Georgian PM discusses trade, investment prospects with new Eurochambres President
Georgian Prime Minister Irakli Garibashvili on Tuesday hosted Vladimír Dlouhý, the newly appointed President of Eurochambres, who also heads the Czech Chamber of Commerce. Photo: Government press office
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Georgian Prime Minister Irakli Garibashvili on Tuesday discussed trade, export markets and his country’s investment potential with Vladimír Dlouhý, the newly appointed President of Eurochambres, the Association of European Chambers of Commerce and Industry.
In the Tbilisi meeting, the head of the Government also highlighted the country’s “unique geopolitical location” and said his team was taking actions to strengthen Georgia’s role as a regional trade, digital, transport and logistics hub, the Government press office said.
The Head of the Government congratulated Dlouhý on his appointment as the President of Eurochambres and wished him success in his future endeavours.Video: Government press office.
Beside leading the Association, one of the largest business representative organisations in Brussels, Dlouhý also heads the Czech Chamber of Commerce.
Established in 1958, Eurochambres currently represents over 20 million businesses in Europe through 45 members and a European network of 1,700 regional and local chambers.
The organisation says more than 93 percent of these businesses are small and medium-sized enterprises, with its members employing over 120 million people.
Georgian external trade turnover amounted to 14.31 billion USD in 2021, which is an increase of 25.6% year-on-year, express data from the National Statistics Office of Georgia (Geostat) show.
The Georgian economy is projected to grow 5.5% in 2022 and 5% in 2023, the January edition of the World Bank’s report Global Economic Prospects 2022 says.
Georgia’s "sound economic management" and "good business environment" will continue to support economic activity, but further reforms will be required to keep the gross domestic product growth between 4-4.5 percent, according to the World Bank’s Country Economic Memorandum for Georgia, released on Tuesday.
Georgian Prime Minister Irakli Garibashvili stated earlier today that the Georgian government has ‘significantly improved key fiscal parameters’ due to rapid economic recovery, adding that the Georgian government will make a decision this week which will ‘significantly reduce the cost of medicines.'
The implementation of reforms for meeting the European Union conditions for granting Georgia its membership candidate status was discussed on Tuesday in a meeting between the Georgian parliament Speaker Shalva Papuashvili and Co-rapporteurs of the Monitoring Committee of the Parliamentary Assembly of the Council of Europe.
Crown Princess Victoria of Sweden will visit Georgia from Wednesday to Thursday, meeting Georgian President Salome Zourabichvili and the European Union Monitoring Mission in the country, the Swedish Embassy has said.
The cooperation between Georgia and the Parliamentary Assembly of the Council of Europe and the agenda of democratic reforms carried out in the country were discussed on Tuesday in a meeting between the Georgian Prime Minister Irakli Garibashvili and Co-rapporteurs of the PACE Monitoring Committee.