Georgia, Tbilisi, August 8 / Trend N. Kirtzkhalia /
The significant economic growth is expected to be observed in Georgia by the end of the year, chairman of the Georgian parliament David Usupashvili said on Wednesday.
Usupashvili made this statement on Wednesday after a meeting of the parliamentary majority with Minister of Economy and Minister of Regional Development and Infrastructure.
"The economy has begun declining since March last year and this decline continued each subsequent month," he said. "However, there will be great advance by late 2013."
According to him, the problems of businessmen launching their activity were one of the issues discussed at the meeting.
"We talked about the fact that the issue of delivering cheap loans for beginners in business remains an unresolved problem and that according to the minister, appropriate mechanisms will be created to regulate this issue by next year," the speaker added.
According to the forecasts of the Georgian government, the country's economy will increase by 6 percent by the end of the year, while international financial institutions reduced the forecast from 5 percent to 3 percent.
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