The Georgian Economy Minister Levan Davitashvili highlighted the importance of sustaining the existing 9.7 percent economic growth rate, as the benefits we all want to have in the country are directly related to economic progress.
While delivering a speech to a panel discussion at the Georgian Business Association Conference, Davitashvili pointed out the need for direct communication with businesses in the development process of the country's economy so that the Government's economic policy decisions could be In sync with the needs of the business sector, adding that such dialogue with businesses in recent years has been especially fruitful, resulting into economic outcomes.
Davitashvili emphasised that the “main focus” would be on the structural improvement of the economy with a long-term emphasis on increasing productivity, technology, innovation, and infrastructure projects.
The Minister also highlighted flagship projects such as the Anaklia deepwater port project in the country’s north-western Black Sea town, railway modernization, works on the East-West highway, the Black Sea submarine cable project for a new transmission route to deliver green energy from the South Caucasus to Europe, and the development of logistics infrastructure, while speaking of the development of transport and logistics infrastructure.
The conference, organized by the Georgian Business Association, was opened with a welcoming speech by Prime Minister Irakli Kobakhidze and was attended by the Government's economic team and representatives from the business sector.
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One US dollar trades at GEL 2.7755
14/03/2025