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Finance Ministry Revises Economic Growth Forecast

Published: September 10, 2013 | 1:07 pm
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The Finance Ministry has revised its economic growth forecast. According to the Finance Minister Nodar Khaduri, expectations are high with regards to an increase in investments before the end of the year, making it possible to achieve a 4% growth for 2013. He adds that Georgia will become one of the most attractive locations for investors. Economics expert and IliaUni Business Review researcher Irakli Lekvinadze has slightly lower expectations, predicting a 3% growth.
According to the preliminary National Statistics Centre data, the volume of direct foreign investment during the second financial quarter was $232 million, which represents a 7% increase on the figure from the same period last year.

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