“Our policy is oriented toward economic growth. Since the pandemic, we’ve maintained an average economic growth of around 9.7%, which is twice the average economic growth rate of EU candidate countries. This indicator is one of the highest in the broader region and needs to be maintained. Especially at a time when international processes are quite unpredictable, while Georgia is closely connected to international economic processes,” stated First Vice Prime Minister and Minister of Economy and Sustainable Development Levan Davitashvili at an economic forum where Georgia’s investment policy and new opportunities were discussed.

As the First Vice Prime Minister noted, Georgia received more than five billion US dollars in foreign direct investment (FDI) between 2022 and 2024.

According to him, there is significant diversification both in the geography of investor countries and in the sectors where these investments were made.

“It’s important for us that these investments are of high quality, that they have a spillover effect in the long-term perspective, and that they are directed toward qualitative improvements in various sectors of the economy,” emphasized Levan Davitashvili.

According to him, the volume of foreign direct investments is approximately six per cent of the gross domestic product, which is one of the highest indicators worldwide among countries with economies similar to Georgia’s.

“We want to maintain this benchmark for several years,” noted the First Vice Prime Minister.

Levan Davitashvili also highlighted the business environment and investment policy in Georgia, as well as business attitudes toward the ongoing economic processes.

According to him, the investment environment is one of the most relevant directions for business.

“We have overcome many challenges and will probably face them in the future as well, but we will be able to overcome these challenges because the most important thing is that there is trust between government policy and decisions made by the private sector. The second factor is the decisions of international investors. They are more based on fundamental macroeconomic parameters, according to which they mainly make decisions, including ratings from credit rating companies, where, of course, political processes and their negative factors are always among the significant concerns. However, this is somewhat balanced by stable economic results. This is the main determining factor that allows us to maintain a high level of foreign direct investment,” noted Levan Davitashvili.