“The country and its citizens have been able and continue to manage the virus effectively, which is key to further rapid and effective economic recovery,” Georgian Prime Minister Giorgi Gakharia stated during today’s Cabinet meeting.
According to the Prime Minister, the effective management of risks related to virus spread is the only way for the country to stabilize the economy to ensure further rapid recovery.
“It is clear today that the Government and the Ministries must be ready for stabilization. Particular positive signs are already present in our economy, and activities beyond the tourism sector are clearly growing. Similarly, financial sector indicators are quite positive in terms of tax revenues and the current account balance. All that should be credited to the fact that we, the country and its citizens, have been able and continue to manage the virus effectively, which is key to further rapid and effective economic recovery,” Giorgi Gakharia said.
According to the Head of Government, activities have grown significantly in several areas, especially since the announcement of state support programs. Real estate sales have increased drastically in the past month, the Prime Minister added.
“As we have said repeatedly, we are fighting on two fronts, and we must always remember that the health of our citizens and virus-related risk management is the ultimate precondition for considering rapid economic recovery. Activities have grown significantly in several areas, especially since the announcement of state support programs-in the construction segment, for one. Also, real estate sales have increased drastically in the past month. We should also keep in mind that, despite our quite pessimistic projections-with the exception of reexport, which reflects the condition of our economy in the region-export has decreased by 6-7%, so our calculations have been more pessimistic,” Giorgi Gakharia stated.
The Prime Minister added that agriculture is developing equally dynamically, and more than 70,000 farmers have used state support programs.
PM instructed Levan Davitashvili to pay special attention to farmers during this grape and hazelnut harvest season.
“I would like to remind Mr. Minister that vintage season and hazelnut harvest are coming up, and that requires special attention. Last night, several villages in the Municipalities of Telavi and Kvareli were hit by hail, and we must pay special attention to our farmers,” the Prime Minister said.