Georgia’s First Vice-Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili, highlighted the enduring partnership between Georgia and Armenia during his address at the Georgia-Armenia Business Forum held in Yerevan. He underscored the importance of strengthening economic cooperation alongside political ties.

“Georgia and Armenia share a long history of friendly and productive collaboration, leading to the very close neighbourly relations they enjoy today,” Davitashvili said, emphasizing that mutual trust forms the foundation for developing partnerships in both the public and private sectors.

Davitashvili noted that Armenia remains a key trade partner for Georgia, ranking 9th among Georgia’s main trading partners in 2024. He credited this status to successful joint projects and highlighted the increasing number of Armenian-owned businesses—around 600—operating in various sectors across Georgia. He also pointed to the Bank of Georgia Group’s major investment in Armenia last year as a milestone in strengthening financial ties.

He further outlined Georgia’s economic vision, which includes high, inclusive growth, macroeconomic stability, and enhanced private-sector competitiveness. Davitashvili reported strong economic performance, with 2024 growth exceeding expectations at 9.4%, and continued momentum into 2025 with a 9.3% growth rate in the first quarter.

“Georgia is positioning itself as one of the most promising investment environments in the region, with ambitions to become a premier global investment destination,” he said.

The forum brought together business leaders and economic officials from both countries, including Deputy Minister of Economy Genadi Arveladze, Georgian Chamber of Commerce President Giorgi Pertaia, and Produce in Georgia Deputy Director Irakli Gabriadze, who introduced Armenian partners to support programs for private enterprise.

During his visit, Davitashvili also held bilateral talks with Armenia’s Minister of Economy, Gevorg Papoyan, where both sides reviewed current economic indicators and discussed strategies to deepen cooperation and improve the investment climate in the region.