Georgian PM, gov’t economic council discuss economic trends, new initiatives
At the meeting the progress of grape harvest was also discussed and it was noted that as of September 16, more than 70,000 tonnes of grapes have been processed in Georgia’s eastern winemaking region of Kakheti, and the harvesting has proceeded “without interruption”. Photo: Government Administration
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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 council highlighted the country’s double-digit economic growth of 10,3 percent in the first seven months of 2022, despite the situation in the Black Sea region and the world, against the background of the ongoing Russian invasion of Ukraine, the government administration said.
The increasing trend of income from tourism was emphasised by the council and it was pointed out that in August 2022, it had surpassed the pre-pandemic figures for the second time, with the country receiving $2.1 billion from tourism between January and August, marking a 94.6 percent recovery compared to the pre-pandemic figures in 2019.
At the meeting the progress of grape harvest was also discussed and it was noted that as of September 16, more than 70,000 tonnes of grapes have been processed in Georgia’s eastern winemaking region of Kakheti, and the harvesting has proceeded “without interruption”.
The council said 7,000 winegrowers had already distributed grapes to wine enterprises and their income had exceeded ₾70 million (about $25 mln), with around 140 companies having already processed various volumes of grapes.
Georgian Prime Minister Irakli Garibashvili and members of the Government's Economic Council met on Saturday to review current economic trends in the country.
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 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.
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.
The Georgian economy grew by 7.1 percent in the second quarter of 2022 year-on-year, while the gross domestic product deflator percentage change equalled to 8.2 percent, the latest data from the National Statistics Office of Georgia show.
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.
Georgian prime minister Irakli Garibashvili and members of the government's economic council on Saturday reviewed current economic trends in the country, as well as the ongoing and planned projects, the government administration said.
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.
Priority directions of the 2023 state budget were discussed on Friday in a meeting of the government's economic council led by the prime minister Irakli Garibashvili.