The President of Georgia opened the new vault of the National Bank today. He addressed the gathered audience and spoke about economic development. Mikheil Saakashvili noted that Georgia must become a financial center of regional meaning and the government is planning relevant projects in order for this to happen. The Head of State also drew attention to sophistication of the credit system and noted that it is necessary to have low interest loans for development of midsize and small businesses.

“According to the latest statistical data, economic growth was almost 7 percent in the first quarter. We had this indicator for the entire year last year. 7 percent growth means that we can have a minimum of 8 percent economic growth at the end of the year – one of the highest indicators across the world. This is very important considering the ongoing processes in Europe. This is what our reforms have given us. If our indicator becomes 8 percent this year then by our predictions we will have a 10 percent or higher growth next year. This means that Georgia has a firm frame of development” – stated the President of Georgia.

Georgia is the first country in the post soviet space where a vault equipped with modern technologies has been built. High tech programs of logging operations and central control will be adopted at the new vault. The high tech equipment installed at the vault will decrease the possibility of counterfeit money circulating in the system.