Georgia has “unbelievable potential” says German economic expert

Germany is offering extra support to Georgia to help strengthen bilateral economic ties and improve the reputation and position of Georgian businesses in Germany.

An initiative for German experts to offer special trainings to Georgian managers was voiced today at a bilateral business event organised by the Georgian Embassy to Germany. The event aimed to introduce Georgia’s economic environment to German authorities and business community, so Georgia could attract more German investments.

Already Georgia’s relationship with Germany was strong and today this was reinforced. After learning about Georgia’s business climate, the German side positively assessed Georgia’s investment environment.

It is obvious that German companies’ interest towards Georgia has been increasing. However, we still need to support this number to increase further. For Germany, Georgia … is a country of unbelievable potential,” said chairman of the German Economic Association in East Europe Marcus Felsner.

"Georgia’s economic structure unlike other countries in the region is in line with Germany’s economic structure with is strong small and medium-sized enterprises. That is why we are real fans of Georgia,” he added.

Today’s event was attended by representatives of Germany’s Economy Ministry, the German Bundestag (parliament) and business community.

The envoy from Germany’s Economy Ministry came up with idea to begin trainings of Georgian managers in Germany in the near future, for the purpose of strengthening relations between German and Georgian businesses.

The professional development trainings will also help Georgian managers to better promote their businesses, products and services in German markets.

Detailed information about this initiative will be announced when the German delegation visits Georgia later this year.