The Meeting of the Government of Georgia was held on 4 November 2009. The agenda comprised 24 items.
Before the Meeting started, the Prime Minister focused on a few issues.
"I'd like to inform the public about the macroeconomic indicators. The month of October has come to a close, the analysis has been made and I'd like the public to know a few figures. First of all, I'd like to touch upon the international as well as the domestic financial market - Eurobonds and the outstanding treasury bills. The month has been quite impressive in terms of the financial market performance. We issued Eurobond in April last year, with the par value of 100 USD. For some time, the price fell to 60 USD. However, this October ended so that the bond price not only got back to 100 USD but also exceeded it to hit 101,2 USD, marking a high level of confidence of international markets in the Georgian economy.
At this moment, the domestic financial market parameters are quite impressive. The interest rate of 6-month treasury bonds drops within each passing period, again showing a high degree of confidence on the local market. Today, the primary interest rate has dropped below 5% to reach 4.9%.
It would also be interesting to touch upon the actual market figures of October in terms of real estate and vehicle registration. These are the two indicators that reflect most clearly the actual market and consumption growth and drop.
This October has seen a record high figure in registration of vehicles, with the number of vehicle registrations reaching 14700 in October unlike the previous months, in which the number of vehicle registration had never exceeded 14000. The past month saw an increasing number in real estate registrations as well. September and October saw 32-33 thousand real estate registrations. All these figures are positive figures.
The economic growth rate has been maintained and the trend will continue in the future. In fact, there is much to do to make sure the private sector is activated and makes greater contribution to economic growth. Within the next one month, we'll be introducing certain other novelties to the private sector. We'll discuss these matters at the next Government Meeting," Nika Gilauri said.
Then, the Prime Minister asked Davit Tkeshelashvili and Gocha Khachidze to inform him about the natural disaster in Kakheti Region.
Davit Tkeshelashvili said that the situation is under control and that there is no need for panic.
On conclusion, Nika Gilauri touched upon the issue of swine flu, assigning Sandro Kvitashvili to hold the meeting of the health commission within the next few days to make sure the population is exhaustively informed about the situation in neighbouring countries as well as about the measures that our country has already taken and will be taking in the future.
Press Office of the Prime Minister