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Sunday, 18 March 2018


Saakashvili told MPs on the Act of Economic Freedom

2009-10-06 16:21

Today Mikheil Saakashvili presented a speech in the Parliament and told MPs about new initiatives in the economic sphere. He proposed the Act of Economic Freedom, implying granting more freedom to the economy, drawing the role of the state in the economy to minimum, creation of additional legislative guarantees for local businessmen and foreign investors.


He drew parallel with the economy under Shevarnadze, when, according to Saakashvili, the country was ruled by criminal dons, and bribes and corruption deals decided everything; and the period after the Rose Revolution, when the real revival of the economy, the growth of budget began, welfare of every family improved, GDP grew.

"Building of really free economy has no alternative. We survived a hard aggression, hard economic crisis. It was the hardest exam which showed that all difficulties can be overcome in the conditions of free economy. But for the conducted reforms, now we would have no budget, no industry, and no investment growth. Georgia became one of the most attractive states for investors, despite everything happened over the last year. Investment would grow. As Georgia won trust", Saakashvili stated.

The President turned to statements and works of Ilia Chavchavadze, and said he was the first Georgian who advocated open and liberal economy.

"We chose Ilia's way, and this way lead us to the giant leap on favorable conditions for business". He highlighted that in this regard Georgia is 11th, on the 4th - in tax burden, and noted it was said by the World Bank and the Forbes.

He explained it doesn't mean people in Georgia live better than in Japan, but that's a signal for investors: starting business here is easier than in some other country.

"In result of our joint efforts Georgia reached a lot, but very and very much is still neede to be done ", the President added.


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