Mr.Boris Iarochevitch, Deputy Head, Delegation of the European Union to Georgia in his interview to pickingalpha.com talks about strategically located Georgia and it’s economy. He gave insightful comments on current economic situation in the country which boasted with the high growth just few years ago, its currency, and strategic goals. In particularly, Mr. Boris Iarochevitch also described the Georgian Banking system and Financial Policies as those that obviously successfully departed from their Soviet past to operate now similarly to the Western systems. Even more to mention in this connection – IMF very highly ranked Georgia Banking System by naming it as one of the world’s best systems. No wonder therefore that many heads of Central Banks – including those from developed countries – have not hesitated to come to Georgia to study Georgian National Payment System and Settlement System.
Talking on economy of the country Mr. Boris Iarochevitch also touched some basic topics on Georgian gold mining and its gold reserves, as well as the state of exports from Georgia with the concentration on new markets for the country’s products that can be opened with the EU Trade Agreement. A detailed view is given on the immediate possibilities of success in Georgian economy and investments.