UK hosts forum promoting Georgia’s investment potential
Georgia Investment Forum, an event promoting the potential of the country for prospective investors from the United Kingdom, was hosted on Thursday in London. Photo: Ministry of Economy
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Georgia Investment Forum, an event promoting the potential of the country for prospective investors from the United Kingdom, was hosted on Thursday in London.
Georgia’s Ministry of Economy said Deputy Minister Irakli Nadareishvili delivered a speech at the event, highlighting the “strong recovery rate” of the Georgian economy following the Covid-19 pandemic, which he said had resulted in the double-digit economic growth in the years 2021-2022.
Nadareishvili said the Government’s “consistent” economic policy and a “stable” macroeconomic environment had led to an increased interest of investors in the country.
Today, Georgia is an excellent place to invest, with a liberal and favourable business environment, access to green energy and the opportunity to trade freely in markets of more than two billion consumers. I believe that Georgia is already and will be competitive on the international business scene”, Nadareishvili said.
Speaking at the event, Nadareishvili also drew attention to the political decisions of the Georgian Government for development of small and medium entrepreneurship, promotion of the introduction of knowledge-based services, and the process of economic integration with the European Union.
Terms of operation of airline companies between Georgia and the United Kingdom, from tariffs to flight frequency and safety regulations, were agreed in a deal signed between authorities of the two countries on Friday.
Georgian Foreign Minister Ilia Darchiashvili and Jonathan Djanogly, the Chair of the United Kingdom All-Party Parliamentary Group on Georgia on Thursday discussed the “strong” inter-parliamentary relations between the two countries and the support of the British Parliament demonstrated to Georgia.
Strategic partnership between Georgia and the United Kingdom and “intensive” bilateral and multilateral cooperation involving the sides were discussed on Thursday in a meeting between the Georgian Foreign Minister Ilia Darchiashvili and his British counterpart James Cleverly.
Georgian Economy Minister Levan Davitashvili on Monday said foreign direct investments in the country had exceeded $2 billion in 2022, setting a “historic high” mark.
James Cleverly, the Secretary of State for Foreign, Commonwealth and Development Affairs of the United Kingdom, on Thursday arrived in Georgia on an official visit, the Georgian Foreign Ministry said.
Georgian Deputy Economy Minister Genadi Arveladze on Tuesday highlighted Georgia’s “liberal trade policy and effective customs regulations” at a meeting of the Steering Committee on Trade Capacity and Standards of the United Nations Economic Commission for Europe.
Georgia’s Deputy Economy Minister Genadi Arveladze on Monday said the country’s Government aimed to strengthen its “long-term and active” cooperation with the United Kingdom.