Georgia overcame economic crisis, says Saakashvili

Speaking at a live televised government’s session in a resort of Lopota in Kakheti region, Georgian President Mikheil Saakashvili said that Georgia had overcome the sharpest phase of economic crisis, Civil Georgia reported. We can feel revival in many sectors, but primarily this is manifested in the return of investor confidence, he added. He pointed out that Eurobonds have gone down in price below the level that was recorded in their issuance and now this index hit 7.2 percent, which would boost investor confidence. The economic recovery was also reflected in the increasing number of registered cars particularly in October and increased real estate market. The apartment prices started increasing in Batumi and Tbilisi, the president said. But prices have not reached the pre-crisis period, so who wants to buy an apartment, must hurry up, Saakashvili said.