4%.
Overall, the data underscores a continued shift in Georgia’s economy towards knowledge-based and service sectors, even as traditional industries such as agriculture and mining face mounting challenges.
Flights arriving at Catania airport in eastern Sicily were suspended after volcanic ash from a new eruption of Mount Etna drifted into the airspace around the airport, disrupting operations at one of Italy’s busiest aviation hubs.
A deal on a new route for vessels through the Strait of Hormuz is "very close," Iranian Foreign Minister Abbas Araghchi has said, while warning that the reopening of the waterway depends on the U.S. meeting other conditions, including paying compensation to Iran.
Iran said it was nearing a final pact with Oman defining new shipping lanes between them through the Strait of Hormuz but repeated that the U.S. must meet other conditions.
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