The current and planned large economic projects, as well as ongoing infrastructure works, were discussed by the Georgian Government’s Economic Council, led by Prime Minister Irakli Garibashvili, on Saturday.
Infrastructure Minister Irakli Karseladze briefed Garibashvili and the members of the Council on the 2023-2028 development programmes of the cities and resorts and noted ten tourist locations had already been selected for rehabilitation in the first stage of the programme. The development of the resorts has been “particularly” important for Georgia’s economic progress, Karseladze emphasised.
The conversation touched on the country’s “stable and high rate” economic growth amid the difficult situation created in the Black Sea region [ongoing war in Ukraine] and global challenges, the Government Administration said.
The Council noted that the “high economic growth trend”, observed during 2022, continued in January 2023 as well, and the March indicator constituted 8.4 percent. It was also pointed out that the inflation level in the country decreased, which was a “global challenge” in the post-pandemic period.
Direct foreign investments were also reviewed at the meeting, noting that in 2022 they had increased by 61.1 percent and reached $2 billion, which marked the “historical maximum” of direct foreign investments in the country.