OECD: Georgia is a distinguished country with attractiveness for foreign direct investments
OECD officials said that the already implemented and ongoing dynamic economic reforms in the country have made the local investment environment positive, which makes Georgia highly attractive for investors on an international level. Photo: Ministry of Economy.
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Georgia is a leading, distinguished country with openness and attractiveness for foreign direct investments, Organisation for Economic Cooperation and Development (OECD) officials said at a meeting with the Deputy Minister of the Ministry of Economy Nikoloz Alavidze yesterday.
OECD officials said that the already implemented and ongoing dynamic economic reforms in the country have made the local investment environment positive, which makes Georgia highly attractive for investors on an international level.
They also added that Georgia is positioned as the leader of the region in this field.
The preliminary report of the OECD once again clearly underlines the correct economic policy of the Georgian government, and effective reforms which widely open the door for international companies to successfully invest in Georgia“, said the Deputy Minister of the Ministry of Economy Nikoloz Alavidze.
Alavidze said that such an assessment by the OECD is a very important tool for positioning Georgia as an attractive and interesting country for investing. He also said the Ministry of Economy has been given recommendations for further steps to improve the short and long-run plans to be presented at the international forum OECD Eurasia Week 2020, which will be held in March 2020 in Georgia.
A more detailed assessment about the business environment and the attractiveness of Georgia for foreign direct investments will be made at the forum.
Local investments are steadily increasing in Georgia despite the fact FDIs have decreased, announced Georgian Economy Minister Natia Turnava today, commenting on the 53.7 per cent drop in the second quarter of 2019 in FDIs compared to the same period of last year.
The Organisation for Economic Co-operation and Development (OECD) has recognised Georgia as a “model country” for supporting successfully small and medium-sized businesses, announces Georgia’s Ministry of Economy.
Georgia is launching two projects with the Organisation for Economic Co-operation and Development (OECD) – one will focus on Georgia’s investment environment while the second will discuss the holding of the forum in Georgia.
Foreign direct investments (FDI) in Georgia amounted to $187 million in Q2 of 2019 which is a 53.7 per cent decrease compared to the same period of 2018 show the latest preliminary data of the National Statistics Office of Georgia (Geostat).
Georgian Prime Minister Giorgi Gakharia met with Organisation for Economic Co-operation and Development Secretary-General Angel Gurria late yesterday on the sidelines of the World Economic Forum taking place in Davos, Switzerland on January 21-24.
Georgia has improved its position in all 12 categories in the SME Policy Index - 2020 published by the Organisation for Economic Cooperation and Development (OECD) since the previous report that was published in 2016, announces the Georgian Ministry of Economy.