Businessman Levan Karalashvili says that businesses in Georgia are acting with caution and are avoiding ambitious expansion or investment projects amid the current economic uncertainty.
Speaking on TV- program Analytics, Karalashvili noted that the focus of many companies has shifted toward preserving stability rather than pursuing growth.
“We are cautious about spending resources and making large investments in the future. We see that consumer behavior has changed, people are spending less, and we are taking a more pessimistic and conservative approach to business development,” – he said.
Karalashvili stressed that the strong economic growth figures Georgia has recently recorded are largely the result of temporary external factors, especially the war in Ukraine, which has boosted sectors such as transport, logistics, and services, as well as migration-related consumption.
“Today, specific sectors do not show elements of natural growth. We see what is happening in tourism and hospitality – challenges remain. There is still a lot of ambiguity,” – he added, pointing out that business strategies are now focused only on “small and necessary” steps, while larger initiatives are being postponed.
According to official data, Georgia’s economy grew by 6.5% in July 2025, with the average growth rate for the first seven months standing at 8%. However, the unemployment rate increased by 0.6 percentage points in the second quarter to 14.3%, which some economists interpret as a signal that the pace of real growth is slowing.
