Finance Minister, EU-Georgia Business Council review economic activity, investment attractiveness
Khutsishvili said the Government aimed to implement investment projects that “encourage and attract” private assets, including in construction of highways, tourism infrastructure, and the projects for the Black Sea submarine electricity transmission cable and the Anaklia deep sea port on western Georgia’s coastline. Photo: Ministry of Finance
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Economic processes in Georgia and creation of a “healthy environment for business and investment” were discussed on Thursday by Finance Minister Lasha Khutsishvili and members of the European Union-Georgia Business Council, a non-profit association working to encourage investment and trade between the state and the bloc.
The Minister noted the role of macroeconomic stability and importance of “fiscal discipline” globally and in the Black Sea region, saying the private sector was the “main force” of the country's economic growth.
Khutsishvili said the Government aimed to implement investment projects that “encourage and attract” private assets, including in construction of highways, tourism infrastructure, and the projects for the Black Sea submarine electricity transmission cable and the Anaklia deep sea port on western Georgia’s coastline.
He also noted the role of the sovereign credit rating as “one of the most sustainable and stable” evaluations of the country's ability to draw investment capital, adding the latter remained the Government's “main objective”
Georgia’s progress in debt management, operating an office for large taxpayers and facilitating risk analysis and tax audit was discussed between the country’s Finance Minister Lasha Khutsishvili and Enrico Aavi, the head of the Technical Assistance project of the International Monetary Fund, the Ministry said on Tuesday.
Georgian Finance Minister Lasha Khutsishvili on Wednesday discussed a pilot programme for the introduction of tax incentives, and the second stage of digital economy taxation in the country with representatives of the Organisation for Economic Co-operation and Development.
Georgian Prime Minister Irakli Garibashvili on Monday stressed the importance of the recently signed Black Sea submarine cable international project and said the endeavour was a “Georgian initiative", in remarks to the Ambassadors Conference in Tbilisi.
Georgian Economy Minister Levan Davitashvili briefed the European Union-Georgia Business Council on domestic economic policy priorities, challenges and solutions, current and future reforms and economic trends, the Ministry announced on Friday.