Georgian PM: All signs point to even better economic growth next year

Georgian Prime Minister Giorgi Kvirikashvili stated at today’s governmental meeting that all preconditions are in place for the country to expect more economic growth next year.

The PM highlighted the World’s Bank’s recent Doing Business Index, marking Georgia in 9th position, when  last year the country was the 16th in the rating.

Georgia is in the world’s top ten for the simplification of doing business. I want to congratulate our citizens on this enormous achievement. The improvement is the result of targeted, hard work over the past five years,” Kvirikashvili stated.

The PM said that various reforms will lead to attracting further investments, founding new enterprises and the creation of jobs.

It is important that not only the World Bank but also other foreign ratings show Georgia has displayed very significant advancement,” Kvirikashvili stated.

The PM said that Georgia increased its exports by 28.5 percent, hosted a record number of tourists –about 6,5 million tourists this year and received more remittances.

These factors are very important for Georgia’s economic growth which is now 4.7 percent. This is a healthy tendency that will be reflected in new investments and new jobs,” Kvirikahsvili said.

The PM stated that though the changes are not immediately felt, it is important for the public to know that this is a positive tendency.