01.Jun .2021 11:30

We Expect Rapid Tourism Recovery - PM

We Expect Rapid Tourism Recovery - PM
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We expect rapid tourism recovery, - Georgian Prime Minister Irakli Garibashvili stated at the Cabinet meeting. The Prime Minister, in discussing tourism recovery, also emphasizing that the reopening of land borders from today will be another significant stimulus toward economic recovery.

"We expect rapid tourism recovery. Naturally, the reopening of land borders will be another significant stimulus toward our economic recovery. The new fiscal plans presented today also project a 7.1% reduction in the budget deficit. The Finance Minister will discuss this issue in detail. I must also emphasize the role of political stability in economic life. Political stability is also very important to our private sector, for attracting investors. The Eurobonds issued about a month ago with a very low interest rate are yet another illustration of investors' trust. All that is indicative of rapid economic recovery and comes across as great news," the Head of Government underlined.

While discussing April's economic growth indicators, Irakli Garibashvili commended it as a result of the Government's correct policy.

"It is a result of the Government's correct policy and steps taken by us. Extremely positive attitudes are found in business, and very positive expectations, also an important factor. As the Minister pointed out, growth is present in almost every direction, and it is very important, of course. Our task is to promote tourism recovery further. Our latest decision to reopen our land borders also serves the same purpose, and we expect to continue working with this positive dynamic," the Prime Minister concluded.