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Economy Minister meets executive management of Azerbaijani conglomerate PASHA Holding

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Georgian Minister of Economy and Sustainable Development Mariam Kvrivishvili has met with Elchin Gadimov, Executive Director for Commercial and International Projects at the leading Azerbaijani conglomerate PASHA Holding.

According to the Ministry of Economy, discussions focused on PASHA Holding’s ongoing investment portfolio in Georgia and its future expansion strategies.

The talks prioritised the implementation of the ongoing projects, while exploring ways to broaden corporate operations and deepen bilateral trade ties.

It was highlighted that PASHA Holding has invested approximately 60 million USD in Georgia since 2015 and plans to deploy further capital in the near future.

The meeting was attended by Deputy Minister of Economy and Sustainable Development Irakli Nadareishvili, Head of Enterprise Georgia (Invest in Georgia LEPL) Mikheil Khidureli, representatives of PASHA Holding, and the Ambassador Extraordinary and Plenipotentiary of the Republic of Azerbaijan to Georgia, Faig Guliyev.

PASHA Holding is one of Azerbaijan’s largest diversified corporate groups, operating across banking, insurance, real estate, construction, information technology, and tourism.

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Economy
image Georgia’s gross domestic product expanded by 6.9 per cent in Q2 2026 - Geostat

18.09.2026.18:13

According to preliminary data from the National Statistics Office of Georgia (GeoStat), nominal Gross Domestic Product (GDP) reached GEL 28,147.0 million in the second quarter of 2026, marking a real GDP growth rate of 6.9 per cent year-on-year.

The percentage change in the GDP deflator stood at 3.0 per cent for Q2 2026.

GeoStat reported that key positive drivers of economic expansion during the second quarter included information and communication (16.6 per cent), wholesale and retail trade alongside motor vehicle and motorcycle repair (8.0 per cent), transportation and storage (19.8 per cent), arts, entertainment and recreation (17.4 per cent), manufacturing (7.3 per cent), and human health and social work activities (15.0 per cent).

Conversely, notable contractions were recorded in construction (-4.8 per cent) and agriculture, forestry, and fishing (-3.5 per cent).

According to the agency’s report, wholesale and retail trade alongside motor vehicle and motorcycle repair accounted for the largest share of GDP by economic sector at 14.9 per cent, followed by real estate activities at 9.1 per cent. Subsequent shares were held by manufacturing (8.9 per cent), information and communication (7.6 per cent), public administration and defence including compulsory social security (6.5 per cent), construction (6.5 per cent), agriculture, forestry, and fishing (6.4 per cent), education (6.4 per cent), and transportation and storage (6.3 per cent).

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