“At a time when the inflation rate in Georgia is approaching the rate of the Eurozone, it indicates that we are very close to the general trends of the region,” - the Minister of Economy and Sustainable Development of Georgia, Levan Davitashvili, said. According to him, all this was reflected in the rating, and Fitch recently kept the country's sovereign rating at BB.
"The biggest challenge for us is inflation, which was at its peak in May last year, but already in January of this year, the inflation started to decrease and became 9.4%, which is still very high, although it is close to the inflation of the Eurozone, which is always a benchmark for us and it is comparable, because the Eurozone is always in a stable state.
You know that Fitch has recently kept our sovereign rating at BB, but has improved our outlook, which means that we should expect another progress in the future assessment", - said Levan Davitashvili.
To be reminded, in January, the inflation rate in Georgia was 9.4%.
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