As of 1Q2026, Georgia expands business sector turnover
In the first quarter of 2026 Georgia’s business sector turnover grew up by 10.7% compared to the same period of 2025. Totally, it reached 62 billion lari ($23.3 billion).
According to the data obtained by Trend from the country’s National Statistics Office, that production value increased by 12.4% year-on-year to 23.3 billion lari ($8.8 billion).
Trade, manufacturing, transportation and logistics, construction, information and communications technologies (ICT), tourism, financial services, and agriculture are main drivers of Georgia’s business sector. Bank of Georgia, TBC Bank, Georgian Railway, Georgian State Electrosystem, large energy, real estate and logistics companies are major corporate players.
Georgia’s liberal tax regime and investment legislation made it one of the most business-friendly economies in the region. The so-called Estonian model exempts retained and reinvested corporate profits from profit tax since 2017. Meanwhile, the standard corporate profit tax applies only to distributed earnings.
Four Free Industrial Zones in Poti, Kutaisi and Tbilisi offer extensive tax incentives for export-oriented businesses. Other governmental measure that supports entrepreneurship is the Enterprise Georgia program promoting investment, exports and SME development.
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Read more550,000 entities appeared in Kazakhstan’s SME sector in H1 2026
Qazinform News Agency reports that Prime Minister Olzhas Bektenov chaired a meeting on business development with the Finance and National Economy ministries and the Atameken National Chamber of Entrepreneurs.
Particularly, business activity, sectoral and regional indicators, the current situation in entrepreneurship, preliminary results of tax reform were the main topics of the meeting. The participants also discussed measures to ensure fair regulation of business entities.
As Finance Minister Madi Takiyev reported, corporate income tax revenues to the national budget increased by 15.7% in the first half of the year. The financial sector and manufacturing demonstrated a particular growth.
According to the Finance Ministry, the number of small and medium-sized businesses increased by around 550,000 in the first half of the year. It was a result of the legalization of self-employed workers. However, self-employed individuals make only social payments and don’t pay taxes. Nevertheless, a significant reduction in artificial business fragmentation led to closure of Around 260,000 small and medium-sized enterprises with no employees.
Also, several issues concerning the business community and presented proposals on behalf of entrepreneurs were raised by Atameken Chairman Kanat Sharlapayev. Moreover, First Vice Minister of National Economy Azamat Amrin visited the meeting.
As a result of the discussion, Prime Minister Bektenov gave instructions for continued cooperation. Other aims were improvement of government-business coordination and achievement of sustainable economic growth. Amrin gave the Finance and National Economy ministries and the Atameken Chamber the task to conduct monthly comprehensive analyses of the entrepreneurial sector across different industries and regions.
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Read moreKazakhstan’s SME sector expands by 550,000 entities in H1 2026
Prime Minister Olzhas Bektenov chaired a meeting on business development with the Finance and National Economy ministries and the Atameken National Chamber of Entrepreneurs, Qazinform News Agency cites primeminister.kz. The meeting focused on business activity, sectoral and regional indicators, the current situation in entrepreneurship, preliminary results of tax reform, and measures to ensure fair regulation […]
Read moreGeorgia’s business sector expands turnover as of 1Q2026
Georgia’s business sector turnover reached 62 billion lari ($23.3 billion) in the first quarter of 2026, up 10.7% compared to the same period of 2025 Data obtained by Trend from the country’s National Statistics Office indicates, that production value increased by 12.4% year-on-year to 23.3 billion lari ($8.8 billion). Georgia’s business sector is driven primarily […]
Read moreTalks Between the President of Turkmenistan and the Prime Minister of Georgia were focused on Transport, Energy, and Business
Negotiations between President of Turkmenistan Serdar Berdimuhamedov and Prime Minister of Georgia Irakli Kobakhidze took place on 17 July 2026 in Tbilisi.
The sides conducted the meeting in both a tete-a-tete format and with expanded delegations. Ashgabat and Tbilisi signed a substantial package of bilateral documents laying the foundation for long-term partnership following the visit. As Prime Minister Irakli Kobakhidze emphasized during the one-on-one meeting, Georgia attaches great importance to deepening a productive dialogue with Turkmenistan.
From his side, President Serdar Berdimuhamedov mentioned the close cooperation established between the two countries in political-diplomatic, trade-economic, and cultural-humanitarian spheres. Also, Berdimuhamedov thanked the Georgian side for its consistent support of Turkmenistan’s policy of permanent neutrality and its international initiatives at the United Nations.
As the both sides confirmed during the negotiations, they are ready to further deepen relations in the political, trade-economic, cultural, and humanitarian spheres. They paid particular attention to cooperation in the transport and energy sectors. Consequently, Turkmenistan and Georgia recognized the exceptional importance of connectivity and the development of the Middle Corridor. The both countries said they were ready to contribute to the further development of trans-Caspian transport routes. Also, the continuity of the strategic course whose solid foundation was laid in 2015 during the visit of the National Leader of the Turkmen people was stressed during the expanded-format negotiations with government delegations.
They identified the Intergovernmental Commission on Economic Cooperation as the key mechanism for enhancing business partnership, coordinating the growth of bilateral trade. A top strategic priority on the joint agenda was transport and logistics. As the President of Turkmenistan confirmed, he was ready to assist Georgia in accessing the markets of Central Asia, South Asia, and the Asia-Pacific region.
Both sides paid particular attention to the implementation of transit corridors, including the multimodal Lapis Lazuli route (Afghanistan–Turkmenistan–Azerbaijan–Georgia–Türkiye). The integration into the TRACECA corridor system was also mentioned.
Moreover, The President also got interested in expanding cooperation in the energy sector. He was ready to discuss on future collaboration in this area substantively.
Scientific and educational ties, tourism, and intercultural relations were covered by the humanitarian dimension of the talks. The Turkmen side proposed considering sister-city ties between the major port cities of Turkmenbashi and Batumi. This will continue the practice of twinning relations between the cities, following the example of Arkadag and Telavi.
Also, President Serdar Berdimuhamedov invited Prime Minister Irakli Kobakhidze to visit Turkmenistan at a convenient time at the conclusion of the official meeting. Kobakhidze accepted the invitation with gratitude.
Finally, the both sides highly assessed the outcomes of the state visit after the official ceremony.
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