Economy Minister: Swiss multinational biopharmaceutical company is ready to invest in Georgia
"We will help Ferring Pharmaceuticals to start business in Georgia as soon as possible," said Turnava. Photo: Ministry of Economy.
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Swiss multinational biopharmaceutical company Ferring Pharmaceuticals is ready to invest in Georgia, said Georgian Economy Minister Natia Turnava earlier today after speaking with Per Falk, the president of Ferring Pharmaceuticals.
The head of the company praised the attractive investment environment in Georgia.
We are doing our best to attract foreign investors,” said Turnava.
Turnava noted that the company is one of the greatest pharmaceutical companies in its own country and is amongst the largest 50 pharmaceutical companies in the world.
Photo: Ministry of Economy.
We will help Ferring Pharmaceuticals to start business in Georgia as soon as possible," said Turnava.
The Ministry of Economy and Enterprise Georgia has developed a strategy to bring in FDIs to Georgia.
In the framework of this strategy, meetings have been carried out with more than 400 international companies to help them examine the possibility of opening their businesses in Georgia.
Foreign direct investments (FDI) in Georgia amounted to $1.31 billion in 2019, which is a 0.3 per cent increase compared to 2018, show the latest adjusted data of the National Statistics Office of Georgia (Geostat).
The International Trade Centre (ITC) has selected 18 national trade promotion organisations including Enterprise Georgia which will take part in the 2020 World Trade Promotion Organization (WTPO) Awards.
Georgia has chosen more than 400 companies including Finnish multinational communication company Nokia and has started talks to the companies’ managements to attract FDIs to the country.
Enterprise Georgia has presented Investment Promotion Strategy and Action Plan for 2020-2021 earlier today, which aims to attract foreign direct investments in Georgia and create 3,500 new jobs in the highest paid, perspective fields.