Georgian Finance Minister meets with US top business delegation to discuss Georgian economy
US top business delegation is visiting Georgia to study the country’s investment potential and business. Photo: Ministry of Finance.
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Georgian Finance Minister Ivane Matchavariani has met with a US business delegation today to introduce them to them to the country’s economic and investment environment.
The business delegation is composed of the heads of top US investment funds headed by Yitz Applbaum, a general partner and the cofounder of MizMaa Ventures. The delegation is visiting Georgia to study the country’s investment potential and business.
Matchavariani spoke about the country’s macroeconomic environment with the delegation. He also noted the country holds a number of leading positions in international rankings.
The business delegation is composed of the heads of top US investment funds. Photo: Ministry of Finance.
Georgian GDP grew 6.1% in July 2019, while it grew 5.1% overall in January - July 2019.
The unemployment rate in Georgia decreased by 0.7 percentage points to 11.4% in the second quarter of 2019.
- Q2 of 2019: unemployment down by 0.7%
- Georgia recognised as easiest place in emerging Europe to do business
Matchavariani spoke about the country’s macroeconomic environment with the delegation. Photo: Ministry of Finance.
Matchavariani also noted the country's potential in the field of transit and logistics.
The members of the delegation expressed hope that their visit to the country will be mutually beneficial in terms of both investment, knowledge and experience sharing.
Yesterday the delegation also met with the Georgian Prime Minister Gakharia and expressed their interest to invest in Georgia.
Georgian Prime Minister Giorgi Gakharia has hosted a US business delegation composed of the heads of top US investment funds who said that they are interested in Georgia.
The Georgian government places great importance on transforming the country into a transport and logistics hub, Georgian PM Giorgi Gakharia stated at a meeting with World Bank Regional Director Sebastian Molineus.
Fiscal stability will be put first, said candidate for Minister of Finance Ivane Matchavariani today in parliament.
The International Bank for Reconstruction and Development (IBRD) is offering a $62 million loan to help increase the reliability of the electricity supply and prevent outages across the regions of the western Georgia.
A predictable, stable and positive business and economic environment will be crucial for the Georgian government for the next year, said the Prime Minister Giorgi Gakharia at a meeting with the members of the Business Association of Georgia earlier today.
The annual meeting of the Asian Development Bank (ADB) will be held in Georgia in May 2021, announced Georgian Finance Minister Ivane Matchavariani earlier today.
In order to increase fiscal transparency Georgia is creating an electronic platform where Georgian citizens can see the priorities of budgetary spending in detail, and express their opinions and suggestions about the budget.