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“Our primary task is to sustain a high economic growth rate, for which all necessary conditions are in place. It is crucial to address the current situation in the country,” - stated Irakli Kobakhidze, Prime Minister of Georgia, during a business association conference.
Irakli Kobakhidze emphasized the positive dynamics of economic growth over the past four years, reflecting on the challenges faced since 2012. He also underscored that maintaining peace and stability is key to achieving optimal economic growth. He compared Georgia’s situation to Ukraine, emphasizing the severe consequences of conflict.
“I want to reiterate the importance of peace and stability. The breach of peace in Ukraine led to a 30% economic recession in the first year alone, causing significant social upheaval. Even Moldova has felt the effects, widening the economic gap between Georgia and Moldova by approximately $9 billion over the past three years.
We are open to discussions on any topic directly related to economic growth, the business environment, and maintaining peace and stability in our country. Such dialogues are essential for maximizing our success,” - the Prime Minister added.
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One US dollar trades at GEL 2.7755
14/03/2025