The Georgian government’s plan to deal with the economic crisis caused by the Corona virus

According to Prime Minister Georgy Gakharia, the Georgian government’s nomination for a no-confidence vote is part of the government’s proposed short-term priorities for achieving positive outlook and ensuring economic growth. as follows:

1. Minimize the negative effects of the Corona virus epidemic
2. Rapid recovery of positive Pre-epidemic trends by assisting affected areas
3. Support purchasing power
4. Improving the effectiveness of social support

In addition, over the next four years, the government plans to focus its efforts on improving Georgia’s competitiveness in the region and the world, increasing exports and attracting investment. At the same time, the country intends to create a stable macroeconomic environment to attract investment in order to reduce unemployment in the country.

The future plan of the Georgian government

According to the government’s economic plan, Georgia plans to expand its free trade area and conclude similar agreements with Israel, India, the United States, South Korea and the Gulf states. In addition, the government promises that the country’s investment policy will be reshaped. In the post-epidemic period, Georgia will move towards an active policy of attracting foreign investment. The country will be in a new position. At the same time, mechanisms for coordinating investment activities with both central and local authorities are strengthened. A new law on entrepreneurs will be adopted that reflects the requirements of the relevant EU regulations set out in the agreement with the EU and its annexes. Thus, the rights of Georgian cooperatives are approaching those of the EU economy. In order to create a competitive business environment, the government will gradually cede parts of the economy that are capable of operating and developing independently.

Cost of infrastructure development

Georgia intends to maintain its position as a regional center and to this end intends to improve its infrastructure. According to the government’s plan, more than 20 billion lari will be spent on the development of the country’s infrastructure over the next four years. More than 200 Kilometres of highway will be built with 200 bridges and 70 tunnels. Also, waste management in the country will be done in accordance with European standards. Home waste collection services are being improved throughout the area.

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