On December 1, 2011 was held the meeting of the Georgian Government. The agenda included 100 items.
Before the meeting started, the Prime Minister of Georgia, Nika Gilauri talked about macroeconomic parameters. We present the Prime Minister's speech:
"Good day. I would like to give members of the government and the public a piece of information on macroeconomic figures. We have results of 11 months with respect to inflation, as well as results of quarter 3 related to direct investments.
Inflation of November was 19%, I mean 12 month inflation. Compared to November of the last year, prices are increased by 1.9% in total. This is one of the lowest indexes in our Region as well as for Georgia.
As you know, inflation reached its peak - 14.2%-14.3% - in May. Then, as we expected, the inflation index dropped and amounted to 1.9% in November.
Index of direct investments is very important to us. This points out, how big the trust of international investors to Georgia' economy is. In quarter 3, a record high figure - 256 million dollars was shown, which amounts to the highest figure since the crisis of 2008.
It is good, that there is a trend of growth and total sum of index of three quarters amount to 633 million dollars. This is one of the highest indexes in our region with respect to the Gross Domestic Product as well.
This is particularly to be mentioned that these figures and high flows are shown when there is a hard economic situation in the world, economic crisis in Europe and investors are searching for new markets to make investments.
At the moment, Georgia is becoming one of the attractive markets and I hope that investments will continue to be made in the future as well, that will be expressed in creating new jobs."
Prime Minister's Press Service