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Lasha Papashvili: The year of 2018 Brought a lot of Challenges for the Business Sector

Lasha Papashvili, founder of Redix company, states that the year of 2018 brought a lot of challenges for the business sector, in regards to the bureaucracy and the electoral environment.

“Georgian businessmen have been facing various challenges over the past 30 years. However, over the past 3-4 months, we have sees political struggles, and the business sector is always frightened by similar fluctuations. Investors abstain from making investments, and the statistics regarding FDI inflows proves this.

According to Geostat, the national statistics service of Georgia, in the period from January to September, FDI inflows declined by 27% year on year. The Government does not assist the business sector, bureaucratic problems remain, and the work of the National Bank of Georgia (NBG) is invaluable”, Papashvili said.

At the same time, we welcome the Estonian taxation model. This is a joy for long-term investors, Papashvili said.

As to expectations for 2019 expectations, the next 2 years will pass without elections, and the business sector will be able to work in a peaceful and calm environment, Papashvili pointed out.