PM pledges support for business, says sector “absolutely free"
At the meeting Garibashvili stressed the double-digit economic growth of Georgia amid the "current complicated situation and pessimistic expectations" in the world. Photo: PM's press office
Tweet 
Share
Georgian prime minister Irakli Garibashvili on Tuesday met representatives of the Georgian business community to discuss the current economic situation of the country, the government administration said.
At the meeting Garibashvili stressed the double-digit economic growth of Georgia amid the "current complicated situation and pessimistic expectations" in the world. He said thanks to the government's "reasonable" policy and "effective steps", the Georgian economy had “recovered fast” and grown by 10.3 percent between January-August.
At the press briefing following the meeting, Garibashvili told the press his “main message” to the business was that the government would "support the business as much as possible". The domestic business sector “is absolutely free", he also told reporters.
The PM said the turnover received by the Georgian business sector had increased "significantly", marking a 31.5 percent year-on-year growth and amounting to ₾150.4 billion (about $53.25 bln) in 2021.
The government head also noted his meeting with the private sector had reviewed new initiatives, programmes and projects, adding government officials had presented their vision of how the sector could be “more active”. "We have agreed on a number of new initiatives that we will implement", Garibashvili told the press.
The turnover received by the Georgian business sector increased by 31.5 percent (y/y) and amounted to ₾150.4 billion (about $53.25 bln) in 2021, the latest data published by the National Statistic Office of Georgia said.
The Honorary Consulate Institute is particularly important for Georgia, including in presenting the country “positively” in the international arena, disseminating objective information, sharing investment and tourism potential, as well as increasing awareness, Levan Davitashvili, the economy minister and vice prime minister said on Sunday at the thematic panel on economic diplomacy within the framework of the conference of Honorary Consuls of Georgia - Cooperation for Strong Partnership.
Georgian prime minister Irakli Garibashvili on Friday said ₾80 million ($28 mln) would be allocated for providing natural gas supply to all regions of Georgia, while ₾900 million ($318mln) would be spent on agriculture and for development of small and medium-sized businesses in the country.
Georgian prime minister Irakli Garibashvili on Friday said the country’s "unprecedented" double-digit economic growth of 10.5 percent in August and 10.3 percent over the first eight months of 2022 was the result of the government's "reasonable policy”.
The Georgian business climate index is at an “all-time high” according to the third quarter data of the BAG Index, a joint product of the Business Association of Georgia, PMC Research Centre and the IFO Institute for Economic Research, Association president Soso Pkhakadze said on Tuesday.