On March 21, 2007 was held the Meeting of the Government of Georgia. The agenda included 23 items.
Upon the beginning of the Meeting the Prime Minister of Georgia Zurab Noghaideli informed the attended that in 2006 the United States of America, the United Kingdom and Kazakhstan implemented in Georgia the investments in total amount of one billion 200 million USD that is about 14.5 % of the gross domestic product. This year we estimate the investment in amount of about one billion 700 million USD that will be about 21% of the gross domestic product. Such dynamic is of a very great importance.
Past year, said the Prime Minister of Georgia, the rate of growth of the gross domestic product made up 9.4%. The most noteworthy is the financial sector where the rate of growth had increased by more than 30% within the last years and in the past year it was fixed at 39.4%. Noteworthy also is the mining industry as well as the processing industry where past year in spite of the difficult conditions for agriculture the growth rate exceeded 20%. Such indices were achieved against the background of the ban imposed by Russian federation. This year our goal is to make so that the rate of growth of the gross domestic product exceed the two-digit figure.
The Prime Minister of Georgia informed the attended that past year the foreign currency reserves of Georgia for the first time attained and exceeded one billion dollars. Indeed, noted he, this is a very low indicator in comparison with high-developed countries but one billion USD is a considerable currency reserve and this year we shall make serious steps for its growth.
Proceeding from the goal of attraction of more investment capital and, consequently, acceleration of the rate of development of the economy, the Prime Minister of Georgia focused attention of the members of the Government, in the first turn, on the organizational measures, implying participation in the investment forums and promotion of reforms carried out in the country for foreign investors under the proper plan to be prepared by the Ministry of Economic Development. However, the main goal, according to the order of the Georgian President will be making amendments to the Tax Code after which it will be simplified much. Since now the Government of Georgia starts the discussions in connection with simplification of the Tax Code, there will be carried out consultations with representatives of the business sphere, to other persons, and in the end of April the draft law of Georgia On Making Amendment to the Tax Code of Georgia will be presented to the Parliament of Georgia, - stated the Prime Minister of Georgia.
Press Center of the Chancellery of the Government of Georgia