First meeting of Investors Council held in Tbilisi

The Government of Georgia leadership are striving to attract more foreign investments to help Georgia on its path of reforms and assimilation into Euro-Atlantic structures.

Today at the first Investors Council meeting in capital Tbilisi, potential foreign investors learned about the benefits they could receive if they put their money into Georgia. 

The Investors Council meeting was attended by state officials, members of the local business sector and representatives of the European Bank for Reconstruction and Development (EBRD). 

The Council was created in May 2015 through a Government initiative. EBRD supported the action and helped bring together all of the major players in the global investment market to discuss Georgia’s investment prospects and ways to make Georgia more attractive for foreign investors. 

We created the Council and that is a step forward. The Council will help the Government, investors, businessmen and the non-governmental sector to exchange views to make Georgia’s current business environment more attractive. 

Local and foreign officials attended the first meeting of  the Investors' Council. Photo by Prime Minister's webpage. 

I hope that the Council’s activities will bring the relationship between the Government and business sector to a new, advanced level,” said Georgia’s Prime Minister Irakli Garibashvili today at the meeting.

EBRD Director for Caucasus, Moldova and Belarus Bruno Balvanera spoke about the necessity of ensuring Georgian legislation fully complied with European standards, which was an essential element of the Association Agreement (AA) Georgia signed with the European Union (EU) in June 2014.

The meeting saw speakers touch on the main challenges hindering the country’s investment potential and stress that dialogue between the Government and private sector, as well as certain reforms, were necessary. 

The forum participants concluded a large-scaled cooperation among major business players and the state leadership would promote better business and investments options for the country. 

Investors Council members include Georgian and foreign business associations, the Georgian Business Ombudsman and donor organisations who are actively involved in developing the private sector.