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Georgia needs regular investment

By Messenger Staff
Thursday, November 19
Economic analyst Emzar Jgerenaia has stated that the Georgian economy needs to grow 8-10% every year to reach the level of the average developed country in 20 years time. He thinks that to achieve this the country needs USD 3-4 billion external investment annually.

Jgerenaia added that according to his estimates our neighbour Russia needs USD 150 billion investment a year to reach the level of the average European country 15-20 years from now. If this does not happen, whatever the Russian leadership might claim the country will face collapse.