Georgia ranking high in region as “good place” to do business despite challenges - US State Department

Georgia ranks high in the region as a good place to do business despite challenges, the 2022 Investment Climate Statements, released by the United States Department of State on Thursday, said. 

The report noted that overall, business and investment conditions in the country were “sound”, and Georgia “favourably” compared to the regional peers.

“However, there is an increasing lack of confidence in the judicial sector’s ability to adjudicate commercial cases independently or in a timely, competent manner, with some business dispute cases languishing in the court system for years”, the report said. 

Other companies complain of inefficient decision-making processes at the municipal level, shortcomings in the enforcement of intellectual property rights, lack of effective anti-trust policies, accusations of political meddling, selective enforcement of laws and regulations, including commercial laws, and difficulties resolving disputes over property rights”, the report noted.

The report stressed that the Georgian Government continued to work to address these issues, and despite these remaining challenges, “Georgia ranks high in the region as a good place to do business”.