BAKU, Azerbaijan, August 3. 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 by trade,
manufacturing, transportation and logistics, construction,
information and communications technologies (ICT), tourism,
financial services, and agriculture. Major corporate players
include Bank of Georgia, TBC Bank, Georgian Railway, Georgian State
Electrosystem, as well as large energy, real estate and logistics
companies. Georgia's strategic location on the Middle Corridor
connecting Central Asia with Europe has also strengthened the role
of transport and logistics in business activity.
Georgia is widely regarded as one of the most business-friendly
economies in the region due to its liberal tax regime and
investment legislation. Since 2017, retained and reinvested
corporate profits have been exempt from profit tax under the
so-called Estonian model, while the standard corporate profit tax
applies only to distributed earnings.
The country operates four Free Industrial Zones in Poti, Kutaisi
and Tbilisi, offering extensive tax incentives for export-oriented
businesses. The government also supports entrepreneurship through
the Enterprise Georgia program, which promotes investment, exports
and SME development.
