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Shota Berekashvili Addresses Participants of the Economic Forum

Media and Society 26 Jun 2025
Shota Berekashvili Addresses Participants of the Economic Forum

"Over the past four years, we have achieved significant economic growth. The GDP per capita stood at USD 4,500, and we expect this figure to reach USD 10,000 by the end of 2025. This is an exceptional success", - Sh. Berekashvili, Chairperson of the Sector Economy and Economic Policy Committee, stated during the Economic Forum, which focused on the country’s tourism and investment potential, strategic projects, the importance of investments, as well as opportunities and challenges.

According to Sh. Berekashvili, key strategic sectors have been identified which will play a particularly important role in driving dynamic economic growth over the next four years.

"A sound diversification has been achieved, meaning that not one but several sectors will play an equally important role in the development of our country’s economy", - Sh. Berekashvili stated.

Among the strategic sectors, the Chairperson highlighted the role of energy, logistics, and transport. He also mentioned the rapid development in the construction, tourism, and information technology sectors.

As Sh. Berekashvili noted, in the field of logistics and transport, growth of approximately 90% was recorded over the last four years.

Speaking about the transport sector, he focused on the Anaklia Port and Vaziani Airport. According to him, these projects will not only ensure the development of the sector over the next decade, but will also create employment opportunities in construction.

He also underscored the importance of preparing a qualified workforce. In this context, he highlighted challenges in both vocational and higher education, especially in terms of quality.

According to the speaker, significant steps have been taken towards the development of the energy sector, which has created unique opportunities for investors. He noted that the sector’s contribution to GDP has doubled over the past four years.

Sh. Berekashvili spoke about the great potential in the energy sector, especially highlighting the Black Sea Cable project.

"The implementation of the Black Sea Cable project is vital, as it will directly connect us to the European Union and, on the other hand, will increase the export price of energy", - Sh. Berekashvili remarked.

He drew attention to the importance of supporting the construction sector, which accounts for 18% of GDP. He emphasised the common goal of establishing a competitive, diversified economy.

"We are ready to support businesses to become as efficient and high-performing as possible, which translates into higher incomes for our citizens", - Sh. Berekashvili stated.

He also highlighted the IT sector, noting that it is one of the major contributors to exports, with productivity three to four times higher than in other sectors.

Discussing the financial sector, the Chairperson of the Committee pointed out that this direction is well-developed in the country and has the potential to compete with its European counterparts.

Sh. Berekashvili also addressed the role and importance of the education sector. According to him, the sector must be able to balance labour market demand and supply.

"Businesses need high-level managers. The expectation is that, along with the growth of the education sector, the quality will also increase, and we will achieve alignment between the products created by business and education", - the speaker noted.

Sh. Berekashvili also focused on legislative changes supporting economic development, outlining several initiatives that the Sectoral Economy and Economic Policy Committee is constantly working on.

"Our goal is to develop the economic system so that by 2028, our economy reaches GEL 130 billion, with GDP per capita at USD 13,500. This must be achieved through joint efforts—by the executive and legislative authorities, businesses, and the citizens of our country. Together, we must ensure that in four years, we live in a fundamentally different country. We are currently in a transitional period, and it is the responsibility of each of us to ensure that this transition proceeds stably and peacefully, enabling us to become a high-income country", - Sh. Berekashvili stated.

The Economic Forum was attended by representatives of the legislative and executive authorities, as well as the business sector.

The event was also addressed by the Minister of Economy and Sustainable Development, M. Kvrivishvili, and the founder of Business Insider Georgia and the Economic Forum, G. Abashishvili.