Finance Minister, EU-Georgia Business Council review economic activity, investment attractiveness

Economic processes in Georgia and creation of a “healthy environment for business and investment” were discussed on Thursday by Finance Minister Lasha Khutsishvili and members of the European Union-Georgia Business Council, a non-profit association working to encourage investment and trade between the state and the bloc.

The Minister noted the role of macroeconomic stability and importance of “fiscal discipline” globally and in the Black Sea region, saying the private sector was the “main force” of the country's economic growth.

Khutsishvili said the Government aimed to implement investment projects that “encourage and attract” private assets, including in construction of highways, tourism infrastructure, and the projects for the Black Sea submarine electricity transmission cable and the Anaklia deep sea port on western Georgia’s coastline.

He also noted the role of the sovereign credit rating as “one of the most sustainable and stable” evaluations of the country's ability to draw investment capital, adding the latter remained the Government's “main objective”