Georgian PM highlights “resilience and strong performance” of Georgia’s economy despite ongoing global challenges
Irakli Kobakhidze
Photo: Government administration
At the 51st International Conference of the Banking Association for Central and Eastern Europe, Georgian prime minister Irakli Kobakhidze on Friday highlighted the resilience and strong performance of Georgia’s economy despite ongoing global challenges.
In his address, Kobakhidze stated that Georgia has maintained stable economic development and delivered results that exceeded expectations, positioning the country as a standout example of resilience on the global stage, adding that the country recorded an average real GDP growth rate of 9.3% between 2021 and 2025.
The government head also pointed to strong international confidence in Georgia’s economic outlook, particularly evident during this year’s Eurobond issuance. He noted that global demand exceeded supply by five and a half times, underscoring investor trust in the country’s economic trajectory.
“Over the years, the International Banking Conference has established itself as the main platform for the banking sector across Central, Eastern and South-Eastern Europe, the Caucasus and Central Asia. It is an important platform for presenting both the Georgian banking sector and the broader regional financial landscape”, he said.
Kobakhidze emphasised that these discussions were particularly important for the banking sector, which played a central role in ensuring financial stability, supporting economic growth and responding effectively to periodically emerging risks and challenges.
“Despite global challenges, our economy continues to develop steadily and has strong indicators, which have exceeded expectations and thus distinguish us in the world for sustainability. In 2021-2025, Georgia showed an average growth of 9.3 percent in real gross domestic product (GDP)”, he noted.
“The strong confidence in Georgia's economic outlook was evident during this year's Eurobond issuance, where international demand exceeded supply by five and a half times. This highlights the strong confidence in Georgia's economic prospects”, the PM concluded.
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