Georgian PM, Rothschild & Co. Director discuss developing Georgia into regional hub
The meeting also emphasised the favourable investment environment in Georgia and the development of the capital market, named by the Government as one of the most important directions of the country's economic policy.Photo: Government's Administration.
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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.
Prepared at the initiative of Georgian the Prime Minister in cooperation with the company and Kaiser Partner, the strategy has been developed with the aim to turn the country into a multifunctional hub in technology, education and financial services, the Government Administration said.
Managed by one of the largest financial groups in the world, the plan includes “specific projects and steps”, ranging from attracting foreign direct investment, creating new jobs, and introducing modern financial and technological innovations.
The meeting also emphasised the favourable investment environment in Georgia and the development of the capital market, named by the Government as one of the most important directions of the country's economic policy.
The agreement on the strategy between de Rothschild and the Georgian Government was signed in Brussels in 2021, with Garibashvili saying the company would also work to attract investments and grants to Georgia.
Georgia’s prime minister Irakli Garibashvili has named transforming the country’s into a regional hub as one of the “main priorities” of his government, while launching the New Poti Seaport, a $93 million construction project in Georgia’s largest Black Sea harbour on Saturday.
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.
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.
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 citizens must serve only Georgia, our motherland, the Georgian Prime Minister Irakli Garibashvili told reporters on Thursday.
The Georgian Government will officially unveil its 2030 development strategy for the country in the coming days after approving the document, Prime Minister Irakli Garibashvili said while announcing the document involved focus on healthcare, education, strengthening of democracy and other areas.
The “favourable” investment environment in Georgia, the ongoing and planned investment projects of the Gebrüder Weiss company were discussed on Saturday in a meeting between Georgian Prime Minister Irakli Garibashvili and the Austrian transport and logistics company's Chief Executive Officer Wolfram Senger-Weiss.
Romeo Mikautadze, the deputy minister of economy and sustainable development of Georgia, on Wednesday said uninterrupted functioning of high-tech corridors was unlikely without energy development, in comments on Georgia’s prospects to perform as a regional data exchange hub.
Plans for establishing Georgia as a financial hub of the Black Sea region were reviewed at a meeting between Prime Minister Irakli Garibashvili and Arielle de Rothschild, the Managing Director of Rothschild & Co, on Tuesday.
The strategy document for establishing Georgia into a financial hub of the Black Sea region was reviewed on Tuesday in a meeting between Prime Minister Irakli Garibashvili and Arielle de Rothschild, the Managing Director of Rothschild & Co.