Ministry of Economic Development of Georgia > About Ministry

The mission of the Ministry of Economy and Sustainable Development is to provide stable and high temps of economic growth with working up and implementation an effective economic policy.

The main statements of the  country’s economic policy are given in the action plan of the Government of Georgia (2004-2009) “For United and Powerful Georgia”, speeches of the president of Georgia, document on “The Main Indicators and Lines of Activity for 2006 - 2009, in the “ Poverty Reduction and Economic Growth Program” and other state programs.

The main aim of the Georgian Government economic policy is to ensure sustainable economic development based on stable macroeconomic policy and private entrepreneurship development. The government of the country is implementing consistent structural and institutional reforms with aim to provide the most favorable business environment.

Consequently, the current economic reforms are targeted at:

• Liberalization of entrepreneurship activity, creation of favorable, transparent and stable legislation for private entrepreneurship and attractive business and investment climate.
• Realization of active privatization process and support to strengthening of private sector.
• Liberalization of the sphere of licenses and permits and reform of the system of technical regulation.
• Economic deregulation and providing and protection of terms of competition on local market.
• Development of tourist, transport and communication infrastructure and support to growth of the country’s transit potential.
• Liberalization of tariffs on import and support to growth of export potential.
• Rehabilitation and economic development of the regions of Georgia and post conflict territories.

The expected results of successful implementation of the abovementioned reforms will be stable growth rates of GDP, creation of new jobs in the private sector of Georgia, attraction of investments into the national economic, growth of population prosperity and reduction of poverty. All this are one of the most important preconditions for acceleration of political and social-economic development and integration of Georgia into Euro-Atlantic structures.

The Ministry of Economy and Sustainable Development actively cooperates with international organizations and follows the principles of accountability and transparency in its activity.