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Monday, 24 October 2016


Saakashvili called for the ministers to lure more investments

2009-03-17 15:23

Mikheil Saakashvili, the President of Georgia, called for the ministers to mobilize more investments in the spheres of economy they are responsible for.


At today's meeting of the government the President stated that increase of foreign investments will save the economy of the country from collapse and will help not just to withstand in the conditions of the global financial crisis but will ensure economic growth.

He mentioned the example of the energy sphere, in which significant projects are being planned and implemented, including the construction of the two new power lines and now new hydro power plants. According to Alexander Khetaguri, the Minister of Energy, these two projects will create up to 50 thousand of working places.

"We are a small country, and foreign investments are needed to save our economy and other spheres. Little by little, as it is done in the energy sphere, we must attract foreign capital in education, healthcare and other spheres", the President said.

He again touched upon the situation in neighbouring countries and mentioned that in Turkey the recession of economy in the first 3 months of the year counted 10 per cent, the indicator will be approximately the same for Russia where, as the Georgian president believes, the number of the unemployed trebled. According to Saakashvili, the government of Georgia continues working on creation of new working places and luring foreign investments.


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