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Wednesday, 20 June 2018


Gilauri makes a silk purse out of statistics

2011-09-27 17:47

Gilauri makes a silk purse out of statistics. 22682.jpegLast week, the media speculated, who will replace prime minister Nika Gilauri educated Shashkina or economical Kobalia? In any case, these rumors are a good reason for the head of cabinet to be upset. However, over the years Mishiko is in power in Georgia, there were so much reasons for all to be upset that persistent Gilauri's fellow citizens have learnt to find a reason to celebrate. He didn't become an exception - he has decided to enjoy macroeconomic indicators for eight months of the year.


On Friday, at a government meeting on the interim results of the economic development of the country this year, Nika Gilauri deliberately radiated contentment. But it was not surprising. "A good mien on a bad game" - a basic hook of all the functionaries of the regime of Saakashvili. So, even though the economy is flying into the nether and own career hangs in the balance, in society the Prime is an epitome of calm optimism.

He was particularly happy with the situation in the credit and financial services. "Indicators of the banking sector is encouraging, in particular, deposits grew by 11 percent and loans amounting to 14 percent" - Georgian prime minister savored the statistics. And he was not bothered that Western lenders are reducing their business in the Transcaucasian republic. Another fugitive from the country with the most favorable climate for business has become one of the largest banking groups in the world - the British HSBC.

Nika Gilauri also did not forget to notice the growth in the real economy. "Car sales have increased by 14 percent. Large growth was recorded in the transit volumes. Thus, the throughput of containers increased by 25 percent," - the prime minister rejoiced as a child. Though, he forgot to specify how the real sector of the economy is related to used cars speculation that make up the lion's share of sales in the Georgian automotive market.

They also provided an impressive increase in the Georgian exports. "Exports grew by 40 percent, which is pretty good growth and there was no such growth in other years. Also, imports grew by 38 percent" - stated Gilauri. And he once again chose not to specify that the export records was possible due to the car enthusiasts from Kazakhstan, who swept the entire Georgian car junk in the first half of the year - before the beginning of July when Astana raised import duties on used cars. Georgian Prime hushed up that it's unlikely to wait such surge in foreign trade Tbilisi.

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