Gov’t: global giant Rothschild & Co to draft Georgia’s strategy to become regional financial hub
Georgia has already signed an agreement with Rothschild & Co to help the country become a regional financial hub. Photo: government of Georgia press office.
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Rothschild & Co, a global financial giant, will write a strategy for Georgia on how to transform itself into a regional financial hub, the government of Georgia says.
An agreement between Rothschild & Co Managing Partner Arielle Malard de Rothschild and the government of Georgia was signed earlier today in Brussels.
Georgian PM Irakli Garibashvili said that the company will also work to attract investments and grants for Georgia.
Georgia's favorable investment environment was praised at the meeting, and the ability of the Georgian government to offer large investment projects to foreign investors in the fields of tourism, logistics, industry and others,” said the government of Georgia press office.
We will develop a strategy for Georgia's ???????? transformation as a regional multi-functional/dimensional hub linking Europe w/ Asia & beyond w/ Rothschild & Co as a lead & in collaboration w/ Kaiser Partner. A partnership that will bring prosperity to our ppl. pic.twitter.com/jkMvqDeto1
— Irakli Garibashvili (@GharibashviliGe) December 16, 2021
"It is a big honour to have the Georgian PM coming to our offices here in Brussels after the Eastern Partnership Summit with the EU,” Rothschild said, noting that the agreement means ‘ a very interesting work ahead.’
Rothschild & Co is one of the largest independent financial service groups in the world operating in more than 40 countries around the globe.
Georgian Prime Minister Irakli Garibashvili met with Vice President of the European Commission Maros Sefcovic in Brussels earlier today, where he stated that Georgia’s European course is ‘irreversible,’ hence plans to apply for EU membership in 2024. The outcomes of yesterday’s Eastern Partnership Summit and Georgia’s progress on its path to the EU were discussed at the meeting, the government of Georgia's press office reported.
Vice-President of the European Commission and High Representative of the European Union for Foreign Affairs and Security Policy Josep Borrell has stated that the EU and Georgia are strategic partners, noting that ‘we continue to support resilience, recovery and reforms’ in the country.
The Eastern Partnership (EaP) summit held yesterday in Brussels has concluded with the adoption of a declaration which acknowledges the initiative of the associated trio uniting Georgia, Ukraine and Moldova ‘to enhance cooperation with the EU.'
Georgian Prime Minister Irakli Garibashvili and NATO Secretary General Jens Stoltenberg held a meeting earlier today wherein a ‘clear vision of Georgia’s eventual integration to NATO’ was discussed. Garibashvili stated that time has come to advance the country’s integration and ‘make concrete political decisions.’
The new EU-funded online platform Eastern Partnership (EaP) Trade Helpdesk was launched on December 15, which aims to support trade and investment between the EU and Eastern Partnership countries. The platform will facilitate ‘opening new market opportunities’ both for importers and exporters in the EU and the EaP countries.
Georgian Prime Minister Irakli Garibashvili has stated that the government was able to ‘recover, stimulate and diversify’ the country’s economy' in an unprecedented time frame,’ noting that Georgia has double-digit economic growth.
The Georgian government is planning to launch International finance hubs in the country’s capital Tbilisi and the Black Sea coastline town of Gonio, economy minister Natia Turnava said on Monday.
Developing the strategy for establishing Georgia as a regional financial hub is in an active phase, the Government revealed after a meeting between Prime Minister Irakli Garibashvili and Managing Directors of Rothschild & Co. and Kaiser Partner on Thursday.
Arielle Malard de Rothschild, the Director of Rothschild & Co, on Wednesday presented to Georgian Prime Minister Irakli Garibashvili the company’s initial strategy document for transforming Georgia into a multifunctional regional hub.
The strategy of developing Georgia into a regional multifunctional hub was discussed in a meeting between Prime Minister Irakli Garibashvili and Ariel Mallard de Rothschild, the Managing Director of Rothschild & Co. on Thursday.
Georgian Prime Minister Irakli Garibashvili on Monday announced his Government’s intention to turn the Black Sea coastline resort town of Gonio in the west into a “financial centre”.