PM Garibashvili: "While world is facing biggest challenges, we have maintained peace, stability, strong economic development"
PM Garibashvili made this statement at the foundation laying ceremony of Ambassador Batumi Island in the Black Sea resort city earlier today. Photo: PM's press office
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Georgian Prime Minister Irakli Garibashvili said Georgia has maintained "peace, stability and strong economic development, while the whole world is facing the biggest challenges", the Government Administration announced on Saturday.
Garibashvili made this statement at the foundation laying ceremony of Ambassador Batumi Island in the Black Sea resort city earlier today.
You know we have double-digit economic growth while the whole world is facing huge challenges. Recession is almost everywhere and we have maintained peace, stability and strong economic development”, Garibashvili said.
He stressed the importance of the $100 million Ambassador Batumi Island project and noted that “such projects” contribute to the creation of more jobs and income in the country.
Today our country needs the implementation of such projects, strong economic development and progress, which will certainly create more jobs, more income, more wealth and more prosperity for our citizens. This is our common desire, task and dream”, Garibashvili said.
The Georgian economy grew by 9.7 percent in July 2022 year-on-year, while the average real gross domestic product increased by 10.3 percent between January-July, the latest data from the National Statistics Office of Georgia shows.
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Georgian Prime Minister Irakli Garibashvili on Monday announced amendments to the country’s budget bill to reduce its foreign debt to 40 percent of the gross domestic product, and budget deficit to 3.2 percent of the GDP, crediting the “unprecedented, double-digit” economic growth for enabling the moves.
October 1, 2012, is the “most important” date in the history of modern Georgia, the Georgian Dream party, together with the citizens of Georgia, changed the government for the first time with democratic elections, in a peaceful way, the country’s prime minister Irakli Garibashvili said on Saturday.
Irakli Kobakhidze, the chair of the ruling Georgian Dream party, on Tuesday said the Georgian government respected its international partners but was making “sovereign decisions in the best interests” of the country and its citizens.
Georgian prime minister Irakli Garibashvili on Thursday discussed the “unprecedented growth” of the country's economy on the backdrop of the global recession, as well as current economic trends and ongoing and planned investment projects with Vazil Hudak, his special adviser for foreign investments.