Government of Georgia – Appearance 2016

Session of the Council of Investors Print Version

2016-05-20

During its session today under the chairmanship of Giorgi Kvirikashvili, the Council of Investors discussed tax administration reform, creation of unified front office for Georgian and foreign businessmen, judicial reform, amendments to the Law on Entrepreneurs and bankruptcy related reform.
The members of the council reasserted the importance of the tax reform and expressed their content with the decision of the Government regarding launching the Estonian model of tax system starting from January 2017.

During the session it was noted that concept of unified front-office is being elaborated to ensure that relevant state services are provided to the Georgian and foreign businessmen. Several meetings between the working group of the Council of Investors and representatives of Ministry of Economy have already been held.

One of the issues on the agenda was the reform of the judiciary. The members of the Council presented their views, part of which has already been incorporated in the third wave of reform of judicial system. Minister of Justice Tea Tsulukiani, who was invited to the meeting, noted that the draft law that will be voted on during the third reading in the Parliament encompasses components that the members of the Council consider to be important. One of such components in the electronic distribution of the workload. Minister of Justice also supports the position of the members of the Council regarding need for strengthening the mediation component in the court.

The members of the Council of Investors expressed hope that the Ministry of Justice will take into account their opinions in the law drafting process as well.
The conversation also touched upon the bankruptcy related reform. Minister of Economy and Sustainable Development Dimitry Kumsishvili emphasized that the part of the insolvency related draft law has already been submitted to the Parliament.

The members of the Council also expressed willingness to establish a working group that will enable them to review the concept of draft law with the support of the Ministries of Economy and Justice.

Prime Minister's Press Office