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Friday, 28 October 2016


Georgian government is not guilty of price growth – Ministry of Finance

2010-12-29 16:22

11920.jpegHead of the Georgian Ministry of Finance Kakha Baindurashvili hailed criticism on representatives of the country's private business, accusing them of artificial overpricing.


According to Business-Georgia, Baindurashvili referred to the situation in the wheat market. He said that the drop in the world prices for the product in October did not affect grain prices.

According to the head of the Georgian Ministry of Finance, there is the problem of an intentional confederacy between several large importers. He said the people should understand that the government is not to be blamed for price growth.

Let us remind you that the present inflation level in Georgia is 10,5 percent, which has been a record figure since 2007.

It should also be noted that earlier, Georgian president's press speaker Manana Mandzhgaladze reported that the Georgian government will submit a price control plan to the president of the country.

"The president ordered the Cabinet to develop the mentioned plan in the nearest time", - she remarked.
Manana Mandzhgaladze also added that the plan will bear a significant meaning for all the citizens, especially for the people engaged in the trade field.

According to the data provided by Georgian Statistics Department, a record living wage in the past seven years has been registered in December 2010.

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