Georgian Prime Minister Irakli Kobakhidze on Sunday praised the government’s “clear economic policy” and “strong management” after Fitch Ratings affirmed the country’s BB sovereign credit rating with a stable outlook. He linked the nation’s ₾40 billion ($14.2 billion) economic growth to these factors, emphasizing that the country is well-positioned for continued growth.
Fitch Ratings forecasts Georgia’s economy will expand by 8.7% this year, with a slight slowdown to 5.3% in 2025 and 5% in 2026. Kobakhidze expressed confidence that the country’s economic momentum would persist, stressing the importance of maintaining a strong credit rating for future development.
He assured the public that the government’s economic goals, including an additional ₾40 billion growth over the next four years, would be met. The Prime Minister also addressed concerns about the Lari’s recent devaluation, noting the currency’s stability and a 10% growth rate over the past ten months.
Kobakhidze promised that the economy would continue to grow at a fast pace, with a stable exchange rate and favorable conditions for businesses.
In response to the ongoing protests against the government’s decision to delay EU accession talks, Kobakhidze rejected opposition claims, referring to the failed attempts to organize a “Maidan-style” protest. He stated that the opposition’s efforts to harm the economy had been unsuccessful, and emphasized that the business community was opposed to such disruptions.
