Georgian Deputy Minister of Finance Mikheil Dundua remarked on the European Bank for Reconstruction and Development (EBRD)’s revision of Georgia’s economic growth forecast to 7% by 2025.

He noted that this 1% increase is particularly noteworthy within the region, especially in light of the downward revisions for Azerbaijan, Moldova, and Ukraine, a modest 0.3% rise for Turkiye, and no change in the forecast for Armenia.

“The EBRD’s upward revision to 7% underscores Georgia’s strong economic prospects. This growth has been driven largely by the expansion of exports in the information technology sector, advances in education, and continued credit growth, all of which are set to play a vital role in the country’s future development,” said Mikheil Dundua.

According to the Deputy Minister, international organisations, including the EBRD, tend to adopt cautious projections, which suggests that Georgia’s real economic growth may ultimately surpass these estimates.

“I am confident that Georgia will achieve even stronger economic progress than currently projected by international institutions,” added Deputy Minister Dundua.