Tuesday, October 15 2019 17:03
Naira Badalian

Giorgi Gakharia: The region needs peace

Giorgi Gakharia: The region needs peace

ArmInfo.The best indicator of the level of relations between countries is the economy. Armenia and Georgia recorded significant progress in this matter. Georgian Prime  Minister Giorgi Gakharia stated this on October 15 following talks  with his Armenian counterpart Nikol Pashinyan.

In particular, according to Gakharia, he and his Armenian counterpart  discussed cooperation in the field of transport, energy and culture.  The parties also touched upon regional issues. They stated that peace  in the region is most important in order to concentrate on the  economy and enable citizens to live with dignity.

As the Georgian prime Minister pointed out, territorial integrity is  important for Georgia. "We will support each other in this matter,"  he said. The parties also agreed to strengthen relations at  international sites. "I am convinced that today's visit will be a  step forward to deepen bilateral relations," Giorgi Gakharia  concluded.

It should be noted that according to the RA Statistical Committee,  the foreign trade turnover between Armenia and Georgia in 2018  amounted to $ 138.9 million, with a y-o-y decline of 42.4%. At the  same time, exports amounted to - $ 68.7 million with a y-o-y decline  of 55.1%, imports - $ 70.1 million, a decline of 20.4%. Between  January and August 2019, trade between the countries reached $ 91.9  million, with an increase of 5.1%. At the same time, Armenian exports  grew by 16.4% to $ 45.9 million, while imports fell by 4.3% to $ 46  million. According to data from January-March 2019, the net inflow of  investments from Georgia to the real sector of the Armenian economy  amounted to - $ 1.6 million, including the gross inflow of FDI  amounted to $ 3 million. According to the information of the state  register of legal entities in Armenia, as of April 1, 2019, 342  companies with Georgian capital were registered in the RA.

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