The Governor of the National Bank of Georgia (NBG) Koba Gvenetadze names the factors, which are necessary for rapid economic development of Georgia.
According to him, two things are necessary for rapid economic development, these are: correct macroeconomic policy and good business environment.
"I am a macroeconomist and I believe, that two things are necessary for rapid economic development - one factor is controlled by the country, while the other is not. These are: correct macroeconomic policy and good business environment. Jointly, these two things enable the country's economy to develop rapidly. Of course, all these need to be promoted. This requires road shows, taking the country's capabilities out and talking about the fact that we are here, come and invest... As for the second factor that is not in our hands - this is the geopolitical situation. Unfortunately, I don't have an answer to this, but this is what worsens the risk premium of the region, of course, it is also a problem for our country, and if it is solved, it will be better", - Koba Gvenetadze said.
