Economic Reform Programme discussed by Finance Ministry, European Commission officials
Nicholas Cendrowicz, Head of Cooperation at the EU Delegation to Georgia, said the delegation was waiting for recommendations from EU member states regarding Georgia's economy, financial situation, and macro and fiscal stability. Photo via Finance Ministry
Tweet 
Share
Georgia’s Finance Ministry on Saturday hosted a meeting with experts of the European Commission, discussing the reforms envisaged by the Economic Reform Programme for the years 2024-2026.
Georgia joined the process of preparing the medium-term Programme and submitted its first annual document to the Commission on February 29 after obtaining the status of a European Union membership candidate country, the Ministry said.
Nicholas Cendrowicz, Head of Cooperation at the EU Delegation to Georgia, said the delegation was waiting for recommendations from EU member states regarding Georgia's economy, financial situation, and macro and fiscal stability.
This will be part of the preparatory process for Georgia's accession to the EU. We will consider options on how the country can cope with the challenges of the EU market and integrate into the single market”, Cendrowicz emphasised.
The ERP document, a medium-term expenditure planning tool for the candidate countries, reflects the country’s main data, directions and parameters defined within the annual budget forecasts.
Officials of the European Central Bank and the National Bank of Georgia have held a remote meeting after Georgia submitted its first annual Economic Reform Programme to the European Commission after obtaining the status of a European Union membership candidate country.
Natia Turnava, the Acting Governor of the National Bank of Georgia, on Friday highlighted investments as the main driving force of economic growth in Georgia's "healthy" macroeconomic environment with "increased" economic potential.
Vakhtang Tsintsadze, the Georgian Deputy Economy Minister, on Friday said the country’s “leading position” in the Small and Medium-Sized Enterprises Policy Index involving the EU’s Eastern Partnership countries was a “recognition” of the Government's “successful” economic policy.
Georgia has moved up three positions in the Heritage Foundation's Index of Economic Freedom and ranks 32nd among 184 countries, as well as 19th among European states, surpassing “all countries” with the candidate status for European Union membership, Economy Minister Levan Davitashvili said on Thursday.