About Civil.ge
Eng | Geo | Rus
Last updated: 10:55 - 1 May.'18
RSS
Mobile
Twitter
Facebook
Economy Minister-Designate Speaks of Priorities
Civil Georgia, Tbilisi / 25 Nov.'16 / 11:37

Giorgi Gakharia, who has been nominated as new Economy Minister, named rapid economic growth, improved employment rates and reduced trade gap as three key challenges addressing of which “will enable us to transform Georgian economy from the economy of challenges to the economy of possibilities.”

Giorgi Gakharia, who had been involved in business sector before becoming Georgia’s business ombudsman in 2013, laid out the priorities on November 24 at a joint session of several parliamentary committees, held as part of ongoing confirmation hearings for the cabinet.

“Georgian economy is developing in very difficult conditions. I mean the foreign factors faced by us,” Gakharia said.

“But we are not in the position to blame foreign factors for everything; there are certain internal moments, which also hamper economic development and these challenges should be addressed adequately,” he said.

Government’s forecast for 2016 economic growth stands at 3%, but the International Monetary Fund that visited Georgia on November 15-22, reduced this forecast to 2.7%. Economy grew 2.6% in the first nine months of this year, according to Geostat.

Gakharia also said that in the capacity of the minister he will focus on improvement of business environment, including through the involvement of private sector in legislative process and easing administration that “should be a permanent process.”

“Foreign direct investment acceleration and creation of business environment that will promote attraction of investments is utterly important for us,” he told lawmakers at the committee hearing.

He also said that the country should fully unleash its export potential in frames of DCFTA with the European Union and free trade agreement planned with China.

Among other priorities Gakharia also named tourism promotion, transport development and prolongation of those state programs, which “promote entrepreneurship.” 

Government will face confidence vote in the Parliament on November 26. 

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 © 2001-2025, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
7