Georgian PM, gov’t economic council discuss “positive” economic trends in country
The council discussed cooperation with European and Asian countries in energy security, while also reviewing current and planned energy projects in Georgia. Photo: Government administration
Tweet 
Share
Georgian prime minister Irakli Garibashvili and members of the government's economic council on Saturday discussed the “positive” economic trends in Georgia and the positive impact of double-digit economic growth on the country’s economic development, the government administration said.
Maintaining high economic expansion was highlighted as a “priority” of the Georgian government and all relevant agencies working “actively” in this direction.
The council discussed cooperation with European and Asian countries in energy security, while also reviewing current and planned energy projects in Georgia.
The conversation also touched on the “main directions” of the 2023 budget, with Garibashvili stressing that the double-digit economic growth achieved in 2022 had “allowed” the government to increase funding “in many directions”, as well as to reduce its external debt and the budget deficit.
“Major investments” made and planned in the Georgian energy sector and prospects for future cooperation were discussed on Thursday in a meeting between Georgian prime minister Irakli Garibashvili and Praveer Sinha, the CEO and managing director of Tata Power Company Limited.
Georgian prime minister Irakli Garibashvili and members of the government's economic council on Saturday reviewed current economic trends in the country and discussed new initiatives, as well as the ongoing and planned projects, the government administration said.
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 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”.
Georgian prime minister Irakli Garibashvili on Monday said the domestic high economic growth rate was expected to be maintained with the year closing with “double-digit figures”. The government administration cited Garibashvili as saying the current 10.2 percent growth was “unprecedented in Europe”, in his summary of figures of the past nine months at the weekly government meeting.