PM Garibashvili, Rothschild & Co, Kaiser Partner discuss strategy for Georgia as regional financial hub

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.

The head of the Georgian Government met Ariel Mallard de Rothschild and Stefan Liniger to review the “main directions” of the strategy involving the two companies. 

The parties noted it was important to work on the strategy “as effectively as possible” in order to start its implementation. Garibashvili reaffirmed the full support of his Government to the heads of the companies, noting establishing the country as a regional financial hub was its priority.

The new security challenges in the Black Sea region have placed a special importance on maintaining the pace of economic growth and further activating it, the parties of the meeting highlighted, to help “introduce new technologies, create additional jobs and attract foreign investment”.

Representatives of the companies continue having active meetings with Georgian Government agencies in order to reflect priority directions in the strategic vision document. Work on the first version of the document is expected to be completed soon, the Government Administration said.

An agreement between Arielle Malard de Rothschild and the Government of Georgia was signed in Brussels in 2021. Garibashvili said the company would also work to attract investments and grants to Georgia.