About Civil.ge
Eng | Geo | Rus
Last updated: 10:55 - 1 May.'18
RSS
Mobile
Twitter
Facebook
Saakashvili on Three Pillars of Georgia’s Economy
Civil Georgia, Tbilisi / 8 Nov.'10 / 20:28

President Saakashvili said infrastructure, tourism and agriculture development were three main pillars of Georgia’s economy, which should bring doubling of the country’s GDP in next five years.

“Georgia has three main directions in economic development, which will bring a breakthrough in next few years in order to double per capita [GDP] at nominal values in next five years… These are three sectors of our economy are: infrastructure, tourism and agriculture,” he said at a live televised meeting with a group of students at the Free University of Tbilisi on November 8.
 
On infrastructure development, he focused on hydro power generation capabilities of the country, saying that Georgia had a potential of attracting USD 5 billion in next 7-8 years in this sector. He said full use of this potential would give the country possibility to employ 100,000 people.

On tourism, Saakashvili said, Georgia “has unimaginable tourism potential.”

He said that only Mestia in high-mountainous region of Svaneti “has more tourism potential than entire Abkhazia.” He said Georgia had a potential of attracting 5 million tourists annually in “next few years”.

On agriculture, Saakashvili said, it “is our ideology and part of our identity.”

He said that although Georgia had half of its population in rural areas, the agriculture sector made only 11-12% of the country’s GDP.

“This figure should at least double in next five years,” Saakashvili said. “But we need specialists of this sector; we need technologies and at least GEL 100 million state investments annually in this sector.”

Referring to the recent World Bank and International Finance Corporation (IFC) report, Doing Business 2011, Saakashvili said that Georgia was “the world champion” in reforms.

The report ranks Georgia on 12th place among 183 countries for the easiest economy to do business. The report presents quantitative indicators on business regulations and as its authors say the report is limited in scope as it does not measure all aspects of the business environment.

The 10 economies that made the largest strides in making their regulatory environment more favorable to business in last five years are Georgia, Rwanda, Belarus, Burkina Faso, Saudi Arabia, Mali, Kyrgyzstan, Ghana, Croatia and Kazakhstan, according to the report.

Saakashvili said that Georgia’s ranking in the report meant, that “no other country and no other government in the world has done as much as the Georgian government did to improve doing of business and for creating opportunities.”

Saakashvili, however, also said that the bad news was that according to the recent information by the statistics agency “30% of Tbilisi residents are either totally or partially unemployed.”

“This is catastrophically high figure,” he said.

Latest News
01 May.'18 10:55
We Have Moved to a New Platform
Direct Your Bookmarks to https://civil.ge.
29 Apr.'18 03:54
Ruling Party Candidate Wins MP By-Elections
Givi Chichinadze will represent Vani and Khoni single-mandate constituency in the Parliament of Georgia.
28 Apr.'18 09:40
Polls Open for Vani and Khoni MP By-Elections
48,123 voters are eligible to cast their ballots in Vani and Khoni single-mandate constituency.
27 Apr.'18 17:23
State Dept’s Europe Affairs Point Man to Visit Tbilisi
Wess Mitchell will meet senior government officials and address the NATO-Georgia Public Diplomacy Forum.
27 Apr.'18 13:45
In Quotes: Georgian Politicians on Ex-PM Bidzina Ivanishvili’s Comeback
Bidzina Ivanishvili will be approved as the Georgian Dream party chairman at the upcoming convention.
26 Apr.'18 18:15
SG Jens Stoltenberg: Georgia NATO’s ‘Very Close’ Partner
The NATO Secretary General says Foreign Ministers meeting tomorrow will recognize the country’s progress.
26 Apr.'18 14:24
Ex-PM Ivanishvili to Chair Georgian Dream Party
Prime Minister Giorgi Kvirikashvili said Ivanishvili was ‘best equipped’ to add new dynamism to the party.
26 Apr.'18 11:12
Lawmaker Proposes Criminal Liability for ‘Insult of Religious Feelings’
The parliamentary human rights committee decided to set up a working group for scrutinizing the draft law.
25 Apr.'18 17:21
New Abkhaz Government Head Appointed
Gennady Gagulia has served as the Abkhaz “prime minister” twice - in 1995-1997, and 2002-2003.
25 Apr.'18 14:43
Watchdog Improves Georgia’s Press Freedom Ranking
None of the countries of the former Soviet Union (except the Baltics) are ranked ahead of Georgia.

About Civil Georgia
Civil.Ge © 2001-2024, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
16