Georgia's economic growth figure to likely drop 1.5 percent by late 2009: PM

Business Materials 1 June 2009 15:47 (UTC +04:00)

Georgia, Tbilisi, June 1 / Trend , N.Kirtzkhalia/

The economic growth rate in Georgia can drop 1.5 percent by late 2009, Georgian Prime Minister Nika Gilauri told journalists on June 1.

"The political crisis in the country has created many problems in the Georgian economy in the first half of the year," the premier said. "In particular, the losses occur in the investment field. Besides, some obstacles have emerged in the banking and import."

The premier said that the state plans to take some treasury obligations, in particular, to attract credit resources to 250 million lari from the banks, which will finance a number of social rehabilitation projects.

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