Georgian Dream’s five Prime Ministers and their economic solutions

Georgian Dream’s five Prime Ministers and their economic solutions

access_time2021-02-24 13:19:51

"Georgian Dream" changed 5 prime ministers in 8 years and 4 months. During this period, Georgia signed free trade agreements with the EU and China, abolished the tax on reinvested profits and increased the excise taxes on all goods (alcohol, cigarettes, vehicles) subject to the tax, improved the protection of property rights and introduced many regulations.


Economic growth under Georgian Dream has dropped by almost 50% compared to the previous period. The pandemic has reduced the country’s economy by 5%.


The first prime minister of the current government was Bidzina Ivanishvili, who took office on October 25, 2012. A year later, on November 20, 2013, he left the post.


This short period was a time of partial fulfillment of election promises - instead of the promised 50%, the gas tariff was reduced by only 10% but  only for those who consume a minimum and most of the population and business did not feel any change.


The program to support the agricultural sector failed to modernize agriculture, turned out to be short-term and was a social assistance.


Under Prime Minister Bidzina Ivanishvili, the universal healthcare program was launched, which, on the one hand, significantly increased the access of the vulnerable people to medical services, on the other, increased the budget spending.


Irakli Garibashvili  became the head of the Georgian government on November 20, 2013  and held this post until December 23, 2015.


During this period, the government launched the construction of the giant Neskra HPP which was planned to be completed in 2021, but its commissioning was delayed until 2025.


Irakli Garibashvili’s team developed the economic development program of Georgia "Strategy -2020" that  remained unfulfilled. During the same period, an Association Agreement with the EU was signed, but this was not his merit, since the work on the documents had been going on for many years.


On December 30, 2015, ex-Minister of Economy Giorgi Kvirikashvili became the Prime Minister, who held this post for 2.5 years. One of the  achievements of this period was the abolition of the tax on reinvested profits at the expense of  an increase in excise taxes, which led to a significant price hikes for fuel and cars.


In  this period, Georgia signed a free trade agreement with China, in the same period  the construction of the Baku-Tbilisi-Kars railway was also completed.


Giorgi Kvirikashvili was actually dismissed from his post on June 13, 2018, and  replaced by the ex-head of the Georgian Railway Mamuka Bakhtadze, who talked a lot about strategic plans, but was remembered exclusively for his activity on social networks.


His managerial abilities are clearly evidenced by a decline in  freight turnover of the railway from 20.1 to 10 million tons. But since 2019, when the leadership of the railway changed, the Georgia Railway saw growth again.


In October 2019 Giorgi Gakharia became Prime Minister, who led  the country during the pandemic, and all his activities, including the economy, are related to the opening and closing of the economy, quarantine, etc.


On February 22, the Georgian parliament appointed Irakli Garibashvili as prime minister, who promised to develop a development strategy for the next 10 years.


Similar News

Georgia’s wheat yields increased

access_time 2021-04-16 17:00:08

Georgia sees a decline in aviation oil imports

access_time 2021-04-16 13:30:21