A working meeting took place between the Business Association of Georgia (BAG) and a mission from the International Monetary Fund (IMF), during which the parties discussed current macroeconomic trends, the business environment, and challenges facing the private sector in the country.

During the meeting, Levan Vepkhvadze, Executive Director of the Business Association of Georgia, delivered a presentation on the BAG Index to the mission representatives, detailing the private sector’s current sentiment, expectations, and key indicators of economic activity.

In their discussions, the parties thoroughly reviewed the country's existing business climate and investment environment. Special attention was given to currency exchange rate dynamics and their impact on business operations. The meeting also addressed the current situation in the labor market, employment statistics, and the shortage of qualified personnel, which remains one of the primary challenges for the business sector.

The conversation also touched upon the global geopolitical situation - the parties discussed ongoing conflicts around the world and their impact on Georgia’s economy and regional trade. In this context, they examined issues related to automobile exports, the growing role of the Middle Corridor, the significance of the Anaklia Deep Sea Port project, and the modernization process of Georgian Railway as key factors in strengthening the country’s transit and logistical potential.

'The Business Association of Georgia enjoys a multi-year and fruitful cooperation with the International Monetary Fund. It is always important for us to share with the Fund's mission the objective assessments of the private sector compiled in the BAG Index. At the meeting, we discussed in detail both macroeconomic parameters and labor market challenges, as well as the major infrastructure projects and regional processes that define the country's long-term economic growth and investment attractiveness,' stated Levan Vepkhvadze, Executive Director of the Business Association of Georgia.