Georgian PM: Georgia aims to boost trade and investment along Middle Corridor

Georgian Prime Minister Irakli Kobakhidze on Tuesday said that deepening regional cooperation and positioning Georgia as a regional financial and technology hub were key government priorities, adding that the Tbilisi Financial Summit would help strengthen regional ties, expand investment opportunities and boost trade among countries along the Middle Corridor.

Speaking at the summit, Kobakhidze highlighted initiatives undertaken by the government and the National Bank of Georgia to increase competition in the financial sector, promote innovation and advance the development of digital services.

He noted that concrete steps had been taken in recent years, including the introduction of a regulatory framework for the registration and supervision of virtual asset service providers, as well as regulations governing the issuance of stable virtual assets.

“As a result, more than 40 virtual asset service providers are now operating in the market. Open banking has also been introduced, and a licensing framework for digital banks has been established, under which three digital banks are currently operating in Georgia. One of them was established through a Singaporean initiative”, Kobakhidze said.

The Prime Minister also highlighted the modernisation of payment systems initiated by the National Bank of Georgia, noting that these changes would improve access to financial services and create greater opportunities for fintech companies to develop and implement innovative projects.

“At the same time, with the involvement of the National Bank, regional cross-border payment projects are being developed to further deepen financial ties between our countries. We welcome the active cooperation of countries across the region in this regard”, he continued.

According to Kobakhidze, these initiatives are laying a solid foundation for a modern, innovative and competitive financial ecosystem in Georgia, which is essential for economic growth and deeper integration into international markets.

“Deepening regional cooperation and establishing Georgia as a regional financial and technology hub are priorities for our government, and the Tbilisi Financial Summit plays an important role in this process. I believe the summit will contribute to further strengthening regional cooperation, advancing our country’s economic development, expanding investment opportunities and enhancing trade relations among Middle Corridor countries”, Kobakhidze concluded.