Levan Karalashvili, CEO of the Georgian Reconstruction and Development Company, summarizes 2025, highlighting a decline in foreign direct investment and a worsening investment climate in the country. According to Karalashvili, Georgia has lost its appeal to pragmatic and Western-oriented investors, who are now less willing to commit to large-scale projects.
He also commented on Eagle Hills’ announced $6 billion project, noting that promises alone are not enough. Karalashvili emphasized that without concrete actions, such large-scale plans will remain mere statements, failing to translate into real economic impact. While individual pragmatic projects by businesses can be successful, he stressed that long-term and stable economic growth cannot be guaranteed without systemic reforms.
Karalashvili further criticized the government for underestimating regional competition. Neighboring countries, he explained, are far more active in attracting major technological giants, citing Nvidia’s planned $500 million investment in the region as an example.
Despite some successes by businesses in implementing pragmatic projects, Karalashvili warned that these achievements alone cannot secure sustainable growth. The rapid pace of regional developments could leave Georgia in a disadvantaged position unless policymakers adjust their strategies and prioritize competitiveness, investment facilitation, and systemic reforms.
