Six-month double-digit economic growth “result of reasonable policy” - PM
Georgian Prime Minister Irakli Garibashvili on Friday said the double-digit economic growth of 10.5 percent over the first six months of 2022 was the result of the Government's "reasonable and national" policy. Photo: PM's press office
Tweet 
Share
Georgian Prime Minister Irakli Garibashvili on Friday said the double-digit economic growth of 10.5 percent over the first six months of 2022 was the result of the Government's "reasonable and national" policy.
Garibashvili said that "this is a big exception in today's world".
I have frequent communication with our European leaders, colleagues, friends, and they are very surprised how little Georgia managed such strong economic growth. The lari continues to strengthen, this all helps to create more wealth in the country; business is very active, many jobs are created, thousands of jobs, and I want to say that we will support this trend as much as possible, and strengthen it more", Garibashvili said.
The National Statistics Office of Georgia published the latest GDP data today which reads that the Georgian economy grew by 7.2 percent in June and by 10.5 percent in the first six months of 2022 year-on-year.
Vakhtan Tsintsadze of the Ministry of Economy said that maintaining the trend of double-digit economic growth is especially important in the light of the decrease in the forecasts of the global economy.
This, of course, indicates the stability of the Georgian economy in relation to external shocks", Tsintsadze said.
The Deputy Minister of Finance, Mikheil Dundua said that Georgia's double-digit economic growth is a result of "our peace-oriented policy".
The Georgian economy grew by 7.2 percent in June and by 10.5 percent in the first six months of 2022 year-on-year, the latest data from the National Statistics Office of Georgia show.
Georgian Prime Minister Irakli Garibashvili and members of the Government's Economic Council met on Saturday to review current economic trends.
Georgian Prime Minister Irakli Garibashvili on Monday said the country maintained “double-digit economic growth, peace and stability” while economic processes in the world were “heading towards recession”.
Georgian Finance Minister Lasha Khutsishvili on Monday said the economic recovery from the pandemic was "progressing at a faster pace than expected", with the development setting expectations "much higher" than the projected six percent economic growth this year.
Economic growth in Georgia is observed at a higher than expected level, a process contributing to the stabilisation of the share of the Government debt to the gross domestic product, Prime Minister Irakli Garibashvili said on Monday.
Georgian Prime Minister Irakli Garibashvili and members of the Government's Economic Council met on Saturday to review current economic trends in the country.
Georgian Economy Minister Levan Davitashvili on Saturday said cargo turnover, by the country's transport sectors, including road and railway, as well as civil aviation, had increased by 16.6 percent in the first quarter of 2022 and had amounted to 12.8 million tons, this “clearly indicating” that the interest of international carriers towards the transport corridor of Georgia has been growing.
Georgian prime minister Irakli Garibashvili and members of the government's economic council met on Saturday to review current economic trends and new initiatives in the country.
The Georgian government on Monday held a meeting led by prime minister Irakli Garibashvili that discussed a range of topics including national regulations for business trip expenses.
The Georgian government on Monday held a meeting led by prime minister Irakli Garibashvili to discuss a range of topics, including approval of the 2022-2028 strategy for the development of the capital market of Georgia and the related action plan.