Georgia’s investment potential top in region, BDO survey
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Georgia’s reputation as an investment friendly country is becoming more apparent.
The country has been ranked among the top 25 percent of countries for having an investment friendly country by BDO in its latest International Business Compass 2015 ranking.
The country was given an international ranking of 43 of 174 countries.
The 2015 result saw Georgia improve its ranking by five places compared to 2014.
BDO, one of the world’s largest accountancy networks, ranked countries on their investment potential by comparing them over several categories using measurable factors relating to labour market performance. Countries were compared in three main areas: economic, political-legal and socio-cultural.
Georgia ranked top in the Caucasus region as having the most investment friendly nation, followed by Armenia, who was ranked in 66th position; a drop of seven places compared to 2014.
Meanwhile other countries in the region and further afar also saw an improvement year-on-year. Turkey improved its position by 10 points compared to 2014 and now ranked 57th, Azerbaijan advanced its ranking by 13 positions and took 65th place, while Ukraine jumped 20 positions to gain a ranking of 89. Russia gained a ranking of 100th position in 2015, which was five higher than it 2014 score.
Switzerland was deemed to be the most investment friendly country, followed by Singapore then Hong Kong. The bottom three ranked countries were Democratic Republic of the Congo, North Korea and Sudan.
The BDO Compass 2015 is released annually and updated with the latest available data, including global direct investment trends by country and by industry.
See the full report here.
Georgia is a successful, ambitious nation with many opportunities for further development and growth, believes the country’s Prime Minister Irakli Garibashvili.
The Government of Georgia and the European Bank for Reconstruction and Development (EBRD)are uniting to promote investments in the country.
The European Bank for Reconstruction and Development (EBRD) is asking the public to share why they believe Georgia is special with the rest of the world through a new photograph campaign using the hashtag #Georgia15.
Turkish investors are showing an interest in Georgia’s western Adjara region.
The benefits and potential of Georgia's investment market have been highlighted to the Dutch business community at a meeting today.
Georgia’s economic relationship with the rest of the world is improving, notes the National Bank of Georgia (NBG).
Georgia’s financial debts are decreasing and its international assets are increasing, says the National Bank of Georgia.
Georgia is taking measures to make less developed areas of the country attractive for investors, and to do this the Government is offering incentives for investors.
"Georgia is a small country but it is attractive for international investments – its market is open and its economy is liberal”.
"We are looking forward to investing in Georgia,” says a senior member of the Saudi ruling family, who is one of the most influential businessmen of the Arab world.