Georgian Deputy Minister of Finance Mikheil Dundua has welcomed the European Bank for Reconstruction and Development’s (EBRD) latest revision of Georgia’s economic growth forecast, which has been raised to 7% for 2025.

Dundua highlighted the significance of the 1% upward adjustment, especially in comparison to neighboring countries. The EBRD revised its projections downward for Azerbaijan, Moldova, and Ukraine, while Turkiye saw only a modest 0.3% increase and Armenia’s forecast remained unchanged.

“The EBRD’s upward revision to 7% underscores Georgia’s strong economic prospects,” said Dundua. “This growth has been driven largely by expanding exports in the IT sector, progress in education, and ongoing credit growth—all of which are key to the country’s long-term development.”

He also emphasized that international institutions like the EBRD typically make conservative estimates, suggesting that Georgia’s actual performance could exceed expectations.

“I am confident that Georgia will achieve even stronger economic progress than currently projected by international institutions,” Dundua concluded.