Ana Gogoladze: Investors Ignore Countries with Unclear Political Developments

The current developments will frustrate attracting foreign investors, Ana Gogoladze, the director of the Liberty and Democracy Foundation, noted.

As Ana Gogoladze told Business Partner, COVID-19 generated global challenges and an unforeseeable business-economic environment frustrating the operation of business companies. Parliamentary elections and political unclearness have aggravated the situation, Ana Gogoladze said. “At this stage, it is unclear how political developments will proceed.

Therefore, this process will be reflected in the decisions of business companies. In several days after the 2018 presidential elections, the GEL exchange rate depreciated. Now street protest rallies and unclear decisions aggravate the situation.

All these factors will directly hit the GEL exchange rate, frustrate economic performance, and attracting new investments. The current reports name the unstable political situation and deteriorated democracy as key factors why investors abstain to put money in the country. Investors ignore the countries with the unclear political environment”, Anan Gogoladze aid.