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Georgia in World Media

10/27/2010
CNBC had an interview with President of Georgia

Hello! so, you are one of the first member during the World Economic Forum of the Middle East.

First of all, we neighbor the region wider in the Middle East and we have lots of investors here, actually they feel very comfortable in Georgia and then it is one of the general notions. Yesterday I have been at the panel ,where they have been saying: What are the things needed to make any region successful ? Actually out of ten or nine indicators , we almost met all of them , I mean we were there, yet we were not the only ones. I mean we are on the right way , we are number one place according to the World Bank in terms of easing of doing business , in the Central Europe and Post-Soviet space. We used to be below the hundreds in the whole world , right now we are eleven, hoping to get to top ten within a few days . We are one of the least corrupt places in Europe according to EDRD and other indicators. In the place we are the people who do those right things and actually we are becoming actually very very important harbor which does the shortest way to the Northern China, Central Asia , to most of the European destinations and also we are in the half of the South and North .

The projects you are looking at, the developments you are looking at and partners, and things like that what particular areas you are interested in when you look at Middle East players at the moment?

First of all we have very diverse economy . Georgia is not a big country, but it is very strategic place. So investors are coming into infrastructure, tourism, energy-sector, trade , agriculture, all of them And the point is here that this year we'll have 6% growth according to the IMF, next year I hope to get to 7-8, but then we should be back to double-digit , as we were to do with crices, which certainly hit, but much less than it did in the other countries of the region, in comparison to our neighbors. I am saying 80% of it is investment tool. Georgia has been the huge political pass in the past . And it still is. If people are still coming to invest it means that it is a safe place in non-term outlook , and this is a touristic harbor for the region. It is combination of factors , easier place to be in, safer place , five less with crime rates , than in Russia and Ukraine . The US has said we are the second safest country in Europe, for these corrupts in Europe. So it is also a nice place to be in.

Where do you see we are on the global cycle of recovery? we have been talking about these reforms

I've been always very reluctant to jump to any conclusion, because people like. Star economies have been changing their forecast with this speed of astrologist . That is one thing I understood. And those things are totally unscientific. One thing is clear , the country is emerging very well. And there are countries which are so badly damaged by the crisis that there are high prices in infrastructures and in a number of sectors . Look at my country . We went through full-scale embargo from our main trading partners, full-scale energy-embargo on energy export. Now we are exporting, instead of importing . Full-scale trade embargo made our trade diverse , then we went through crisis and still we are growing, what is the main story, we have made the government to be efficient. For people who are coming in this region and who says that he has a problem, this is an amazing asset .We should simplify these difficulties and be committed to the efficiency on the long-term vision for the future .

-Hopefully not too much ambiguity

No, we don't need ambiguity . There is always ambiguity and it has always been in today's world . The point is to be efficient at achieving these goals .

Thank you very much.




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