Ministry of Economy and Sustainable Development (Georgia) explained

Agency Name:	Ministry of Economy and Sustainable Development of Georgia
Nativename:	საქართველოს ეკონომიკისა და მდგრადი განვითარების სამინისტრო
Seal:	Greater coat of arms of Georgia.svg
Formed:	1992
Jurisdiction:	Government of Georgia
Headquarters:	Sanapiro Str. N2, Tbilisi, Georgia 0114
Budget:	₾558.2 million (USD 210.2 million) (2023)^[1]
Chief1 Name:	Levan Davitashvili Minister of Economy and Sustainable Development
Child1 Agency:	United Transport Administration
Website:	www.economy.ge

The Ministry of Economy and Sustainable Development (Georgian: საქართველოს ეკონომიკური განვითარების სამინისტრო) is a ministry of the government of Georgia in charge of regulating economic activity in the country. Its head office is in Tbilisi.^[2] It is currently headed by Levan Davitashvili.^[3]

Structure

The Ministry of Economic Development was established after dissolution of Soviet Union. It was renamed to Ministry of Economy and Sustainable Development during government restructuring in 2010.^[4] The main functions of the ministry are to provide incentives for economic growth in the country utilizing an effective economic policy.^[5] The economic policies of the state are described in the action plan of the Georgian Government for 2004–2009 titled For United and Powerful Georgia. The policies include utilization of macroeconomic policy and private entrepreneurship development. The economic reforms undertaken by the government include liberalization of entrepreneurial activities, creation of favorable, transparent and stable legislation for private business owners; realization of active privatization process and support to strengthening of private sector; facilitation of issuance of licenses and permits and reform of the system of technical regulation; economic deregulation and protection of markets against monopolization; development of tourism, transport and communication infrastructure, etc.^[6]

Budget

The budget of the Ministry of Economy and Sustainable Development in 2023 is GEL 558.2 million (USD 210.2 million), down by 374.2 million (USD 140.9 million) compared to 2022.^[7]

Sub-agencies

• United Transport Administration

Ministers

• Vladimir Papava, 1994–2000
• Ivane Chkhartishvili, 2000–2001
• Giorgi Gachechiladze, 2001–2003
• Irakli Rekhviashvili, November 2003 – June 2004
• Kakha Bendukidze, June 2004 – December 2004
• Lekso Aleksishvili, December 2004 – June 2005
• Irakli Chogovadze, June 2005 – November 2006
• Irakli Okruashvili, November 2006
• Giorgi Arveladze, November 2006 – January 2008
• Eka Sharashidze, January 2008 – December 2008
• Lasha Zhvania, December 2008 – August 2009
• Zurab Pololikashvili, August 2009 – July 2010
• Vera Kobalia, July 2010–25 October 2012
• Giorgi Kvirikashvili, 25 October 2012 – 2015
• Dimitri Kumsishvili, 1 September 2015 – 2018
• Giorgi Kobulia, 1 September 2018 – 18 April 2019
• Natela Turnava, 18 April 2019 – 9 February 2022
• Levan Davitashvili, 9 February 2022 – Present

External links

• Ministry of Economy and Sustainable Development
• Ministry of Economy and Sustainable Development

Notes and References

1. Web site: Georgian Parliament Approves 2023 State Budget . 2023-10-25.
2. "Main." Ministry of Economy and Sustainable Development. Retrieved on 6 February 2011. "Address:12 Chanturia Str., Tbilisi, 0108, Georgia."
3. Web site: Agriculture minister Davitashvili replaces economy minister Turnava in reshuffle. Agenda.ge. 9 February 2022.
4. News: Парламент утвердил структурную реорганизацию правительства Грузии . Parliament confirmed structural re-organization of the Georgian government . Georgian Times . 2010-06-30 . 2011-04-15.
5. Web site: Cardoso. Paulo. American Times Presents: Georgian Minister of Economy and Sustainable Development – Mr. Giorgi Kvirikashvili. The American Times. 22 December 2012. Tbilisi, Georgia.
6. Web site: Ministry of Economy and Sustainable Development. Ministry . 2011-04-15.
7. Web site: Georgian Parliament Approves 2023 State Budget . 2023-10-25.