Kiknavelidze stated that this year the ongoing processes in the region have had the biggest impact on the economy of Georgia. For this reason, the main negative impact comes from Georgia’s biggest trading partner. Despite this, “the outflow of capital from Turkey due to the crisis, can be used as an opportunity for Georgia” – says Kiknavelidze.
The General Director of Bank of Georgia regards the liberal economy as a competitive advantage for Georgia.
“We have no capital limits whatsoever. There is a very transparent and correct monetary policy here. Despite the fact that we have a small economy, if we look at it in a 10-year and 20-year perspective, we can consider the Georgian Lari the most stable currency in the region. It has to be also said that the tax regime here is very attractive as are the low levels of bureaucracy and corruption. Considering this, we can say that today we have the most liberal economy in the region.” Stated Kiknavelidze.
