EBRD Caucasus regional director lauds Georgia's post-COVID investment opportunity

Georgia's COVID-19 crisis management is among factors creating a promising investment climate for the country in the wake of the pandemic, Catarina Bjorlin Hansen, Caucasus Regional Director for the European Bank for Reconstruction and Development, said on Saturday.

Speaking to Georgia's Imedi TV programme, Hansen said governmental measures against the outbreak stood the country in a competitive stead among other states.

The EBRD representative told channel hosts she thought companies would take into account the government's crisis management to re-consider usual conventions of establishing themselves in the region.

In expanding on factors for beneficial circumstances in Georgia after the pandemic, Hansen noted transparency for business sector along with the measures for dealing with the coronavirus, saying the crisis showed the country could deal with any situation.

EBRD and Georgia cooperated during the height of the COVID-19 crisis to enable restructuring of loan repayments and unlocking assistance packages.

The Europe-wide organisation also provided a loan of up to $100 million to Bank of Georgia to address the economic impact of the virus.