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The Business Demands to Preserve Article 94 in the Constitution

The Business Demands to Preserve Article 94 in the Constitution

The leading business communities are demanding preservation of Article 94 in the Constitution.

It is necessary to maintain the article in the current form for economic growth and development of the country, stable business and investment climate.

Businessmen say that existence of the article in the constitution provides unique attractive investment environment in Georgia, which is extremely important on the background of socioeconomic problems and geopolitical challenges faced by Georgia.

“The abolition of this article will significantly worsen Georgia’s competitiveness in terms of investment attractiveness and reduce investment inflow, which negatively affect economic growth and hamper the development of the country. Therefore, we believe that the article must be sustained in the constitution and organic law “on Economic Freedom”, adopted in accordance with it”, – the joint statement reads.

Business also believes that Georgian citizens should be allowed to decide whether to grow their taxes – citizens must have right to solve tax increase by referendum, which are directly linked to their right to dispose their generated income from the labor. All major business associations join to the statement.