Georgian Deputy Economy Minister, German State Secretary review economic cooperation

Mariam Kvrivishvili, the Deputy Minister of Economy of Georgia and Sven Giegold, the State Secretary of the German Federal Ministry of Economics and Climate Protection, on Wednesday discussed cooperation between the two countries in tourism, trade and investments. 

The Ministry of Economy said the Georgian side made an “extensive presentation” on the investment environment of the country, economic indicators, dynamics of recovery and development of tourism, programmes for promotion of small and medium-sized businesses and exports, Georgia’s positions in international rankings and more.

Kvrivishvili emphasised the Georgian Government “highly values partnership and close and active cooperation” with Germany over the years. 

She also said the Government’s economic policy, reforms, state business promotion programmes and “various activities” were aimed at ensuring that the country maintained an “attractive” investment environment including for German businesses.

The meeting noted the “fruitful” economic cooperation between the two countries was developing “even more every year” as evidenced by statistical indicators. The Ministry said Germany had been fourth with the number of direct foreign investments in Georgia last year, while the number of visitors from the country stood 48 percent higher in the first quarter of 2024 compared to the same period of the previous year. 

The meeting highlighted increasing dynamics in the airline market, noting the number of passengers transported by direct regular flights between Georgia and Germany was 64.2 percent higher between January-February compared to the same period of 2023. 

The Ministry said Kvrivishvili also reiterated joining the European Union was the “main goal” of the Government's foreign policy, along with the need to continue relevant reforms.

Giegold was leading a delegation of German private companies on a visit to Tbilisi.