Investor Council Meeting Print Version

2017-09-06

 

Judicial reform, the initiative to form commercial chambers, the Law on Entrepreneurs, and other important issues concerning the private sector were discussed at today's Investor Council meeting chaired by Georgian Prime Minister Giorgi Kvirikashvili at the Administration of the Government.

EBRD President Suma Chakrabarti, as part of his third visit to Georgia, also attended the meeting of the council.

The Prime Minister emphasized the importance of EBRD's engagement resulting so far in more than 200 projects implemented and about 3 billion euro invested.

The meeting's participants assessed as revolutionary the prospective establishment of a commercial chambers network in courts and judges' professional training in this direction. The members of the Investor Council believe that this initiative will step up commercial dispute resolution and further upgrade the country's beneficial business environment. Giorgi Kvirikashvili thanked EBRD, along with other donors, for supporting Georgia's judicial reform.

The Prime Minister also spoke of the important work by the Investor Council and reaffirmed on behalf of the Government of Georgia commitment to maintaining active cooperation with private sector representatives under this platform in order to ensure their maximal engagement in the development of new laws and regulations.

The President of EBRD singled out Georgia's progress over the past five years. According to Suma Chakrabarti, the country's progress has enabled EBRD to invest record-breaking amounts.The EBRD President also emphasized the Georgian Government's exemplary cooperation with the private sector, including in the EBRD format, pointing out that all this will foster an even better business environment and attract both local and foreign investors to take greater interest in Georgia.

Prime Minister's Press Office