Madneuli

He visited an administrative boundary with breakaway S.Ossetia, or as he put it, 'line of occupation'.

The government debt was USD 3.6 billion as of September, according to central bank.

The agency has also signed a cooperation memorandum with central bank.

The cabinet assembled at the Government`s Chancellery to review the year`s economic progress and listen to the reports by Minister of Sustainable Development and Economics Vera Kobalia and Minister of Corrections and Legal Assistance, Khatuna Kalmakhelidze.

Prime Minister made a brief report at the beginning of the session, saying the cabinet would assemble on December 30, to finally sum up the macro-economic data of the year, but he reported the preliminary data of the year`s macro-economic parameters. Nika Gilauri said the economic growth was very significant this year and it reached 6,5%; as for the inflation index, it was reduced from the two digits to 8,5%.

Vera Kobalia hailed the economic growth in the country with 6,5%. She said the economic progress was confirmed by various international rating companies. She said Georgia was one of the two countries along with Kazakhstan, whose ratings were increased this year, while the ratings of many western countries were reduced.

Foreign Minister Grigol Vashadze has also delivered a summarizing report. He emphasized the most important political achievements of the government and spoke about the challenges, which the country will face in the future. Minister said the agreement about the beginning of negotiations free trade and visa free relations with the European Union, visits of the European leaders, opening of 22 diplomatic missions abroad were most significant facts of the year 2011, however, he added one of the most topical problems in the country was the lack of qualified personnel.

 

Georgian government has signed a memorandum with a Chinese IT company HUAWEI, which envisages handing over 200 modern computers and data-centre system to Georgia.
This is the first donation of the Southern China`s largest high-tech company to Georgia, which should facilitate the development of IT technologies in the country.
The memorandum also implies cooperation for the IT industry development aimed at export.
Georgian Minister of Sustainable Development and Economics and the representative of the HUAWEI Company signed the memorandum today.