'Georgia can be financial center in region'

Georgia has a great potential to become a financial center in the region, Georgian President Mikhail Saakashvili said at the opening ceremony of the cash center of the National Bank of Georgia.

"The construction of a large financial center will be launched in Batumi in 2013," he said. "Skyscrapers will be built. British law will act in commercial transactions in Lazika. We will make a very large experiment to get the maximum protection of commercial transactions, primarily for Georgian and, of course, foreign investors."

The president said that as opposed to seven percent economic growth index in 2011, Georgia has seven percent growth in the first quarter of this year.

"This means that by the end of the year we can get the eight-percent growth, which is one of the highest indices in the world," Saakashvili said, stressing that this success is stipulated by the reforms in the country.

He said that according to the world rating agencies, Georgia has the potential to enter the investment level in 2013 i.e. the BBB status. At present, Spain and India are deprived of this status.

"It is planned to construct 50 industrial enterprises in Adjara," Saakashvili said. We will have up to four million visitors this year, five million in 2013, then six and seven million in terms of tourism. Just think about how much can be done only in the tourism sector."


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