Georgian Economy Minister at 16th Batumi Int’l Conference:
‘We are interested in attracting more investments from the EU’
Georgian Economy Minister Natia Turnava participated in the panel ‘1st Eastern Partnership Investment forum: 10 Years after Prague’ in Batumi. Photo: Ministry of Economy.
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Georgian Economy Minister Natia Turnava spoke at a panel titled ‘1st Eastern Partnership Investment forum: 10 Years After Prague’ at the 16th Batumi International Conference, dedicated to the 10th anniversary of the EU’s Eastern Partnership initiative.
The conference opened earlier today in Batumi.
Turnava highlighted Georgia’s investment potential and business-friendly environment and said that “we are very interested in attracting more investments and business partners from the European Union not only in a big regional projects, but also in the level of SME development”.
Georgia has a variety of business opportunities to offer to those who seek new investment destinations, including our fast growing fields such as renewable energy, hospitality sector, development sector, logistics and other fields that might be potentially interesting for European businesses”, said Turnava.
The 16th Batumi International Conference, dedicated to the 10th anniversary of the EU’s Eastern Partnership initiative, opened earlier today in Batumi. Photo: Ministry of Economy.
Turnava noted that economic development, security and democracy are some of the Georigan government’s key values.
Since Georgia is not rich with mineral resources, the whole business model in Georgia is fully based on the openness idea, on providing better and more attractive opportunities for foreign direct investments, maintaining stable political environment and moving towards technology and knowledge driven economy”, she said.
Turnava stated that the economic policy of the government of Georgia is based on the principles of a free market with a special emphasis on private business development and on the macroeconomic stability.
She said that the government of Georgia continues the path of successful reforms, “which are oriented towards the structural transformation of our economy, increasing the savings and productivity of our economy and business and inclusive access to economic opportunities”.
Turnava said that Georgia is interested in attracting more investments and business partners from the European Union. Photo: Ministry of Economy.
Turnava noted several important ongoing reforms in Georgia, including upgrading infrastructure and strengthening trading integration to boost Georgia’s economic growth, education reform, pension reform and new laws on public private partnership.
Turnava said that Georgia’s path from top reformer to top performer continues and Georgia is a leader in the region in terms of economic growth.
According to all the latest estimates we will have the fastest growth in 2019 within the region with 4.6 per cent of GDP growth”, she said.
At the end of her speech Turnava said that Georgia has been consistently improving transport infrastructure to enhance regional connectivity as well.
European Council President Donald Tusk says that the decision of Russia to ban direct flights to Georgia was “disproportionate and unjustified.” He said that Georgia has shown “devotion” to democratic reforms and the rule of law many times.
European Council President Donald Tusk has arrived in Georgia to participate in the international conference in the Black Sea town of Batumi, dedicated to the 10th anniversary of the EU’s Eastern Partnership initiative.
The Batumi 16th International Conference, dedicated to the 10th anniversary of the EU’s Eastern Partnership initiative, will open tomorrow with an “unprecedented number” of foreign guests, including the president of the European Council Donald Tusk, Georgian Foreign Ministry reports.
The foreign ministers of Poland, Sweden, Bulgaria, Armenia, Hungary, Czech, Moldova and UK have met with top Georgian politicians to strengthen economic and political ties with the country.
“When I say Georgia, I mean freedom, when I say Georgia, I mean pride, when I say Georgia, I mean courage. You are a small country, but a great nation. You have achieved impossible things, because you were, despite all the differences, united around a common goal, that was a free, independent and modern state,” Tusk stated.
President of the European Council Donald Tusk has met with the founder and the head of the Georgian Dream ruling party Bidzina Ivanishvili and said that it was a “very interesting and inspiring meeting.”
“Only 10 months after the end of the Russian-Georgian War, we understood that we needed partners in the post-Soviet space and that the freedom of our allies there is directly connected with the freedom of the EU,” Petricek stated during the 16th Batumi International Conference.
The Batumi 16th International Conference, dedicated to the 10th anniversary of the EU’s Eastern Partnership initiative, has opened earlier today, with an “unprecedented number” of foreign guests, including the president of the European Council Donald Tusk, the Georgian Foreign Ministry reports.
UK-Georgia Business Forum was held in Georgia today in the framework of UK/Georgia 2019, which aims to deepen UK-Georgian business and trade ties.
Georgian Economy Minister Natia Turnava met with Malaysian parliamentary delegation led by Speaker of the House of Representatives Mohamad Ariff Md Yusof earlier today to strengthen economic ties between Georgia and Malaysia.