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Economic Minister summed up year 2011

23.12.11 14:57

Minister of Sustainable Development and Economics, Vera Kobalia summed up the economic progress of Georgia in 2011, saying it was a very successful year for Georgia.

`In the sphere of economics, year 2011 was very productive for Georgia, because we are one of the two states along with Kazakhstan, the economic ratings of which were increased by rating companies. We are one of those few countries in the world, which had 6,5% economic growth this year and this growth will be directly reflected on the reduction of unemployment and the development of other directions in the economic sector,` the Minister said.

She also reported the growth of Gross Domestic Product index, by which the country is on the third position after Turkey and Estonia.

In addition, according to the ratings published by the Doing Business, Georgia has taken leading position among 183 countries in the following sectors - getting the construction licenses (fourth position), beginning business (seventh position) and taking loans (eighth position).

Georgia is on the second position with the corruption reduction index in 2011.

 

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MORE NEWS

Financial monitoring underway at Berta Company

29.01.13 17:46

The investigation service of the ministry of finance of Georgia is conducting a financial monitoring at the Berta Company. Berta is the largest manufacturer of household and personal care products in Georgia. More...video clip 

IS inspects documents at Medical Emergency Center

29.01.13 12:16

Investigation Service of the Ministry of Finance of Georgia carries our inspection at the Medical Emergency Center. The inspection was requested by the staff of the center, which has set up an initiative group. More...video clip 

Ex-Governor released on Gel 200, 000 bail

27.01.13 14:28

Tbilisi City Court ruled on Saturday to release former governor of Mtskheta-Mtianeti region Cesar Chocheli, who was arrested on January 24 on charges related to illegal entrepreneurship and money laundering, on GEL 200,000 bail.More...

Georgian delegation members to be issued Russia visas

26.01.13 20:43

Russian Foreign Ministry has instructed the Russian Federation interests section at the Embassy of Switzerland to issue visas for members of the Georgia delegation who intend to travel to Moscow for talks with the Federal Service...More...video clip 

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Finance Minister comments on CoE resolution on GPB

25.01.13 15:25

Minister of Finance of Georgia Nodar Khaduri has commented on the resolution adopted by the Parliamentary Assembly of the Council of Europe, which has disapproved the financial inspection at the Georgian Public Broadcast. Finance Minister says this process has not caused any problems to the work of the GPB.More...video clip 

Former governor of Mtskheta-Mtianeti region detained

24.01.13 21:09

Former governor of Mtskheta-Mtianeti Region Mr. Tsezar Chocheli has been detained on charges of legalization of illicit income and illegal involvement in entrepreneurial activities. More...

Georgian, Russian PMs hold brief conversation in Davos

24.01.13 20:22

Georgia`s Foreign Minister Mrs. Maia Panjikidze has confirmed that Prime Ministers of Georgia and Russia, Bidzina Ivanishvili and Dmitri Medvedev had today a brief conversation in Davos, where they are attending World Economic Forum. More...video clip 

Finance Minister denies UNM`s allegations about economic crisis

23.01.13 11:08

Minister of Finance of Georgia Nodar Khaduri has downplayed the concerns of the United National Movement secretary general about the danger of financial and economic crisis.More...video clip 


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