Levan Davitashvili, First Vice Prime Minister and Minister of Economy and Sustainable Development, delivered a keynote address at the opening ceremony of the Tbilisi Regional Forum for Sustainable Development (TBILISI RFSD), emphasizing Georgia’s strong economic performance and long-term development strategy.

Speaking at the event, Davitashvili highlighted Georgia’s continued economic resilience amid global uncertainty, noting that the country has successfully weathered external shocks while maintaining macroeconomic stability and high growth.

“Georgia has emerged as a global standout for economic growth. In 2024, our GDP growth reached 9.4%,” he stated. “While the IMF forecasts slower growth for the Eurozone (0.8%), the U.S. (1.8%), and China (4.0%) in 2025, Georgia’s own outlook has been revised upward—from 6% to 7.2%—following recent IMF consultations.”

Now in its 14th year, the TBILISI RFSD is focused on the theme “The Role of Peace in Sustainable Socio-Economic Development.” The forum was formally opened by Prime Minister Irakli Kobakhidze and Tbilisi Mayor Kakha Kaladze and brings together local and international government representatives, academics, and development experts. The Ministry of Economy is actively engaged in various panel discussions over the two-day event.

Davitashvili also offered a positive forecast for 2025, citing strong first-quarter performance and stable monthly growth.

“Average growth from January to April 2025 was 8.8%, with April alone at 7.5%,” he said. “While our official forecast for the year is 6%, we expect stronger results, bolstered by IMF projections and the momentum of structural reforms and capital investments.”

He outlined the government’s strategic initiatives, including efforts to enhance trade integration, diversify exports, and attract investments in innovation, R&D, and technology.

Key infrastructure projects—such as the new Tbilisi international airport, the Black Sea submarine cable, the Anaklia deep-sea port, and expanded renewable energy and tourism infrastructure—were highlighted as cornerstones of Georgia’s economic agenda.

“Flagship developments by global firms like Emaar and Eagle Hills in Tbilisi and Batumi signal growing international confidence in Georgia’s potential,” Davitashvili concluded.