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• Economic Council meeting led by Prime Minister Irakli Garibashvili

  The Economic Council’s meeting, led by Georgian Prime Minister Irakli Garibashvili, was held today at the Government Administration.

  The members of the Economic Council discussed large ongoing and planned economic projects, also the infrastructural projects underway on the instructions of the Prime Minister.

  The 2023-2028 Urban and Resort Development Program was also discussed at the meeting, and Minister of Regional Development and Infrastructure Irakli Karseladze briefed in detail the Head of Government and the meeting’s participants on this program. It was noted that ten tourist destinations had been selected for rehabilitation at the initial stage. The special importance of developing destinations for the country’s economic progress and stimulation was underlined.

  The conversation touched on the high rates of economic growth. It was pointed out that, despite the situation in the region and global challenges, Georgia’s economy maintains sustainability, and a high growth of economic activity is in place.

  Notably, the trend of a high economic growth in 2022 continued in January 2023 as well, with the month’s growth rate reaching 8.4%. In parallel with high economic activity, a drop in inflation—which is a global post-pandemic challenge—is also evident.

  Attention was paid to FDIs. It was noted at the meeting that the volume of FDIs in 2022 grew by 61.1% to make up 2 billion USD, which is a historical maximum of FDIs made in the country so far.

  Press Service of the Government Administration