Business Insider: "Investing in Georgia: Why the country is becoming the centre for foreign  investment"

  • The article in the business publication says there are "positive projections" for the Georgian economy due to "strong fundamentals, such as a stable business environment, liberal and free market economy and taxation policies that are friendly to foreign investment". Photo: Getty

Review by Mariam Papidze

Economic Editor

Agenda.ge, 23 Sep 2022, Tbilisi,Georgia

The German edition of Business Insider has published an article about investment opportunities of Georgia, saying the economy of the country had demonstrated "considerable resiliency" in the years following the Covid-19 pandemic and reviewing its business environment and tax policy. 

The article in the business publication says there are "positive projections" for the Georgian economy due to "strong fundamentals, such as a stable business environment, liberal and free market economy and taxation policies that are friendly to foreign investment". 

The country recently came seventh in the World Bank's ‘Ease of Doing Business Index’, for example starting a business takes only a few hours and requires only two documents and most of the state services have been digitised. Economic success is also promoted by the well-developed transport infrastructure and its ideal location. Georgia is particularly considered a strategic destination for investors and companies who want to be active in Eastern Europe, the Caucasus and Central Asia", the piece also notes.

Georgia’s financial sector, IT, business process outsourcing, electronics and vehicle parts manufacturing are mentioned as trending sectors of the national economy, along with the traditional investment sectors such as hospitality, logistics, energy, transport and construction.

The article also says the "simple and fair" tax system, Georgia's free trade agreements, "effective" government support and cultural diversity create "great potential" for investments.

Agenda.ge was one of the sources of the publication for the article, with 2021 GDP growth figures reported by the website in March used by the German edition of Business Insider for its piece.

Read more here.

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