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Georgian PM satisfied with economic indices of first quarter

Georgia Materials 18 June 2012 18:17 (UTC +04:00)
Georgia's economic growth in the first quarter of 2012 was 6.8 percent, Georgian Prime Minister Nika Gilauri said at a government meeting today.
Georgian PM satisfied with economic indices of first quarter

Georgia, Tbilisi, June 18 / Trend N. Kirtzkhalia /

Georgia's economic growth in the first quarter of 2012 was 6.8 percent, Georgian Prime Minister Nika Gilauri said at a government meeting today.

"This is a good index not only in the region, but throughout the world where there are still consequences of the financial crisis," he said. "So, Georgia is moving ahead and our country's economy is growing."

He also said that the growth of Georgia's foreign trade turnover was 19-20 percent for the first five months of this year. This is a good index.

"The export growth was fixed at 21 percent, while import growth - 13 percent," he said. "This shows that Georgia is gradually expanding its export potential."

Gilauri expressed satisfaction that $ 270 million were invested in Georgia in the first quarter of 2012.

"In this respect, the growth of investments from Germany encourages," he said. "This shows that the businessmen of such a strong country are interested in our investment market. The confidence in our country is growing."

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