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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Tbilisi, March 24 (Xinhua) — Georgia offers the international community a stable and predictable environment for investment and business development, a key indicator of which is the stability of the financial sector and the strength of the national currency. Georgian Prime Minister Irakli Kobakhidze stated this on Tuesday, speaking at an international capital markets conference in Tbilisi.
According to him, according to forecasts from the International Monetary Fund, over the next five years, Georgia could demonstrate the highest average economic growth rate in the region and among European countries – about 5.1 percent per year.
I. Kobakhidze also noted that, according to the World Bank, Georgia's business environment is among the four best in the world by 2025.
As the Prime Minister emphasized, the country ranks highly in a number of key business indicators, including second place in the world for dispute resolution efficiency.
"Just ten years ago, a significant portion of the population's bank deposits were denominated in foreign currency, but this figure has now declined significantly thanks to consistent economic policy and growing public confidence," said I. Kobakhidze.
He also noted that the high level of investor confidence was confirmed at the beginning of this year during the placement of Eurobonds, when demand for Georgian securities exceeded supply by 5.5 times, despite the ongoing volatility in global markets. –0–
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