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Georgian PM sums up macroeconomic indices in 2010

Business Materials 28 December 2010 18:24 (UTC +04:00)

Georgia, Tbilisi, Dec. 28 / Trend N. Kirtskhalia /

In 2010, Georgia registered high economic activity. The annual rate was 6.5 percent, Georgian Prime Minister Nika Gilauri said at a governmental meeting this year, by summing up the macroeconomic indices as of 2010.

The export increased by 35 percent.

The deposits in the banking sector are increased by 27 percent. The loan portfolio was fixed at 18 percent.

"It is a bad index. It would be better if there were more private direct investments. I hope that it will happen in 2011. This year, foreign incomes replaced private investments, but, unfortunately, their volumes were not so great. It was desirable to improve the rate of inflation. This year, the inflation rate amounted to 10.5 percent, but today everything is being done to halt the rise in prices, " he said.

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