The First Vice Prime Minister/Minister of Economy and Sustainable Development said Georgia’s stable geopolitical environment was a fundamental factor for investors, contributing to the attraction of over USD 5 billion in foreign direct investment over the past 3 years. Such a statement Levan Davitashvili made in the interview with Reuters.

“We have an ambitious goal to reach EUR 9 billion in investment by 2028… How will we achieve this? We have demonstrated that we are a reliable partner for international companies. Moreover, macroeconomic stability plays a crucial role and serves as a strong message to global investors.

Georgia has sound fiscal policies, noting that the budget deficit was below 3%, with inflation remaining low, a result of prudent monetary policy.

We are optimistic, and this is not just our subjective assessment, that Georgia’s economy will grow very rapidly. The International Monetary Fund predicts that Georgia will grow by more than 5% in the next 5 years, which is a breakthrough from the current structure”, - said Levan Davitashvili.

According to him, without innovation and technology, the country cannot be globally competitive, so major technological and innovation centres are being created in almost every region. In the First Vice Prime Minister’s assessment, it is crucial to attract quality investments and know-how, which will increase competitiveness, and productivity, bring in new technologies, and of course, all this will positively affect Georgia’s economy.

The Reuters filming crew was hosted by the Ministry of Economy and Sustainable Development’s agency “Produce in Georgia”.