Under the leadership of Prime Minister Irakli Garibashvili, a recent meeting of the Investors Council took place in Georgia. Various topics related to ongoing reforms for Georgia’s European integration were discussed during this meeting.
The Council emphasized its involvement in these reforms, aiming to enhance the country’s economic prospects and attract foreign direct investment (FDI).
At the meeting of the Council, which was opened by Irakli Gharibashvili, the Deputy Head of Mission of the United Kingdom Embassy Claire Olbles and the Regional Director of the European Bank for Reconstruction and Development (EBRD) in the Caucasus Alki Vrenios Drakinos.
The Secretary of the Investors Council, Giorgi Cherkezishvili, informed the meeting participants about implementing the decisions made at the previous session and, in general, the dynamics of the Council’s activities.
Attention has been drawn to the favourable recommendation of the European Commission regarding granting Georgia a candidate status for European Union membership. The Prime Minister noted that this decision is historic and gives the country new opportunities.
The meeting participants discussed the involvement of the Investors Council in reforms on the way to Eurointegration.
The Participants in the session also discussed changes to entrepreneurship law, including business re-registration fees. By the decision of the Prime Minister, the re-registration will be postponed, and the government and the parliament will actively work on this issue.
The meeting also discussed the steps to promote the export of Georgian products to the EU and the availability of new financial instruments.
Among the issues discussed were the investment environment in the country, the economic progress achieved by the Georgian government, and those large economic projects on which the government economic team is actively working under the instruction of Prime Minister Irakli Gharibashvili.
Council Meetings by PM Irakli Garibashvili
In a previous meeting, the 16th Investors Council, chaired by Prime Minister Garibashvili, addressed critical issues such as economic recovery after pandemic-related challenges, investment in human capital, and the goal of making Georgia an attractive hub for global investors. Notably, Georgia achieved an unprecedented economic growth rate of 10.3% due to reasonable policies.
The 18th Investors Council meeting, led by Prime Minister Garibashvili, continued the dialogue on economic development and investment climate in Georgia 4. These efforts demonstrate the commitment of the Georgian government to foster economic prosperity and create an environment conducive to investment.