changed 5 prime ministers in 8 years and 4 months. During this period, Georgia signed
free trade agreements with the EU and China, abolished the tax on reinvested
profits and increased the excise taxes on all goods (alcohol, cigarettes, vehicles)
subject to the tax, improved the protection of property rights and introduced many
Economic growth under Georgian
Dream has dropped by almost 50% compared to the previous period. The pandemic
has reduced the country’s economy by 5%.
The first prime minister
of the current government was Bidzina Ivanishvili, who took office on October
25, 2012. A year later, on November 20, 2013, he left the post.
This short period was a time of
partial fulfillment of election promises - instead of the promised 50%, the gas
tariff was reduced by only 10% but only
for those who consume a minimum and most of the population and business did not
feel any change.
The program to support the
agricultural sector failed to modernize agriculture, turned out to be short-term
and was a social assistance.
Under Prime Minister Bidzina
Ivanishvili, the universal healthcare program was launched, which, on the one
hand, significantly increased the access of the vulnerable people to medical
services, on the other, increased the budget spending.
Irakli Garibashvili became the head of the Georgian government on
November 20, 2013 and held this post
until December 23, 2015.
During this period, the government
launched the construction of the giant Neskra HPP which was planned to be
completed in 2021, but its commissioning was delayed until 2025.
Irakli Garibashvili’s team developed
the economic development program of Georgia "Strategy -2020" that remained unfulfilled. During the same period,
an Association Agreement with the EU was signed, but this was not his merit,
since the work on the documents had been going on for many years.
On December 30, 2015,
ex-Minister of Economy Giorgi Kvirikashvili became the Prime Minister, who held
this post for 2.5 years. One of the achievements of this period was the abolition
of the tax on reinvested profits at the expense of an increase in excise taxes, which led to a
significant price hikes for fuel and cars.
In this period, Georgia signed a free trade
agreement with China, in the same period the construction of the Baku-Tbilisi-Kars
railway was also completed.
Giorgi Kvirikashvili was
actually dismissed from his post on June 13, 2018, and replaced by the ex-head of the Georgian
Railway Mamuka Bakhtadze, who talked a
lot about strategic plans, but was remembered exclusively for his activity on
His managerial abilities are
clearly evidenced by a decline in freight
turnover of the railway from 20.1 to 10 million tons. But since 2019, when the
leadership of the railway changed, the Georgia Railway saw growth again.
In October 2019 Giorgi
Gakharia became Prime Minister, who led the country during the pandemic, and all his
activities, including the economy, are related to the opening and closing of
the economy, quarantine, etc.
On February 22, the Georgian parliament appointed Irakli
Garibashvili as prime minister, who promised to develop a development strategy
for the next 10 years.