Georgian PM says maintaining “rapid” economic growth Govt’s “main priority”

Georgian Prime Minister Irakli Kobakhidze on Wednesday said the average domestic economic growth for the first nine months of the year reached 9.8 percent, saying the figure was “slightly above the three-year average” and reflected the Government's “commitment to maintaining rapid economic growth” as its “main priority”.

Kobakhidze was asked about  domestic economic prospects and the exchange rate of the national currency following the parliamentary elections on Saturday, and said Georgia ranked “first in economic growth in both the wider region and Europe” over the past three years, with an average growth rate of 9.7 percent between 2021 and 2023.

We want to increase our economy by at least ₾40 billion ($14.6 bln). This [goal] is absolutely realistic considering the current trends”, he said.

We want our per capita income to become more than $36,000 within four years, considering the purchasing power, so that in four years we will overtake absolutely all candidate countries that have opened accession talks with the European Union”, he added.

The PM said the Government had a “very strong economic and management team”, and noted all objectives would be “met within the four-year timeframe”.