Georgia is a gateway between Europe and Asia, bridging regions - Minister of Economy
“Located at the crossroads of Europe and Asia, Georgia goes beyond the definition of a Black Sea state. Our country is a gateway, a partner, and a bridge between regions whose futures are becoming increasingly interconnected,” said Mariam Kvrivishvili, Georgian Minister of Economy and Sustainable Development in London, addressing the 34th Assembly of the UN International Maritime Organization (IMO).
According to Mariam Kvrivishvili, Georgia’s identity and prosperity as a maritime country have always been defined by the waters that connect continents, cultures, and economies.
“Georgia’s economic development trajectory is strong – real GDP growth averaged 9.8% in 2021–2024. This trend was maintained in 2025, with the economy growing by 7.8% in the first nine months of the year. This growth is mainly driven by the transport, logistics, and maritime sectors, which highlights the significance of connectivity and the role of a strong chain of values as being the fundamental driving force of our economic prosperity,” she said.
Kvrivishvili noted that Georgia stands before IMO as a reliable partner in shaping a sustainable maritime future based on joint cooperation and interconnectivity.
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Today a settlement agreement was signed with Inter RAO, which will have minimal, almost zero, impact on Georgia’s economy - Levan Zhorzholiani
08.01.2026.22:42
Levan Zhorzholiani, the Head of the Georgian Government Administration, on Thursday said that despite anti-Russian rhetoric in public statements, the former Government under Mikheil Saakashvili transferred strategic energy facilities to the Russian side and imposed higher tariffs on Georgian citizens by its own decision - an approach that was later rejected by the Georgian Dream Government.
In his remarks, Zhorzholiani noted that the Saakashvili administration sold all strategic energy assets, including the transfer of the Khrami hydropower plants to Inter RAO, a Russian company, further pointing out that a Government decree was issued at the time, under which the Georgian Government promised to compensate the Russian side for its investments through increased electricity tariffs.
“The Government also issued a directive promising the Russian side that the increased electricity payments would compensate for the costs they incurred, which, of course, would have burdened Georgian citizens by raising electricity tariffs. The Georgian Dream Government refused to do this. Firstly, because the Government has no authority to set such tariffs; that is the responsibility of the Georgian National Energy and Water Supply Regulatory Commission (GNERC). GNERC set a fair tariff that did not align with Russian interests, which led to arbitration proceedings”, he noted.
“Thanks to the active involvement and efforts of the Ministry of Justice, today a settlement agreement was signed with Inter RAO, which will have minimal, almost zero, impact on Georgia’s economy”, Zhorzholiani continued.
“As for political responsibility, it is clear that a government which publicly declared itself anti-Russian, but in practice acted in the most pro-Russian manner, transferred strategic energy facilities to a Russian company and attempted to impose increased tariffs on its own population - something the Georgian Dream government firmly rejected”, he concluded.