Georgia’s 7% economic growth result of prudent policies, reforms, says MP Turnava

Ruling party MP Vako Turnava on Sunday said the EBRD’s latest data — showing Georgia recorded around seven percent economic growth this year and ranked among the fastest-growing economies in Europe — reflected the outcome of years of prudent fiscal and monetary policies, deep structural reforms, and a stable, business-friendly environment created under the leadership of Prime Minister Irakli Kobakhidze.

“These reforms have strengthened investor confidence and opened new opportunities for our citizens,” Turnava said, stressing that political stability and social unity remain key preconditions for further progress.

He noted that record numbers of tourists and large-scale infrastructure projects were also fueling growth across the country.

“Political stability and unity are the main prerequisites for Georgia’s progress. Aggression and polarisation harm us all and hinder development. Preserving peace, respect, and cooperation is essential. Strong economic growth requires not only government policies but also the active participation of people and businesses,” Turnava stated.

Turnava emphasised that with continued prudent leadership, political stability, and shared responsibility, rapid growth can be transformed into long-term prosperity. He also pointed to the importance of tax compliance, criticising cases where businesses avoid taxes by requesting direct payments into personal accounts.

“In a country where registering as an individual entrepreneur with just a one percent tax rate is possible, refusing to pay even that is truly shameful,” he said, urging the financial sector to strengthen oversight of such transactions.

“Together, with prudent leadership, stability, and shared responsibility, we can turn rapid growth into sustainable prosperity and build a better future for every Georgian,” Turnava concluded.