When the inflation rate in Georgia is approaching the rate of the Eurozone, it indicates that we are very close to the general trends of the region, - said the Minister of Economy and Sustainable Development, Levan Davitashvili. According to him, all this was reflected in the rating, and Fitch recently kept the country's sovereign rating at BB.
"The biggest challenge for us is inflation, which was at its peak in May last year, but already in January of this year, inflation started to decrease and became 9.4%, which is still very high, although it is close to the inflation of the Eurozone, which is always a benchmark for us and it is comparable, because the Eurozone is always in a stable state.
At a time when the rate of inflation in Georgia is approaching the rate of the Eurozone, it indicates that we are very close to the general trends of the region. All this was reflected in our sovereign rating, and you know that Fitch recently kept our sovereign rating at BB, but improved our outlook, which means that we should expect an improvement in the rating in the future assessment," said Levan Davitashvili.
In January, the inflation rate stood at 9.4%.
