“Without fundamental changes, Georgia will face hard times”- ex-president of the National Bank

“Without fundamental changes, Georgia will face hard times”- ex-president of the National Bank

access_time2021-02-22 12:30:35

“Without fundamental changes, Georgia will face hard times,” ex-president of the  National Bank of Georgia (NBG) Giorgi Kadagidze wrote on his Facebook page.

 

“I apologize in advance to everyone, but  we all should  realize that along with the political crisis in 2020 Georgia’s  economy contracted by 6%, in January foreign trade turnover declined 16%, the number of families receiving benefits from the state reached 146 000, the number of jobs fell by 25,000 in 2020, the total number of unemployed rose to 310,000, more than 50,000 people registered to go abroad.

 


The state and our total debt has reached an all-time high, 250 million people have been vaccinated in the world while in our country - none. Most likely, by early summer the United States will overcome COVID-19.

Against this backdrop, a one-party parliament approves a government that even the ruling party itself does not hope for. The country will face very hard times without fundamental changes, ” the former President of the National Bank writes.


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