Oracle To Open Data Centers and a Development Representation in Georgia

The Georgian Innovation and Technology Agency (GITA) has conducted negotiations with Oracle on opening data centers and a development representation in Georgia, where Georgian IT specialists will be employed.

In this regard, the Parties hailed the new tax preferences for IT companies. Namely, the Government of Georgia has reduced income and profit taxes to 5% for IT companies. Furthermore, GITA startups will have the opportunity to participate in Oracle acceleration programs to faster scale up their businesses.

The meeting was attended by Oracle vice president Luke Lowalski, Deputy Economy Minister of Georgia Irakli Nadareishvili, and GITA chairman Avtandil Kasradze, Enterprise Georgia director Mikheil Khidureli, general consul of Georgia in San Francisco Levan Beridze.