PM Gakharia: ‘Georgia can use the conditions of the coronavirus crisis to help economic recovery'
PM Gakharia said that economic recovery will start from tourism, which will be followed by agriculture and then construction, development, industry, education and then medicine. Photo: Gov't of Georgia.
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Georgian Prime Minister Giorgi Gakharia considers that Georgia can use the very conditions created by the coronavirus crisis to help in the process of economic recovery.
This crisis should be an opportunity for our country's economy, and the Georgian economy should emerge even stronger from this crisis. Here we may find directions and sectors for economic growth that we had never thought of before and could not imagine", Gakharia said.
Gakharia stated that economic recovery will start from tourism, which will be followed by agriculture and then construction, development, industry, education and then medicine.
We will follow this plan. The opening of economic sectors was scheduled according to two components: how important the specific sector was for the economy and how much it was affected by the pandemic”, Gakharia said.
Starting today the next phase of coronavirus-related restrictions are lifted: all kinds of manufacturing has resumed and retail and wholesale stores, except for clothing and footwear stores and shopping malls that have joined entrances have opened.
Gakharia said that "we all need to understand that this process will be with us at least until the end of the year, but we must not stop our daily economic life".
Georgia will spend 3.5 billion (about $1.09b/€1.01b) on its coronavirus anti-crisis plan that Gakharia announced last month.
In May several coronavirus-related restrictions will be resumed in Georgia, announced Georgian Prime Minister Giorgi Gakharia today. The plan includes resuming all manufacturing, several categories of retail and wholesale stores and opening the capital city of Tbilisi and smaller towns of Rustavi, Gardabani and Marneuli.
Georgian Economy Minister Natia Turnava held a presentation today on how the government is planning to help local businesses and especially small and medium-sized businesses reopen and overcome economic difficulties caused by the coronavirus pandemic.
Georgian Prime Minister Giorgi Gakharia announced earlier today how the government intends to help businesses and agriculture during the COVID-19 crisis.
Georgia will spend 3.5 billion (about $1.10b/€1.02b) on its coronavirus anti-crisis plan, Georgian Prime Minister Giorgi Gakharia announced earlier today. "For now, the country will spend GEL 3.5 billion on managing the crisis, of which 1.035 billion GEL will be directed at social support of citizens, 2.11 billion GEL will be directed at the economy and entrepreneurs, while 350 million GEL will be spent on the health care of each citizen", Gakharia said.
Georgia's Black Sea region of Adjara should become the main driving force for Georgian tourism and the economy, said Prime Minister Giorgi Gakharia at today's meeting with representatives from Adjara's tourism sector.
A second outbreak of the new coronavirus may start at the end of autumn and the virus will peak in winter, the Deputy Head of the National Disease Control Centre Paata Imnadze noted in an interview with the Georgian newspaper Kviris Palitra.
The poverty rate in Georgia has dropped 10.5 per cent since 2012, Georgian Prime Minister Giorgi Gakharia said in parliament earlier today. He also noted that child poverty has been reduced from 34.7 per cent to 25.5 per cent according to the World Bank.