MINISTRY OF ECONOMY
AND SUSTAINABLE DEVELOPMENT
OF GEORGIA

First Vice Prime Minister, Minister of Economy and Sustainable Development participated in the opening ceremony of the Tbilisi Regional Forum for Sustainable Development (TBILISI RFSD). In his speech, Levan Davitashvili spoke about Georgia’s current economic trends, growth drivers and the importance of sustainable development, as well as the main directions and visions of economic policy.

“Georgia has successfully coped with external shocks, maintained high economic growth and macroeconomic stability. In recent years, Georgia has been globally distinguished by its high economic growth trend - in 2024, economic growth amounted to 9,4%. According to the IMF, in 2025, the Eurozone economy will grow by 0,8%, and the US economy by 1,8%. One of the sharpest slowdowns, up to 4,0%, is predicted for the Chinese economy due to tariffs. Against the backdrop of deteriorating global forecasts, the IMF recently increased its economic growth forecast for 2025 from 6% to 7,2% within the framework of consultations held in Georgia” – the First Vice Prime Minister said.

The Tbilisi Regional Forum for Sustainable Development is already being held for the 14th time, and this year its main topic was “The Role of Peace in Sustainable Socio-Economic Development.” The event was opened by the Mayor of the capital, Kakhi Kaladze, and the Prime Minister of Georgia, Irakli Kobakhidze. The Forum was attended by the heads of various agencies, international experts, and representatives of academic circles. The Ministry of Economy and Sustainable Development was actively involved in the work of several panel sessions over the two days.

Levan Davitashvili emphasized in his speech that reviewing the positive trends in the country's economy, 2025 will be held against the backdrop of high economic activity and growth, according to current forecasts, which is confirmed by the following data: in the first quarter, the average economic growth amounted to 9,3%, and in April it amounted to 7,5%. The average economic growth for January-April 2025 was determined at 8,8%. As the Minister of Economy and Sustainable Development noted, against the backdrop of strong aggregate demand at the beginning of the year, 2025 is expected to be distinguished by high economic growth.

“According to the government’s conservative estimate, economic growth in 2025 will be 6%, however, we expect the actual figure to be higher, as the IMF’s upward revision of the forecast indicates. In the coming years, high economic growth will continue to be driven by capital expenditures, as well as reforms and infrastructure projects aimed at improving access to finance, increasing investments, and utilizing export and energy potential, which will contribute to economic growth and structural improvement” – Levan Davitashvili said. At the same time, according to the First Vice Prime Minister, measures are being taken to improve trade integration and promote export activities, as well as diversify markets. Davitashvili highlighted the government’s efforts aimed at encouraging investments in new technologies, research and development, and innovation. Levan Davitashvili also emphasized the issue of improving the competitiveness of the country's economy and increasing Georgia's integration into global supply chains.

"Particular importance is attached to such large infrastructure projects as: the new Tbilisi airport, the Black Sea submarine cable, the Anaklia deep-sea port, as well as investments in renewable energy, tourism infrastructure. In development, it is worth noting such projects, multi-billion investment decisions, such as the planned projects of "Emaar Properties" and "Eagle Hills" in Tbilisi and Batumi" – the First Vice Prime Minister said.