07.May .2021 12:00

Georgia needs investments - PM

 Georgia needs investments - PM
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The country needs investments, which means faster recovery of economy, more employment, more income for our citizens, - Prime Minister Irakli Garibashvili declared that while presenting former Vice-President of the European Investment Bank, Vazil Hudák, as Special Advisor for Investments.

"As you know, we are working on a plan to restore the economy in a difficult situation caused by the coronavirus. In this plan, of course, foreign investment will play a leading role for the future economic development of Georgia. The country needs investments, which means faster recovery of economy, more employment, more income for our citizens.

PM said Vazil Hudak is well acquainted with the Georgian economic team and would help with the plan to restore the Covid-19 pandemic-hit economy in the country rapidly.

According to preliminary data, the volume of FDIs in Georgia amounted to 616.9 million USD in 2020, which is down by 52.9 % compared to 2019.