Georgian PM: Gov’t must lead country to peace, maintain its rapid development
The PM added the “internal and external enemies” of Georgia were fighting against the development, peace and prosperity of the country, but the Government “should not allow it [...] we have everything under control, and everything will be fine”. Photo via Governement Administration
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The Georgian Government must lead the country to peace and its main task is to maintain the rapid development in Georgia, Georgian Prime Minister Irakli Garibashvili told the media on Saturday.
Garibashvili highlighted that Georgia “is getting richer, stronger and developing”, citing the ten-time increase in deposits, amounting to over 26-27 billion in Georgian Lari (about $10bln) and 25 million in US Dollars compared to the 2012 number, which totalled about 2.5 billion in Dollars and 2.6 in Lari.
He noted that the country’s economy would grow by ₾30 billion (about $11bln) by the end of 2023, emphasising “it is a very big progress and it needs to be maintained and developed”.
The PM added the “internal and external enemies” of Georgia were fighting against the development, peace and prosperity of the country, but the Government “should not allow it [...] we have everything under control, and everything will be fine”.
The reserves of the country, the reserves of the National Bank amount to more than $5 billion”, Garibashvili pointed out and compared the new figures to the previous ones, which totalled $2.8.
He also highlighted that the poverty rate in the country was at a “historic low” of 15.6 percent, compared to figures in 2012 when the poverty level was “almost more than 30 percent”. “The unemployment rate is approximately 17 percent and this is also a historical minimum. More than 200 thousand new jobs were created. Recently, [...] we have had very strong economic growth", he added.
The Administration of the Government of Georgia on Monday said the economic data of 2022 had shown the poverty rate in the country was at a “historic low” of 15.6 percent.
Irakli Kobakhidze, the MP and the head of the ruling Georgian Dream party, on Friday said “Georgia’s having almost double nominal economic upturn” in three years certainly implies a “relevant” growth in everything, including the turnover of enterprises and the employment rate in the country.
Georgian Prime Minister Irakli Garibashvili on Monday claimed the current “period of peace” for the country under his Government and its “correct policy” were to be credited with the “exemplary” domestic economic growth of 7.3 percent between January-April and the international tourism revenue exceeding 100 percent in the first quarter of the year.
Georgian Prime Minister Irakli Garibashvili on Friday presented an annual report of the Government’s work to the Parliament, where he said the Georgian economy had grown by 7.5 percent over the first five months of 2023 and called the result “quite a strong achievement” amid the Russia-Ukraine war and the “threat of use of nuclear weapons”.
Main areas of bilateral cooperation between Georgia and Uzbekistan were discussed on Monday in an extended format meeting between the Georgian Prime Minister Irakli Garibashvili and his Uzbek counterpart Abdulla Aripov.
Georgian Prime Minister Irakli Garibashvili on Monday hosted his Uzbek counterpart Abdulla Aripov at an official dinner.
Unemployment rate in Georgia decreased by 1.4 percent year-on-year in the second quarter of 2023 and equalled 16.7 percent across the country, data from the National Statistics Office of Georgia shows.
Georgian Deputy Economy Minister Vakhtang Tsintsadze on Friday said the country’s “high economic growth” had made a “positive impact” on the labour market by reducing unemployment to its “historic low” of 16.7 percent.