Georgian PM, Rothschild & Co discuss transforming Georgia into regional financial hub
Garibashvili said it was a priority for his government to see a significant part of the staff of international companies operating in the financial zones being Georgian citizens, to allow them to have special professional and career development opportunities. Photo: Government of Georgia.
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Georgian prime minister Irakli Garibashvili met Arielle Malard de Rothschild, Managing Director at Rothschild & Co on Friday, with the meeting reviewing plans of a government initiative of transforming the country into a regional financial hub.
The head of the Georgian government and the representative of the financial group discussed the steps aiming to attract investment, create fresh job opportunities and share modern financial and technological innovations, following on from the December 16 agreement between the sides in Brussels.
Plans for the creation of special international financial zones in capital Tbilisi and Black Sea coastline town of Gonio were also discussed in the meeting, with the sides stressing the favourable investment environment and development of the capital market in Georgia as two of the most important directions of the country's economic policy.
The prime minister pledged “maximum support” from the government for ensuring efficient work on the initiative, and for “concrete steps” in the short term to attract foreign financial resources to Georgia.
Garibashvili said it was a priority for his government to see a significant part of the staff of international companies operating in the financial zones being Georgian citizens, to allow them to have special professional and career development opportunities.
Rothschild & Co is one of the world’s largest independent financial advisory groups with a 200-year history. The company provides strategy and financing advice, as well as investment and wealth management solutions to large institutions, individuals and governments worldwide, and has a global network of 3,800 colleagues in more than 50 countries.
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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.
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Georgian Prime Minister Irakli Garibashvili has met with Managing Director at Rothschild & Co Arielle Malard de Rothschild earlier today and discussed the ‘favourable investment environment’ in Georgia, the Georgian government administration reports.
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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.