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ICC President: To Restore Business Confidence is Now the most Important

ICC President: To Restore Business Confidence is Now the most Important

Chairman of the  International Chamber of Commerce (ICC)  in Georgia says that  in Georgia it is easy to do business only on paper, but in practice it is not so.

Fadi Asli notes in his  interview with  the newspaper Financial that investors want to see the company’s future and  stability. In the words of Mr. Asli,  in the last three years unfriendly for business laws and regulations have been adopted, which scared investors, later the government reconsidered  its decision, but it was too late.

The businessman says  that the government needs to know what worries investors. He observed that, in general, the Georgians like when foreign visitors arrive in the country, but do not like when they do business here. ICC President adds  that the Chamber has declared a moratorium on the government’s criticism until October because they are waiting for the International Investors Council’s actions.

At the same time, Fadi Asli explains that the main issues which businesses are worried about are the new laws adopted by  the government without consultations with the  business as well as  the Revenue Service’s long-term inspections, freezing of accounts, the judicial system and labor inspection, which control the business along with  the Competition Agency and the Revenue Department. In his words,  the business had a good attitude to  the Minister of Economy Giorgi Kvirikashvili because he understood the business and acted.

As for the Minister of Finance,  Fadi Asli explains that the Finance Minister makes  promises, but does not execute  them, Nodar Khaduri is not able to understand the business, because he does not have the business experience. The businessman adds that the business ombudsman is always open for dialogue.