Georgian PM discusses “unprecedented” economic growth, plans with foreign investments adviser
Georgian prime minister Irakli Garibashvili on Thursday met Vazil Hudak, his special adviser for foreign investments.Photo: government of Georgia press office
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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.
The government administration said the PM had praised the government’s “proper and prudent policy” which he said had led to the growth, and noted maintaining the “positive trend” was a “top priority”.
Garibashvili also emphasised the importance of attracting foreign investments for economic development and stressed additional investments would ensure faster economic development in a bid to provide “greater incomes to Georgian citizens”.
Georgia’s “unprecedented” economic growth this year should be maintained and increased, Prime Minister Irakli Garibashvili said at the Government meeting on Monday.
Georgian economy minister Levan Davitashvili on Thursday said Georgia was expected to have a higher economic growth this year compared to estimations made by international financial institutions at the start of the crisis stemming from the war in Ukraine.
Georgian Prime Minister Irakli Garibashvili on Monday said Georgia’s average real Gross Domestic Product increase of 10.3 percent between January and July was an “unprecedented economic growth worldwide” on the backdrop of Russia’s war in Ukraine, which he said had caused “serious economic challenges in Europe, and in the whole world”.
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.