Friday, 25.04.14
+11.1°
Home|News|Programs|About us|Contact us|Advertisement on Rustavi 2|Club
Politics|Economics|Criminal|Sport|Culture | |

April 2014

S
M
T
W
T
F
S
1 
10 
11 
12 
13 
14 
15 
16 
17 
18 
19 
20 
21 
22 
23 
24 
25 
26 
27 
28 
29 
30 





You are visitor number:


TOP.GE
enlarge photo

Fitch Upgrades Georgia to `BB-`; Outlook Stable

15.12.11 18:09

Fitch Ratings has upgraded Georgia`s Long-term foreign and local currency Issuer Default Ratings (IDR) to `BB-` from `B+`. The Outlooks on the ratings are Stable - Georgian Prime Minister Nika Gilauri and the Minister of Finance, Dimitri Gvindadze reported at the press conference today.
According to PM, the company has considered the fact that Georgia has the tendency of foreign debt reduction, investments are made in infrastructure, export is diversified and the business climate for investors is attractive.
"The upgrade reflects Georgia`s strong growth performance, the government`s progress in reining in the fiscal deficit, a reduction in inflation and a rise in foreign exchange reserves," says Charles Seville, Director in Fitch`s Sovereign team.
Georgia has reduced its budget deficit to an estimated 3.7% of GDP in 2011, from 6.6% of GDP in 2010. The recently-passed 2012 budget targets a deficit of 3.6% of GDP and the high share of capital spending and the government`s current surplus gives it further flexibility if needed.
`Georgia is in the list of the countries, the ratings of which have been improved by Fitch ratings and this has occurred in the situation, when the ratings of other countries are falling gradually. This is a great success of Georgian government and the economics and it confirms the ability of the government to control these processes. We are represented as an attractive country attracting investments and naturally, this will encourage the process of making new jobs,` Gilauri said.

 

video clip photos print

MORE NEWS

ROYAL PHILIPS representative met with Georgian Prime Minister

22.04.14 11:52

The Dutch company ROYAL PHILIPS will open the regional service-center in Georgia - the chief executive director of the company has been hosted by the Georgian Prime Minister to discuss the plans of the company for Georgia. More...video clip 

PM met with businessmen from Belgium

17.04.14 13:58

The delegation of Belgian businessmen is visiting Georgia. Today, the Prime Minister of Georgia Irakli Garibashvili met with the first persons of the biggest business companies of Belgium. More...video clip 

Minister sreject allegations of opponents on suspended infrastructure projects

10.04.14 14:03

The members of the government have denied the allegations of the United National Movement on suspension of infrastructure projects. Ministers of Economics and Infrastructure, Giorgi Kvirikashvili and Davit Narmania have accused the opponents ...More...video clip 

PM hosts delegation from Qatar

01.04.14 12:07

The representatives of 20 leading companies, members of the Qatar Chamber of Commerce and Industry, expressed their wish to invest in various projects in Georgia. More...video clip 

Vano's Show

Comedy talk-show with famous guests, headlines and others

Comedy Show

Hilarious sketches with amazing performances of your favourite actors!

PM addresses WCO European Administrations

17.03.14 11:18

Georgia is hosting the conference of the Europe`s Regional customs administrations of the World Customs Organizations. The conference is attended by the representatives of 52 states. Prime Minister of Georgia opened the conference and addressed the participants. More...video clip 

Georgian PM sums up visit to US

13.03.14 20:10

Georgian PM Irakli Gharibashvili summed up his recent visit to the U.S. at the meeting with students at Tbilisi State University today. More...video clip 

Desperately looking for competent personnel: PM Gharibashvili

13.03.14 19:09

Reforming public agencies remains a priority for the country and replacing incompetent officials with professionals is planned to take place gradually, - Georgian PM said. More...video clip 

Georgian government to provide financial assistance for having 3 kids

11.03.14 18:07

The Georgian government intends to provide financial assistance for parents having three kids, the office of the prime-minister of Georgia reports. More...video clip 


  Full TV Guide
  Top Videos
Profile: Maya Asatiani
Nanuka`s Show: Rezo Chkhikvishvili
Choice: Russian Threat
X Factor

   
 

© 1994-2014 Rustavi 2 Broadcasting Company