Georgian PM states about sharp increase in export
Georgia, Tbilisi, August 3 / Trend N. Kirtskhalia /
Georgian Prime Minister Nika Gilauri said about 40 percent increase in exports compared to the same period of last year, he said at a governmental meeting, summing up the economic figures during the first half of 2010.
"We have completed analysis of data for the first six months and got quite an interesting situation. By this time there are only preliminary data. We will give a more detailed analysis at the next meeting of the government," he said.
According to statistics, products worth $516 million were exported during the first half of 2009, whereas this year the same index amounted to $719 million.
Prime Minister also noted that economic growth since the beginning of the year in the second quarter may be fixed at 7.5 percent. "This is a very high figure for post-crisis state," he said.
He pointed out that commercial banks have substantially increased its loan portfolio for six months. In particular, Gilauri said that he was pleased with the activity of commercial banks.
"The credit portfolio amounted to 5.3 billion lari in early 2010. It increased by 5.9 billion lari ($ 1 = 1.84 lari) for six months. Moreover, the volume of deposits increased from 3.4 billion to 3.9 billion lari, " he said.