Georgian PM: Tbilisi’s liberal tax regime, rapid growth boost investment appeal

Georgia’s prime minister on Tuesday claimed the country’s liberal economic policy, low tax rates and simple bureaucracy were driving strong growth and creating favourable conditions for foreign investors.

Speaking at a roundtable discussion titled The future of investment during the 2026 World Governments Summit, Irakli Kobakhidze said Georgia’s tax policy and streamlined administration were key contributors to economic expansion.

“We have a very liberal economic policy that supports growth,” he said. “Tax rates are very low, and our tax policy is well designed, creating good conditions for investment in Georgia. We also have simple bureaucracy, which further supports economic activity, and we can proudly say the economy is managed efficiently.”

Kobakhidze pointed to “low levels of corruption” as another factor strengthening investor confidence. 

He said international indices rank Georgia among global leaders, placing it first in the region and ahead of several EU member states in terms of low corruption.

“These factors create a strong foundation for economic growth,” he said. “Our vision is to build the right environment for foreign investors, and this approach is delivering results.”

The prime minister also highlighted Georgia’s recent economic performance, describing it as the “fastest-growing” economy in Europe over the past five years. Between 2021 and 2025, he said, average annual economic growth stood at 9.3%.

Despite what he called a difficult regional context, including the war in Ukraine, Kobakhidze said Georgia had maintained political stability and uninterrupted peace.

“The global environment is full of challenges, including in economic development,” he said. “The context for Georgia is complex, but despite this, we have managed to sustain rapid growth.”

He added that the International Monetary Fund forecasts Georgia to rank among the world’s top ten countries for economic growth, citing political stability as a key reason behind the outlook.