Georgian Economy Minister at 16th Batumi Int’l Conference:
‘We are interested in attracting more investments from the EU’

Georgian Economy Minister Natia Turnava participated in the panel ‘1st Eastern Partnership Investment forum: 10 Years after Prague’ in Batumi. Photo: Ministry of Economy.

Agenda.ge, 11 Jul 2019 - 14:07, Tbilisi,Georgia

Georgian Economy Minister Natia Turnava spoke at a panel titled ‘1st Eastern Partnership Investment forum: 10 Years After Prague’ at the 16th Batumi International Conference, dedicated to the 10th anniversary of the EU’s Eastern Partnership initiative.

The conference opened earlier today in Batumi. 

Turnava highlighted Georgia’s investment potential and business-friendly environment and said that “we are very interested in attracting more investments and business partners from the European Union not only in a big regional projects, but also in the level of SME development”.   

Georgia has a variety of business opportunities to offer to those who seek new investment destinations, including our fast growing fields such as renewable energy, hospitality sector, development sector, logistics and other fields that might be potentially interesting for European businesses”, said Turnava.

The 16th Batumi International Conference, dedicated to the 10th anniversary of the EU’s Eastern Partnership initiative, opened earlier today in Batumi. Photo: Ministry of Economy.

Turnava noted that economic development, security and democracy are some of the Georigan government’s key values. 

Since Georgia is not rich with mineral resources, the whole business model in Georgia is fully based on the openness idea, on providing better and more attractive opportunities for foreign direct investments, maintaining stable political environment and moving towards technology and knowledge driven economy”, she said.

Turnava stated that the economic policy of the government of Georgia is based on the principles of a free market with a special emphasis on private business development and on the macroeconomic stability.

She said that the government of Georgia continues the path of successful reforms, “which are oriented towards the structural transformation of our economy, increasing the savings and productivity of our economy and business and inclusive access to economic opportunities”.

Turnava said that Georgia is interested in attracting more investments and business partners from the European Union. Photo: Ministry of Economy.

Turnava noted several important ongoing reforms in Georgia, including upgrading infrastructure and strengthening trading integration to boost Georgia’s economic growth, education reform, pension reform and new laws on public private partnership.

Turnava said that Georgia’s path from top reformer to top performer continues and Georgia is a leader in the region in terms of economic growth.

According to all the latest estimates we will have the fastest growth in 2019 within the region with 4.6 per cent of GDP growth”, she said.

At the end of her speech Turnava said that Georgia has been consistently improving transport infrastructure to enhance regional connectivity as well.