The PM’s economic council says economic growth is seen recently

The decision to double the pace of the highway construction process was taken at the first meeting of the economic council today.  

The council members discussed current economic issues and stressed that economic growth indicators and VAT payers turnover has been increased by 5.4 percent and 14.4.percents in October-November this year.  

According to the government of Georgia, the growth is determined by activation of the private business including the construction business. The import of construction materials has also increased.  

The council itself was created by the PM to plan the countrys economic policy and strategy, coordinate their development.  

The major tasks of the council are to plan the economic politics and strategy, analyze the economic risks and investment environment, monitor the current projects, develop the foreign economic policy, and analyze the economic processes abroad and the possibility for foreign economic connections. This will help to develop and support Georgias energy and transport potential. They will study particular issues which will be discussed at Georgias government meetings. This will allow them to provide the Prime Minister with appropriate information, options, and recommendations.  

The head of the council is the PM himself. His deputy is the Minister of Economy and Sustainable Development. The members of the council are the Finance Minister, Energy Minister, Minister of Infrastructure and Regional Development, Agriculture Minister, Minister of Environment, Tax Ombudsman, the President of the National Bank of Georgia, Director General of the Gas and Oil Corporation of Georgia, Executive Director of the Partnership Fund, Director General of the JCS Georgian Railway, and the Executive Director of the Rural Development Fund of Georgia.  

The activities of the Economic Council will be managed by its secretary who is appointed or released by the Prime Minister. According to the government, these kinds of councils exist in many western countries.