Georgian Economy Minister concludes landmark Azerbaijan visit, boosting economic ties
Mariam Kvrivishvili, the Minister of Economy and Sustainable Development of Georgia, on Friday concluded her first official visit to Azerbaijan, highlighting discussions with President Ilham Aliyev and high-ranking officials aimed at expanding bilateral cooperation across key economic sectors.
In her remarks, Kvrivishvili described the meeting with Azerbaijan’s President as “very productive”, noting that it focused on positive economic trends in Georgia and outlined upcoming strategic projects, particularly in the energy sector.
“A very productive meeting took place with the President of the Republic of Azerbaijan, during which we had the opportunity to discuss the positive economic development trends in our country. We also introduced the government’s policies for the development of various economic sectors, particularly focusing on major and significant projects planned in the energy sector”, Kvrivishvili said.
The Minister further noted that both sides expressed readiness to deepen trade and economic relations, expand cross-border connectivity, and foster peace and stability in the region.
During her visit to Baku, Kvrivishvili also met with Azerbaijan’s Ministers of Economy, Energy, and Transport.
The meetings involved detailed discussions on ongoing and upcoming joint projects aimed at enhancing economic cooperation.
“Special attention from our side was given to the importance of restoring railway-passenger connectivity with Azerbaijan, which will enhance connectivity between our countries and, of course, contribute to the development of Georgia’s tourism and economy”, Kvrivishvili concluded.
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18.08.2025.18:13
The National Bank of Georgia (NBG) has published the July survey of economic activity participants on inflation expectations and economic activity.
According to the survey, compared to June, inflation expectations for a three-year period decreased in July. Specifically, fewer participants expect price changes in the range of 6–8% or above 8%.
At the same time, the share of respondents who expect price changes within 4–6% increased. Meanwhile, one-year inflation expectations remained almost unchanged compared to June.
On the one hand, the number of respondents expecting prices to stay the same or rise within 6–8% over the next year increased. On the other hand, the share of those expecting price changes between 0–2% or above 8% decreased.
The survey also shows that expectations for price changes in respondents’ own products and services over the next year have been revised downward.