Georgian Economy Minister, Neusoft Vice President discuss country’s economic trends in Davos meeting
The Minister also noted Government-implemented training programmes for the country's IT sector and extended an invitation to Newsoft to send a delegation to study the “current state of the information technology sector” in Georgia. Photo: Ministry of Economy
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Georgia’s economic trends were discussed on Wednesday in a meeting between Levan Davitashvili, the country’s Minister of Economy, and Chen Ximin, the Senior Vice President of Neusoft, a Chinese company promoting industrial innovation and digital transformation.
Held on the sidelines of the ongoing World Economic Forum in Davos, the meeting highlighted the importance of “steps taken to advance Georgia's innovative ecosystem”, the Ministry of Economy said.
The body said these included the granting of special status to international technology companies to provide them with “substantial tax rebates” of five percent income and five percent profit tax, in order to attract them to the country.
Davitashvili noted more than 100 international IT companies were operating in the country to provide services to domestic customers while also creating new jobs.
The Minister also noted Government-implemented training programmes for the country's IT sector and extended an invitation to Newsoft to send a delegation to study the “current state of the information technology sector” in Georgia.
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