The Georgian Prime Minister Irakli Kobakhidze attributed the country’s economic growth of GEL 40 billion ($14.2 billion) to the Government’s “clear economic policy” and “effective management,” following Fitch Ratings’ decision to maintain Georgia’s sovereign credit rating at BB with a stable outlook.

Kobakhidze’s comments followed Fitch Ratings’ projection on Friday, which forecasted an 8.7 percent growth in the Georgian economy for this year, with a slight moderation to 5.3 percent in 2025 and 5 percent in 2026.

“There are solid grounds for continued economic growth. Naturally, maintaining a favorable rating position is crucial for further economic development,” Kobakhidze stated. He also reassured the public that the objectives outlined in the Government’s economic program, including the goal of increasing the economy by an additional GEL40 billion ($14.2 billion) over the next four years, would certainly be achieved.

In response to the recent depreciation of the national currency, the lari, the Prime Minister emphasized its stability, pointing to a “10 percent annual growth rate over the past ten months.” He expressed confidence that the economy’s “high-paced development” would continue, ensuring a “stable” exchange rate and providing businesses with “all the conditions for uninterrupted operation,” adding that this was a “responsibility” of the Government.

Regarding ongoing public protests against the Government's decision to suspend EU accession talks, Kobakhidze remarked that the opposition, particularly the United National Movement party, had made a fourth attempt to organize a protest similar to the Maidan protests in Ukraine (2013-2014), all of which had failed.

He further claimed that the opposition had attempted, for the fourth time, to undermine the country’s economy and business environment. Kobakhidze also noted that he was in “constant communication” with the business community, among whom, he said, “no one supported the Maidan attempt.”