Economy
Posted: 2 months ago

OECD: Georgia is Leading, Outstanding country in terms of Investment Attractiveness

“Georgia, with its openness, is a leading, outstanding country in terms of investment attractiveness,” – the OECD representatives at the working meeting in the Sheraton Grand Tbilisi Metechi Palace organized by the Ministry of Economy and Sustainable Development.

Deputy Minister of Economy and Sustainable Development Nikoloz Alavidze, as well as the high-rank representatives of the state agencies, business associations, international organizations and financial institutions, participated in the meeting.

The OECD experts presented the initial findings of the Georgian Investment Policy Assessment, which gave a positive evaluation of the investment environment generated by the implemented and ongoing dynamic economic reforms in the country. The OECD representatives highlighted that the established environment makes the country attractive for global investors and a leading country in the region in terms of investment attractiveness.

“The OECD preliminary assessment report, once again, clearly underlines the correctness of the economic policies by the government and effectively implemented reforms that widely open doors to international companies to successfully invest in Georgia,” – Nikoloz Alavidze stated following the meeting.

Deputy Minister noted that such an assessment by one of the most authoritative organizations - the Organization for Economic Co-operation and Development, is an important tool for positioning Georgia as an attractive and interesting country for foreign direct investment.

“They delivered very important messages, including such a positive assessment of Georgia in terms of investments per capita compared to the size of the country’s economy and the population. It means that the country is developing in a proper direction. We also received good recommendations to further improve our short- and medium-term action plans and present ourselves with dignity at the OECD Eurasia Week 2020, a high-level international forum which is scheduled to be held next spring in Georgia,’ – Nikoloz Alavidze noted.

OECD Eurasia Week 2020 will be held in March 2020. Holding such a large-scale event in Georgia is, in turn, an unprecedented occasion for such an international forum in the Eastern Partnership and the South Caucasus. This is a Week of high-level dialogue platform, involving variety of high-ranking officials, experts, representatives of business, civil society and academic circles, including those from the OECD- member countries, OECD- Eurasia Competitiveness Program of the Member States and international partners (EBRD, WB, etc.). The number of delegates totals to 300. More detailed and in-depth assessments of Georgia’s investment attractiveness and existing business environment will be made at the forum.