Ministry of Economy and Sustainable Development of Georgia

What Ministry of Economy and Sustainable Development of Georgia does

The Ministry of Economy and Sustainable Development of Georgia is a government ministry headquartered at 12 G. Chitaia Street, Tbilisi, founded in 1992 and employing 10,000+ staff. It is the primary architect of the country's economic policy and is responsible for regulating economic activity across trade, transport, energy, communications, innovation, tourism, and industrial development. The ministry oversees 16 wholly-owned legal entities of public law (LEPLs) and state-owned enterprises, including the Georgian National Tourism Administration, Civil Aviation Agency, Maritime Transport Agency, Land Transport Agency, GITA (Georgia's Innovation and Technology Agency), the Georgian National Agency for Standards and Metrology, the Accreditation Center, the National Agency of State Property, and major energy SOEs (Georgian Oil and Gas Corporation, Georgian State Electrosystem, Georgian Energy Development Fund, Georgian Gas Transportation Company, UES Sakrusenergo, ESCO, and Sakaeronavigatsia). It is funded through the state budget of Georgia and international donor assistance; it does not operate a commercial revenue model.

The ministry's core technology footprint spans digital government services, electronic permit exchange (E-Permit system for international road freight), a Digital Economy and Information Society Development Strategy 2025-2030 covering broadband, ICT, data centers, and the Europe-Asia digital corridor, and an Industrial Energy Efficiency Framework implemented with UNIDO covering ISO 50001 energy management systems and motor system optimization. Its service portfolio includes Tech Park Tbilisi (a high-tech incubator with offices, labs, and co-working), a network of 22 FabLabs providing manufacturing innovation facilities (3D printers, laser cutters, CNC routers), Tourism Information Centres, and the Startup Georgia venture capital program (35 million GEL allocated; 20 of 51 finalists funded at 15,000–100,000 GEL each). Its go-to-market is government service delivery through its LEPLs and SOEs domestically, and bilateral diplomacy and trade negotiations internationally (DCFTA, EPA with Korea concluded November 2024, FTAs with Israel and India).

Name

Ministry of Economy and Sustainable Development of Georgia

Legal name

Ministry of Economy and Sustainable Development of Georgia

Website

https://economy.ge

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

10,001+ employees

Short description

The Ministry of Economy and Sustainable Development of Georgia is a government ministry headquartered in Tbilisi that formulates economic policy, negotiates trade agreements, and oversees 16+ state agencies and SOEs spanning transport, energy, tourism, innovation, and standards across Georgia.

Ownership category

akta.pro rank

Product category

Government Economic Administration

NAICS

Administration of Economic Programs (9261), Administration of General Economic Programs (92611), Regulation and Administration of Communications, Electric, Gas, and Other Utilities (926130), Executive, Legislative, and Other General Government Support (921)

SIC

Electric, Gas & Sanitary Services (4900), Services-Management Services (8741)

akta.pro primary industry

Trade, Industry & Economic Development Administration (BPAIAAAL)

akta.pro secondary industries

Energy, Utilities & Natural Resources Regulators (BPAIAOAJ), State/Provincial Transportation, Roads & Public Works Administration (BPAIABAK), Central Government Policy, Strategy & Performance (incl. OMB-style functions) (BPAIAAAB)

Keywords

• Economic policy administration
• Trade facilitation services
• Transport infrastructure planning
• SME and startup development
• Industrial energy efficiency

Headquarters

HQ city

Tbilisi

HQ country

Georgia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Distribution channels1 record

Marketing channels3 records

Core offering

The Ministry of Economy and Sustainable Development of Georgia is the government ministry responsible for regulating and stewarding economic activity across Georgia. Its core mandate encompasses economic policy development, foreign trade negotiation and facilitation (including DCFTA, EPA, and FTAs), transport infrastructure coordination (Anaklia Deep Sea Port, Middle Corridor, East-West Highway, railway modernization), SME and startup ecosystem support (Startup Georgia, GITA, 22 FabLabs, Tech Park Tbilisi), industrial energy efficiency programs, and digital economy strategy. It executes this mandate through a network of LEPLs and state-owned enterprises across tourism, transport, energy, innovation, standards, and state property management.

Product overview

The Ministry of Economy and Sustainable Development of Georgia operates a portfolio of government services, agencies, and programs rather than a unified tech product. The core offerings include GITA (Georgia's Agency of Innovations and Technologies) managing Tech Park Tbilisi and a network of 22 FabLabs providing manufacturing innovation facilities; the Startup Georgia venture investment program; the Industrial Energy Efficiency Project implemented with UNIDO; and Tourism Information Centres. These services are delivered through the ministry's main website (economy.ge) which provides access to various administrative services, economic policies, projects, and legislation.

