Deputy Economy minister: int’l companies leaving Russia, Belarus an opportunity for Georgia
“Our partners are working with us, we have a list of specific companies that we are working with directly through various channels - through our international partners, as well as through direct resources,” Nadareishvili said. Photo: Georgian Economy Ministry
Tweet 
Share
International companies leaving the Russian and Belarusian markets due to the war in Ukraine is an “opportunity” for Georgia to attract new businesses and new investments, and create new jobs in the country, Irakli Nadareishvili, the Deputy Economy Minister, said on Thursday.
In comments at an event organised by the International School of Economics Research Institute, the official said the Ministry had idenfitied the companies interested in relocating to Georgia and expanding their representation, noting the Government had developed a “specific strategy“ to attract foreign investment.
Our partners are working with us, we have a list of specific companies that we are working with directly through various channels - through our international partners, as well as through direct resources,” Nadareishvili said.
The Deputy Minister also talked about the impact of the Ukraine war and pointed out it posed “economic challenges” not only to Georgia but to the wider Black Sea region.
He stressed the importance of exchange of information between the Government, private sector and donors of the country about the steps each party must take to “minimise the expected and current consequences of the crisis.”
Electronic commerce and online retailing company Rakuten will open a Tbilisi-based office for mobile application development of its Viber messaging product, the Georgian Economy Ministry announced on Monday.
The Georgian Government is “working intensively” with companies from Britain, Germany and other countries based in Ukraine and Russia to relocate their enterprises to Georgia amid the ongoing war in Ukraine, Economy Minister Levan Davitashvili announced on Monday.
The Georgian government has demonstrated a very high level of crisis management several times, Levan Davitashvili, the Minister of Economy and Sustainable Development, said on Tuesday.
Reforming the social policy, improving the public infrastructure and taking “specific steps” to facilitate the economic growth were topics of discussion during a meeting of the Georgian Government’s economic council, led by Prime Minister Irakli Garibashvili, on Saturday.
Georgian-Azerbaijani strategic cooperation and historic ties were discussed by Levan Davitashvili, the Georgian Economy Minister, and top officials of the host country, the Economy Ministry announced on Friday.
Important issues of strategic cooperation between Georgia and Azerbaijan were discussed on Friday in a meeting between Levan Davitashvili, the Georgian Economy Minister, and Ilham Aliyev, the President of Azerbaijan.
The number of people in Georgia who believe the country should limit its economic ties with Russia has increased by 16 percent, a new survey published by the National Democratic Institute on Thursday shows.
The Georgian Communications Commission has approved the sale of Watertrail Industries and Investico Alliance, two companies that own Veon Georgia (Beeline), the third largest mobile internet services provider in the country.
A total of five new investment projects worth $4 million are being implemented in Georgia creating up to 1,000 jobs in the country, a report by the Georgian Government, submitted to the country’s Parliament on Wednesday, said.
About 80 staff of Georgian missions abroad and the country’s Foreign Ministry have been retrained in economic diplomacy, Deputy Economy Minister Irakli Nadareishvili, said on Friday.
Spain with $196.1 million, the United Kingdom with $87.2 million, and Turkey with $67.1 million were the countries that invested most heavily in Georgia in the first quarter of 2022, the preliminary data by the National Statistics Office of Georgia showed on Thursday.