Prime minister says foreign investment creating jobs
By M. Alkhazashvili
(Translated by Diana Dundua)
(Translated by Diana Dundua)
Tuesday, April 1
Government attempts to tackle unemployment this year include aiming for USD 2 billion in foreign direct investments, an influx of capital that Prime Minister Lado Gurgenidze says will usher in thousands of new jobs.
For every new job created there needs to be USD 25 000–50 000 in investments, Gurgenidze said on a Rustavi 2 talk show broadcast in January.
Therefore the government hopes that USD 10–20 billion will be invested in Georgia over the next five years and some 200 000 new jobs created, which the prime minister says will go a long way to fulfilling President Mikheil Saakashvili’s campaign pledge to eradicate poverty.
On March 27 Gurgenidze said that already USD 500 million has been invested in Georgia this year, which suggests Georgia is back on track in terms of attracting investors following the politically tumultuous last few months of 2007.
For every new job created there needs to be USD 25 000–50 000 in investments, Gurgenidze said on a Rustavi 2 talk show broadcast in January.
Therefore the government hopes that USD 10–20 billion will be invested in Georgia over the next five years and some 200 000 new jobs created, which the prime minister says will go a long way to fulfilling President Mikheil Saakashvili’s campaign pledge to eradicate poverty.
On March 27 Gurgenidze said that already USD 500 million has been invested in Georgia this year, which suggests Georgia is back on track in terms of attracting investors following the politically tumultuous last few months of 2007.