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Monday, 24 October 2016


Ministers to make Georgia jump over its own head

2011-03-03 21:07

14205.jpegMinister of Economy and Sustained Development Veronika Kobalia, head of Ministry of Finance Kakha Baindurashvili and PM Nika Gilauri decided to cope with a difficult situation that developed in the Georgian economy. According to the government's idea, by 2015, economic activity of the Caucasian republic will beat all the possible records due to famous liberal reforms. Georgia's significance in the world will also grow, for the country will easily be able to feed the increasing population of the planet.


The ministers expect that in the first quarter of this year, the country's economy will demonstrate miracles of acrobatics and jump by 6,5 percent. However, Georgian prime minister is satisfied with those figures that have been reached already: in January, the volume of transportation operations increased by 10 percent and export increased by 75 percent, while in February, an 11-percent growth of activity was recorded in the property market and the car market raised by 11,7 percent. Gilauri did not miss the chance of bragging about another positive point: due to the hard work done by Tax Inspection of the Revenue Service, the state money-box increased by 9 percent. "As the figures show, economic activity grows not only in Georgia but in the region as well",

- prime minister stated at the government session.

However, the happy picture of the economic growth is seriously marred by a relevant inflation growth. At the beginning of February, Minister of Finance Kakha Baindurashvili announced the existence of an inflation control plan. It turns out that this nasty figure would not draw in horns but the Georgian government has got its ways of taming it, for instance, by tightening the monetary policy and developing local agricultural production.

"The inflation press that is bothering Georgia today will pass off sooner or later. The government has got a short-term and a long-term programs aimed at preventing further development of the problem", - head of Ministry of Finance calmed down the public. However, he did not say a word about the guarantees of these programs' success, having offered a single scenario of pulling in belts and looking with hope into a distant but happy future.

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