World economic crisis not enters Georgia: Georgian President
Georgia, Tbilisi, Jan. 23 / Trend , N.Kirtzkhalia/
"Georgia is among the world crisis, as all our neighbors are experiencing it. But it has not yet affected Georgia," Georgian President Mikheil Saakashvili said in his televised speech aired by Public Broadcaster on Jan. 23.
"Construction has been stopped in Baku. I have been convinced of it. Although public budget is well organized in Azerbaijan, the world economic crisis seriously affected this country. Ukraine's current state is worse and suicides have become more frequent in the country," the president added.
Saakashvili recognized that staff reduction has begun in Georgia due to absence of loans and the world crisis. "But our banks preserve their stable states and generally, a financial state is stable, although loan issuing has been complicated," the president said and reminded that they are not in 1993 and 1994 when the whole financial system of Georgia collapsed.
"We have stable currency which creates conditions to resume loan activity in the country in April and May," Saakashvili said. He also stressed that Georgia does not have problems with budget unlike other countries. The budget functions and does not delay to pay salaries.
The head of the state expressed his confidence that international aid at $300 million will be directed to support banks. "Moreover, we have devised a program to stimulate economy which will enable us to prevent the crisis and its consequences, because crisis has not yet entered Georgia," Saakashvili said.
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