“Georgia and Armenia share a long history of friendly and productive collaboration, leading to the very close neighbourly relations they enjoy today. These ties are rooted in trust and focused on developing mutually beneficial partnerships,” stated Georgia’s First Vice-Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili, during his address at the Georgia-Armenia Business Forum in Yerevan.
According to Davitashvili, Georgia considers trade and economic cooperation with Armenia as vital as their political relations.
Highlighting key aspects of Georgia-Armenia trade and economic relations, Davitashvili emphasized the crucial role of private-sector cooperation. He noted that due to successfully implemented projects and initiatives, Armenia has consistently ranked among Georgia’s top trading partners. In 2024, Armenia held the 9th position among Georgia’s main trading partners.
“The increased frequency of high-level visits between our countries has significantly contributed to the further development and strengthening of our relationships at both governmental and private sector levels,” the Minister stated.
“Currently, 600 companies with Armenian capital operate across various sectors in Georgia. Furthermore, I would like to highlight the unprecedented investment by the Bank of Georgia Group’ in Armenia last year, a significant step in strengthening financial ties. Armenia has earned the trust of Georgian investors,” Davitashvili added.
Davitashvili also outlined the Georgian government’s vision, which includes achieving high and inclusive economic growth while maintaining macroeconomic stability, improving economic structure, and increasing private sector competitiveness. He provided representatives from both countries’ economic and business sectors with information on major ongoing infrastructure projects in Georgia, key economic growth trends, current statistical data, and Georgia’s strong performance in international financial institution ratings.
“In 2024, economic growth surpassed expectations, reaching 9.4%, positioning Georgia third globally in terms of growth rate. 2025 has also started positively, with an average economic growth of 9.3% in January-March. These indicators confirm Georgia’s position in the region as a country with one of the most promising investment environments. Considering this, we have ambitious goals to become a premier global investment destination,” Davitashvili stated.
The forum saw participation from representatives of various economic agencies and businesses from both Georgia and Armenia. The Georgian delegation included Deputy Minister of Economy and Sustainable Development Genadi Arveladze, President of the Georgian Chamber of Commerce Giorgi Pertaia, and Deputy Director of Produce in Georgia Agency Irakli Gabriadze, who introduced Armenian businesses to private sector support programs and mechanisms available in Georgia.
During Davitashvili’s visit, existing trade and economic cooperation and strategies for further deepening ties were discussed at a meeting with Armenia’s Minister of Economy, Gevorg Papoyan. The heads of the economic agencies exchanged information on key economic indicators, trends, and the existing business and investment environments in both countries.
