According to the Prime Minister of Georgia, international reserves of the country are currently at their historic maximum.

“Current account deficit is at its historic minimum. Gross Domestic Product (GDP) – economy of the entire country – is at its historic maximum. Per Capita GDP has also reached its historic maximum at 8000 USD already this year. Unemployment and poverty are at their historic minimum. Price reduction continues on medication, food, fuel, etc. We also had preliminary talks with bakeries and have an expectation that price drop on flour will be reflected in bread prices. Prices on flour have been reduced significantly. Thus, it should be reflected in a price charged for a loaf of bread. Otar Shamugia [Minister of Agriculture] already spoke with entrepreneurs within the sector and we have positive expectations.

Overall, I wish to tell you that this year we expect quite positive developments. We also plan rather large projects to be launched, e.g. construction of the Anaklia Port. We want to start the works this autumn. Also, we have serious plans towards airports, because we wish to develop and seek an agreement on a new project by the end of the year. We are keen to have one of the best airports in the region. Construction of this new one will require 2-3 years. It also envisages an investment in the volume of several hundred million dollars. Airport and marine port, roads, hydro power plants – small and large – list of infrastructure projects continues. It will be a direct bonus and will additionally boost our economic growth – already high one. These are our indicators for the nearest year and coming ones”, - said Irakli Garibashvili.