Georgia among countries with average income level, WB says

Photo: Georgia among countries with average income level, WB says
 / Georgia

Tbilisi, Georgia, April 24

By Nana Kirtzkhalia - Trend:

Georgia is among the countries with average income level, Henry Kerali, the World Bank (WB) Regional Director for the South Caucasus said.

"However it is important for the country not to stay in this trap," according to him.

Kerali made these remarks on Thursday, April 24 during the opening of the Innovations Week held at the 'Expo Georgia' exhibition centre.

"This event is once again shows that Georgia has very great potential in development of innovations and technologies. Focusing on innovations is a necessity, but not a luxury," Kerali said. "This will really provide the country with an opportunity to take a place in a competitive economy, and a competitive environment will make it possible to create new jobs."

He also said the WB will continue supporting Georgia's innovations sector in the current financial year.

Translated by E.A.

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Tags: Georgia