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Ministry of Economy and Sustainable Development (Georgia) facts for kids

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Ministry of Economy and Sustainable Development of Georgia
საქართველოს ეკონომიკისა და მდგრადი განვითარების სამინისტრო
Greater coat of arms of Georgia.svg
Coat of Arms of Georgia
Agency overview
Formed 1992
Jurisdiction Government of Georgia
Headquarters Sanapiro Str. N2, Tbilisi, Georgia 0114
Annual budget ₾558.2 million (USD 210.2 million) (2023)
Agency executive
  • Levan Davitashvili (since 9 February 2022)
    Minister of Economy and Sustainable Development
Child agency
  • United Transport Administration
Website www.economy.ge

The Ministry of Economy and Sustainable Development (Georgian: საქართველოს ეკონომიკური განვითარების სამინისტრო) is a government department in Georgia. Its main job is to help manage the country's economy. The Ministry's head office is in Tbilisi. Currently, Levan Davitashvili is the leader of this Ministry.

What the Ministry of Economy Does

The Ministry of Economic Development was created in 1992. This was after the Soviet Union broke apart. In 2010, its name changed to the Ministry of Economy and Sustainable Development.

The Ministry's main goal is to help Georgia's economy grow. They do this by creating smart economic plans. These plans help businesses and create jobs for people.

How They Help the Economy

The government had a plan from 2004 to 2009. It was called For United and Powerful Georgia. This plan aimed to make it easier to start and run businesses. It also wanted to make rules clear for private companies.

The Ministry works on several important things:

  • Making it simpler for businesses to operate.
  • Creating clear and stable laws for private companies.
  • Selling state-owned companies to private owners. This helps the economy grow.
  • Making it easier to get licenses and permits for businesses.
  • Reducing rules that might slow down businesses.
  • Protecting markets from becoming controlled by just one company.
  • Helping tourism, transport, and communication systems grow.

How the Ministry Uses Money

The Ministry of Economy and Sustainable Development has a budget. This is the money it can spend each year. In 2023, its budget was about 558.2 million Georgian Lari. This money helps them carry out their economic plans and projects.

Other Groups They Work With

The Ministry works with other important groups. One of these is the United Transport Administration. This group helps manage transport in Georgia.

Leaders of the Ministry

A Minister is the person in charge of a government department. Many people have led the Ministry of Economy and Sustainable Development over the years. Here is a list of some of the past and current 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
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