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Ekaterine Mikabadze: Positive Trends that Recorded since the Beginning of Year are Still on Agenda

According to the preliminary assessment, Georgia’s economic growth in September 2018, compared to the same period of 2017, equals to 5.6%, while the average economic growth in January-September 2018 is 4.9%.

According to Ekaterine Mikabadze, the Deputy Minister of Economy and Sustainable Development, significant growth was recorded in the field of processing industry, as well as in such sectors as finances, trade, transport, real estate, hotels and restaurants. In September 2018, the turnover of the enterprises registered in Georgia, compared to the same period of the previous year, is increased by 10.4%, while the number of newly registered enterprises equals to 4 071. This September, the turnover of the enterprises, which are observed in order to evaluate the economic growth, is increased by 10.4%.

“This indicator of economic growth is caused by the increased foreign demand, despite the relatively negative situation in the region, as well as improved domestic demand for both investments and consumption,” – Ekaterine Mikabadze said.

As for the economic growth in September compared to August, the Deputy Minister of Economy and Sustainable Development noted that the preliminary assessment of economic growth is characterized by fluctuations: “Periodic changes in the country, including changed regulations, as well as single factors , of course, has an impact on the economic activity and leads to fluctuations.”

In addition, Ekaterine Mikabadze stated that positive dynamics, which are recorded in the Georgian economy from the beginning of the year, is still on the agenda. “Positive trends that has been recorded since the beginning of the year are still on the agenda, which is confirmed by the assessments of the international financial institutions and the rating companies,” – the Deputy Minister of Economy and Sustainable Development, Ekaterine Mikabadze stated.