728x90
Home / Economy / BGEO: Economic Growth in 2018 will Be About 5%

BGEO: Economic Growth in 2018 will Be About 5%

The BGEO Group supervisory board chairman expects a 5% economic upturn in 2018. Irakli Gilauri told the Bonds&Loans that Georgia has attained a quite impressive economic upturn in January-September amid the regional tendencies.

Introduction of the so-called Estonian Model has preconditioned economic growth in Georgia, Gilauri added.

“We follow the right way. In 2018 the economic growth will be about 5% and tourism sector will have a leading position”, Gilauri noted. The state economy follows the right direction, however, it is still very small, Gilauri said.

The BGEO Group supervisory board chairman also commented on the contributory pension scheme and noted that the coming reforms will accumulate a new source of liquidity that will be directed to the capital market.

“Georgia is growing into a assets management hub and this will bring positive results to not only Georgia, but also its neighboring countries. Our banking sector is very strong”, Gilauri noted.