Georgian Economy Minister: private investments are main focus of Georgian-German economic cooperation

Georgian Minister of Economy Natia Turnava has met with German Federal Deputy Minister of Economic Affairs and Energy Thomas Bareiß to speak about Georgian-German economic relations and cooperation in the field of private investments today.

Bilateral trade relations were discussed at the meeting, where it was noted that Germany is one of the largest trading partners for Georgia.

Germany was Georgia’s 8th largest trading partner in 2018: in that same year, trade turnover between the two countries amounted to $482 million.

Germany remains Georgia’s 8th largest trading partner in January-August 2019, with trade turnover at $318 million. 

Germany was Georgia’s 8th largest trading partner in 2018. Photo: Ministry of Economy.

Also, Germany is one of Georgia’s key investment partners – more than 250 German-owned companies operate in Georgia.

Georgia is an important partner country for Germany…Germans are expressing the will to develop their businesses in Georgia and I believe that more successful cooperation will develop between Georgia and Germany”, said Thomas Bareiß.

Georgia also receives significant support from the German Development Bank (KfW) and the German Society for International Cooperation (GIZ).

Number of direct flights from Georgia to German cities are increased. Photo: Ministry of Economy.

Tourism between Georgia and Germany was also discussed at the meeting. 

The parties noted that the tourist flows between the two countries are increasing, which is reflected by the increase in the number of direct flights from Tbilisi and Kutaisi airports to German cities.