Georgia, Austria agree to strengthen economic cooperation

Georgia and Austria are strengthening economic cooperation and deepening ties in the fields of trade and investment, digitization, communications and innovation, transport, energy, tourism, agriculture and the environment, the Ministry of Economy of Georgia has announced.

The decision was made at the 6th Session of the Georgia-Austria Joint Intergovernmental Commission on Economic Cooperation, held in Vienna yesterday.

The meeting was chaired by Georgian Deputy Economy Minister, Genadi Arveladze, and Florian Fischer, Director General of the Economic, Innovation and International Policy Department of the Austrian Federal Ministry for Economic and Digital Affairs. 

At the meeting, Fischer said that Austrian companies are showing interest in Georgia's energy, education, agriculture and transport fields. 

The Georgian Ministry of Economy reports that in the first eight months of 2021, Georgia increased its exports to Austria by 5%. 

• Georgian external trade up 22.3% in January-September 2021

The Georgian-Austrian Business Forum was also held as part of the intergovernmental commission meeting, in which about ten Georgian companies took part. 

Arveladze said that as of today there are more than 190 companies operating in Georgia with Austrian capital.