Shota Berekashvili, chairman of the Sectoral Economy and Economic Policy Committee of the Parliament of Georgia, emphasized the need for further development of Georgia’s financial system and capital markets during a speech at a scientific conference dedicated to Economist’s Day and the 30th anniversary of the lari.
According to Berekashvili, while Georgia has a sustainable and stable financial system, additional measures are needed to strengthen its competitiveness and support strategic sectors of the economy. He highlighted the importance of energy independence and cheap energy resources, noting that countries with these advantages will gain a competitive edge in the rapidly evolving global economic landscape.
“In the formation of a new global economic model, special emphasis is placed on the introduction of innovative technologies and artificial intelligence capabilities. All this requires excess energy resources. Therefore, the development of the energy sector should be a priority in our economic policy,” Berekashvili said.
He also stressed the role of the education system in responding to the personnel needs of strategic economic sectors, whether professional, scientific, or educational, and called for investment in scientific and research centers as a key component of national economic policy.
Berekashvili outlined Georgia’s economic policy priorities, emphasizing the creation of a new economic model that leverages innovation and artificial intelligence. He noted that global economic relations are undergoing a transformation, with multipolar centers emerging in Southeast Asia, the Middle East, and Gulf countries, which create both opportunities and risks for nations like Georgia.
“The GEL allows us to implement monetary and economic policies aligned with national interests. Sensible and balanced economic policies have led to unprecedented growth, doubling the economy to exceed 100 billion GEL for the first time. By the end of 2025, GDP per capita is expected to reach $10,000, marking an important step toward a high-income status. Maintaining and strengthening this growth requires strategic identification of opportunities arising from global changes, particularly in energy, logistics, tourism, development, and high-tech industries,” Berekashvili added.
The Chairman concluded that Georgia must continue aligning its financial system, capital markets, and economic policy with global changes to ensure sustainable development and maintain a competitive position in the international arena.
