The Georgian Prime Minister Irakli Kobakhidze stated that both the domestic economy and the exchange rate of the national currency, the lari, were expected to stabilize despite ongoing political instability and public protests against the government’s suspension of European Union accession talks. He further projected that the country was on track to achieve at least 9.5 percent economic growth by the end of the year.

Kobakhidze emphasized that the current rate of economic growth surpassed that of the previous year. According to data from October, the economy had expanded at an 11 percent growth rate, contributing to an average of 10 percent growth over the past 10 months. He underscored that this double-digit growth was higher than last year’s rate and predicted that this positive trend would continue.

The Prime Minister acknowledged that periods of unrest could lead to temporary fluctuations in the exchange rate of the lari. However, he reassured that the currency would stabilize, as had occurred during past fluctuations when the lari’s exchange rate would briefly change before returning to its previous value. Kobakhidze expressed confidence that both the lari and the broader economy would stabilize accordingly.

Furthermore, he highlighted the exceptional growth occurring amid a backdrop of political radicalism, particularly during the election period, which had been fraught with unrest. He suggested that economic growth could have been even greater were it not for the opposition’s attempts to instigate multiple revolutions over the past few years. The Prime Minister also suggested that these political events were supported by foreign funding but expressed confidence that the adoption of the law on transparency of foreign influence would strengthen the state's resilience.

Kobakhidze concluded by asserting that the decline of political radicalism in the coming years would contribute to further economic improvement, reinforcing the country’s growth trajectory.