Differentiator

Problem solved

Functional benefit

Products and services

• Startup Georgia (სტარტაპ საქართველო) Government venture investment program providing financing to innovative startup businesses in Georgia, offering tickets from 15,000 to 100,000 GEL per company. Co-coordinated by the Partnership Fund of Georgia and Georgia's Innovation and Technology Agency (GITA), it serves Georgian startup founders operating in aerospace, AI, biotechnology, robotics, telecommunications, and other innovative sectors.
• Tech Park Tbilisi High-technology incubator facility offering offices, conference halls, laboratories, and co-working spaces for startup companies and innovators. Operated under GITA, it serves Georgian technology startups needing incubator facilities to develop and scale their businesses.
• FabLab Network Network of 22 manufacturing innovation laboratories across Georgia providing free access to modern technologies including 3D printers, laser cutters, CNC routers, and other advanced manufacturing equipment. Operated under GITA, it serves innovators, startups, and SMEs needing prototyping and small-batch manufacturing capabilities.
• GITA - Georgia's Agency of Innovations and Technologies State agency providing innovation and technology support services including FabLabs, co-working spaces, training programs, and the Mentors' Network for startup companies. Operates Tech Park Tbilisi and the 22-location FabLab network; connects Georgian innovators to Silicon Valley venture investors.
• Industrial Energy Efficiency Project Multi-component program reducing greenhouse gas emissions through improved energy efficiency in the Georgian industrial sector, addressing policy frameworks, energy management systems, and innovative financing. Targeted at Georgian industrial enterprises; delivered in partnership with UNIDO, the Austrian Energy Agency, and Kommunalkredit Public Consulting (KPC).
• National Digital Economy and Information Society Development Strategy 2025-2030 National strategy for developing Georgia's digital economy and information society, covering broadband infrastructure, ICT, the Europe-Asia digital corridor, data centers, and digital transformation acceleration. Serves as the strategic framework for ICT policy and digital government services.
• Tourism Information Centres Government-run information centres providing tourism services and product information to visitors and local tourists, supporting tourism development and popularizing Georgian regional tourism potential across the country.
• E-Permit Electronic Permit Exchange System Electronic permit exchange information system enabling gradual transition to digital permits between Georgia and partner countries for international road freight transport. Used by logistics operators and freight businesses operating under bilateral transport agreements.

Quantifiable outcome

• Economic growth of 6.4% in May 2026, 7.8% in January-May 2026
• +4 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Twelve partnerships are on record, tiered core and major.

