Georgian PM: Georgia maintains strong economic growth despite regional challenges

Georgia’s economic growth stood at 7.9% in the first seven months of the year, indicating that the country has maintained the pace of economic development recorded since 2021, Prime Minister Irakli Kobakhidze said on Friday.

Kobakhidze noted that the economic situation in the region remains unfavorable, yet Georgia has managed to surpass last year’s already high growth rate.

“Overall, if we look at the data for the first seven months, our economic growth is 7.9%, which means that we are maintaining the pace of economic development the country has had since 2021. Generally, the economic situation in the region is not particularly favorable. However, even against this backdrop, we have managed to improve on last year’s high figure”, Kobakhidze said.

“One of the main reasons for this is that we have managed to completely eliminate corruption at the highest levels of government. Eliminating corruption helps maintain the pace of economic growth”, he concluded.