PM announces establishment of Georgia’s new Economic Development Corporation and Independent Investment Agency
“By our decision, a new institution will be established, called the Economic Development Corporation of Georgia,” stated Georgian Prime Minister Irakli Kobakhidze during a government session.
According to the Prime Minister, this institution will be founded on the basis of the Produce in Georgia agency, with several functions, including those of the Development Fund of Georgia, being merged.
“New instruments will be added to the Produce in Georgia programme, and existing tools will also be optimised, enhancing access to finance for the private sector. These new initiatives include initiated loans and measures to develop the capital market. Particular attention will be paid to key sectors, including energy, where companies will benefit from increased access to affordable loans. An investment agency will also be established as an independent entity within the Ministry of Economy, which will actively work to attract new foreign investment to Georgia,” Kobakhidze explained.
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PM meets Infrastructure Builders Association members
09.04.2026.21:45
Irakli Kobakhidze, Prime Minister of Georgia together with the Minister of Infrastructure Revaz Sokhadze and Head of Government Administration Levan Zhorzholiani met with representatives of companies united in the Infrastructure Builders Association, the Government Administration reported.
During the meeting, participants discussed the needs faced by businesses and the measures under consideration by the Government to support Georgian companies.
The Head of Government of Georgia noted that continuous consultation with the private sector is a priority for the Government, in order to ensure that, during the implementation of projects, both the interests of the State are safeguarded and a healthy environment for businesses is maintained.
Particular attention was paid to challenges related to the quality of project implementation. It was emphasized that adherence to appropriate standards, quality and timelines in the execution of state projects is critically important and no compromises will be made in this regard.
The parties agreed to continue communication with the private sector, which will contribute to further refining existing practices and enable the State to implement high-quality projects at fair market prices.
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