• Government of UzbekistancoreStrategic or Co-development Partner · 1 July 2026Bilateral cooperation in trade, investment, transportation, logistics, and tourism between Georgia and Uzbekistan. Includes signing of a one-year Action Plan during Uzbek President Shavkat Mirziyoyev's visit to Georgia in July 2026, as well as agreements on ICT/digitalization, tourism MoU, and E-Permit electronic permit exchange system. Georgian Minister Mariam Kvrivishvili met with Uzbek Minister Laziz Kudratov. Also includes cooperation in developing IT, innovation, and startup ecosystems.
• Government of KazakhstancoreStrategic or Co-development Partner · 29 June 2026Memoranda signed to deepen cooperation between Georgia and Kazakhstan, with focus on transport sector cooperation. Minister Mariam Kvrivishvili met with Kazakhstan Transport Minister Nurlan Sauranbayev to discuss bilateral economic relations and transport infrastructure development.
• Government of TurkmenistancoreStrategic or Co-development Partner · 30 March 2026Enhancement of cargo flows through Georgian ports and improvement of transport infrastructure, including railway modernization and development of Anaklia port. Both countries aim to strengthen their logistical partnership to ensure reliable connectivity along the Middle Corridor.
• United Nations Industrial Development Organization (UNIDO)coreStrategic or Co-development PartnerUNIDO implements the project 'Reducing Greenhouse Gas Emissions through Improved Energy Efficiency in the Industrial Sector in Georgia' in collaboration with the Ministry. Project started January 2017, funded by Austria's Federal Ministry for Sustainability and Tourism, with three components: policy frameworks, energy management systems, and innovative financing mechanisms including carbon financing.
• Austrian Energy Agency (AEA)majorStrategic or Co-development PartnerKey project execution partner for the UNIDO industrial energy efficiency project in Georgia. Contributes technical expertise in energy efficiency policy and best available technologies for Georgian industry.
• Kommunalkredit Public Consulting (KPC), AustriamajorStrategic or Co-development PartnerKey project execution partner for the UNIDO industrial energy efficiency project. Provides capacity development trainings for the Georgian banking sector on energy efficiency financing, working with Energy Efficiency Centre Georgia.
• Republic of Korea (Ministry of Science, ICT and Future Planning)majorStrategic or Co-development PartnerTechnical assistance cooperation resulted in opening of the Information Access Center (IAC) for blind and visually impaired persons at Mirza Gelovani Tbilisi Library in December 2016. The center is equipped with technical devices including Braille keyboards and assistive technologies.
• Georgia's Ministry of Energy (MoESD)coreOthersThe Ministry of Energy became part of the Ministry of Economy and Sustainable Development on December 15, 2017, enabling integrated energy policy coordination.
• Georgia's Ministry of Environmental Protection and AgriculturemajorOthersPartner in the UNIDO industrial energy efficiency project, contributing environmental protection and climate change expertise. The relevant ministry division became part of this ministry on December 7, 2017.
• Partnership Fund of GeorgiacoreStrategic or Co-development PartnerCo-coordinator of the Startup Georgia venture capital program, providing financing for innovative startup projects alongside the Innovation and Technology Agency (GITA). Fund focuses on innovative projects while GITA supports high-tech innovative ideas.
• Georgia's Innovation and Technology Agency (GITA)coreStrategic or Co-development PartnerCo-coordinator of the Startup Georgia venture capital program; provides funding for unique high-tech innovative ideas; offers FabLabs (22 manufacturing innovation laboratories), co-working spaces, training centers, mentors' network, and high-tech incubator at Tech Park Tbilisi. Also facilitates connections to Silicon Valley venture investors.
• Baku-Tbilisi-Kars Railway (BTK)majorOthersStrategic railway line connecting Baku (Azerbaijan), Tbilisi (Georgia), and Kars (Turkey). Key element of the Middle Corridor for cargo transport between Europe and Asia.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Invest Türkiye (Presidency of Investment Office): National investment promotion agency of a regional partner and BTK/Middle Corridor co-participant; comparable in mandate for FDI promotion, sector-specific targeting, and trade diplomacy.
• EBRD (European Bank for Reconstruction and Development): Major institutional investor and policy adviser in the Georgian economy and across the broader post-Soviet region; complementary rather than competing role in infrastructure finance, SME lending, and reform programme design.

Direct peers

• Ministry of National Economy of Kazakhstan: Central Asian partner ministry with overlapping mandates in trade policy, foreign investment, and transport corridor strategy; signed cooperation memoranda with Georgia in June 2026 covering transport and economic ties.
• Ministry of Investments, Industry and Trade of Uzbekistan: Uzbek counterpart ministry that signed a one-year Action Plan with Georgia in July 2026 covering trade, investment, transport/logistics, ICT/digitalisation, tourism, and IT/startup cooperation.
• Partnership Fund of Georgia: State-owned investment vehicle co-coordinating the Startup Georgia programme with the ministry; relevant comparable as a state capital deployment arm working alongside the economic ministry.
• Ministry of Economic Development of Ukraine: Post-Soviet economy ministry with comparable mandates around EU integration (DCFTA-like frameworks), SME support, infrastructure modernisation, and industrial policy.
• Ministry of Economy of Azerbaijan: Regional counterpart ministry overseeing economic policy, trade, investment promotion, and industrial development for Azerbaijan — a direct neighbour and co-participant in the Middle Corridor and Baku-Tbilisi-Kars railway partnership.
• Ministry of Economy of Armenia: Neighbouring South Caucasus economy ministry with shared post-Soviet economic reform context, similar scope over trade, investment, SME policy, and infrastructure coordination.
• Enterprise Georgia (LEPL): Investment promotion and SME support agency under the same ministry; comparable in scope to stand-alone national investment agencies that operate as operational arms of economic ministries.

Emerging players

• Ministry of Economy and Innovation of Lithuania: EU member state economy ministry with comparable small-economy mandate covering innovation policy, SME support, and infrastructure — relevant benchmark for Georgia's EU accession trajectory and digital-economy ambitions.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/ministry-of-economy-and-sustainable-development

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

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Frequently asked questions about Ministry of Economy and Sustainable Development of Georgia