Economy Minister discusses positive dynamics of BPO services, opportunities in Georgia with investment consultants
The investment consultants emphasised that Georgia, “the dynamically developing country”, had to be “at the top of the lists” of any organisation seeking for a "multilingual destination with impressive technological skills, excellent infrastructure and a business-friendly Government”. Photo via Economy Ministry
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The positive dynamics of the BPO services in Georgia and the opportunities that the country can offer to foreign companies were discussed on Friday by Georgian Economy Minister Levan Davitashvili and the investment consultants from the world’s leading companies in the industry.
The investment consultants emphasised that Georgia, “the dynamically developing country”, had to be “at the top of the lists” of any organisation seeking for a "multilingual destination with impressive technological skills, excellent infrastructure and a business-friendly Government”.
The investment familiarisation tour organised by Enterprise Georgia, an export promotion agency of the country, was attended by more than ten high-ranking managers and investment consultants of the business process outsourcing sector from the United States, Great Britain, Canada, Mexico, and South Africa. They got acquainted with the country’s business climate and investment opportunities and held meetings with private and public agencies.
The tour aims to present the investment potential of BPO services in Georgia. The investment familiarisation tours in the past months had proven to be effective in promoting the country, attracting investments and creating new jobs.
Investment consultants and managers from the world’s leading BPO companies on Friday praised Georgia’s positive dynamics in the industry, as well as the country’s investment potential.
Economic growth in Georgia is expected to ease to 4.4 percent in 2023 and reach five percent in 2024 and 2025, the Europe and Central Asia Economic Update of the World Bank said on Thursday.
The Business Association of Georgia on Thursday published the results of a survey that said 63 percent of its member companies planned to increase the volume of their investments this year.
Georgian Deputy Economy Minister Irakli Nadareishvili on Wednesday said increasing the effectiveness of the small and medium-sized business sector was a “priority direction” of the Georgian Government’s economic policy.
Georgian Economy Minister Levan Davitashvili on Tuesday highlighted efforts being made by the Government to support the development of information technology and startup ecosystem in the country.
Dynamics of trade between Georgia and the United States and economic ties between the two countries were discussed on Tuesday between the Georgian Finance Minister Lasha Khutsishvili and Matthew S. Axelrod, the Assistant Secretary for Export Enforcement of the US Department of Commerce.
Vakhtang Tsintsadze, the Georgian Deputy Economy Minister, on Wednesday cited the International Monetary Fund on its projection of 5 percent average economic growth for Georgia between 2023-2028, and said the Fund’s figures put the country as a “leader” both regionally and among European states.
The International Monetary Fund’s updated forecast, projecting the “highest” economic growth for Georgia - 5 percent average - among the countries of the wider region and Europe, in the medium term between 2023-2028, was discussed on Saturday by the Georgian Government’s Economic Council, led by Prime Minister Irakli Garibashvili.
Georgia’s export promotion agency Enterprise Georgia has held meetings with “large American business corporations” in San Diego, California, with the aim of attracting more investment from the United States in the country, the body announced on Monday.
A “leading” company operating in Business Process Outsourcing will soon start operating in Georgia, Mikheil Khidureli, the Director of Enterprise Georgia, the state agency promoting entrepreneurship, investment and exports, said on Wednesday at the BPO industry summit hosted in Tbilisi with the initiative of the body.
Mikheil Khidureli, the CEO of Enterprise Georgia, the state agency promoting entrepreneurship, investment and exports, on Friday said three out of the world’s top five companies operating in business process outsourcing were present in Georgia.