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Finance Minister highlights Georgia’s infrastructure progress at AIIB annual meeting

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Georgian Finance Minister Lasha Khutsishvili addressed the Business Session of the Board of Governors during the 11th Annual Meeting of the Asian Infrastructure Investment Bank (AIIB).

In his speech, Khutsishvili highlighted Georgia’s progress in recent years, including the completion of major sections of the East-West Highway, as well as efforts to further develop road, railway, energy and digital connectivity and strengthen energy security and independence.

“This year’s dialogue theme, ‘Infrastructure for Tomorrow: Impact and Innovation,’ reflects a shared understanding that infrastructure is no longer measured solely by the roads, bridges or energy systems we build. Scaling up to deepen and expand services for clients is of utmost importance given existing needs, in order to create infrastructure that connects regions and ensures the smooth functioning of value chains,” Khutsishvili said.

According to the minister, Georgia’s economy has grown by an average of more than 9.3% annually over the past five years. At the same time, the country has maintained all fiscal indicators at safe levels while keeping capital expenditure high.

Khutsishvili also emphasized the importance of strengthening cooperation and dialogue among AIIB member states and enhancing the bank’s role in this regard.

He thanked the government of Qatar and the AIIB team for organizing the forum and congratulated the bank’s new president on the successful conduct of the annual meeting.

The Georgian Ministry of Finance released the information

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image Parliament passes bill raising property tax exemption threshold to GEL 100,000

30.09.2026.21:30

Parliament has formally enacted amendments to the Georgian Tax Code following a third-reading vote, adopting the measure unanimously with 91 votes in favour and none against.

Under the newly passed law, the existing tiered tax system, including the GEL 40,000 baseline threshold and its corresponding variable tax rates, will be abolished. It will be replaced by a single, unified earnings threshold of GEL 100,000, below which individuals will be fully exempt from property tax.

Paata Kvizhinadze, Chairman of the Finance and Budget Committee, presented the bill to the plenary session.

The majority-backed tax reform will exempt around 81,000 families from paying property tax.

Enacted under fast-track parliamentary procedures, the law will take effect immediately upon official publication.

The amendment will apply retrospectively to property tax declarations due for submission in 2026 under the Tax Code of Georgia.

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