Georgia reveals its investment potential in US
PM Kvirikashvili meets investors in Chicago
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The country’s top official is shedding light on Georgia’s promising investment climate to businesses and investors in the United States (US).
Today in Chicago Prime Minister Giorgi Kvirikashvili met with representatives of US investment funds, banks and other potential investors and told them about the preferential business environment in Georgia and the benefits they would experience.
Kvirikashvili spoke about Georgia’s achievements of recent years and highlighted the important reforms implemented to develop the country’s economy.
The Georgian high official said his country’s investment attractiveness had improved immensely thanks to a number of reforms recently carried out. He assured his hosts that despite instability in the region, Georgia had managed to keep its economic growing and all areas of the economy were stable and open to foreign investments.
PM met with representatives of US investment funds, banks and other potential investors in Chicago today. Photo by Giorgi Kvirikashvili/Facebook.
Recent figures showed the number of Foreign Direct Investments (FDIs) increased 80 percent in 2014, totalling $1.83 billion USD.
Georgia’s strategically important location was another advantage Kvirikashvili highlighted, and he explained how Georgia could increase its role as a transit corridor country.
The Georgian high official also spoke of the new four-point reform plan, which included new tax benefits, infrastructure plans, governance reforms and an overhaul of the education system, as a way to increase economic development.
The United States will host an investment roadshow for local investors to learn about Georgia and its investment potential, connect Georgian and US entrepreneurs and increase trade ties between the countries.
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The Vice President congratulated Georgia on the remarkable progress the country has made in its 25 years of independence, emphasising that Georgia has become a leader in the region,” the White House said in a statement following the meeting.
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As part of his United States (US) visit, Prime Minister Giorgi Kvirikashvili met with representatives of leading US financial institutions in New York yesterday.
"Georgia is a small country but it is attractive for international investments – its market is open and its economy is liberal”.
Georgia is keen to boost bilateral ties with the United States (US) by promising to continue offering a favourable investment climate to businesses and investors.