On Wednesday, Georgian Deputy Economy Minister Genadi Arveladze engaged with members of the Federation of Austrian Industries, a key organization representing the largest industrial manufacturers in Austria. The meeting centered on showcasing Georgia’s economic trends and investment opportunities.
Arveladze took the opportunity to highlight the longstanding, fruitful economic partnership between Georgia and Austria, pointing out that Austrian investments in Georgia have surpassed $430 million, spanning diverse sectors including construction, logistics, energy, food production, and tourism.
He also drew attention to Georgia’s strong economic performance, noting that the country ranks third in the World Bank’s inaugural Business Ready report. “Georgia’s low inflation rates and economic stability further underscore our country’s resilience,” Arveladze added. “Our policy-driven growth, sustained by infrastructure spending, foreign investments, and ongoing structural reforms, positions us for continued success.”
Arveladze emphasized the country’s “attractive investment environment,” citing Georgia’s liberal tax rates, green energy initiatives, low risks, and access to a vast global market of 2.3 billion people through free trade agreements.
Additionally, he highlighted the country’s strategic infrastructure projects aimed at further integrating Georgia into international transport and logistics networks. Austrian postal and banking representatives also expressed keen interest in exploring investment opportunities in Georgia.
Following the meeting, the Ministry of Economy reported that the Austrian delegation showed “great interest” in Georgia’s potential, suggesting the establishment of closer collaboration between the business communities of both nations. They proposed organizing joint business forums and exhibitions to deepen bilateral economic relations.
By Team GT
