2021-11-25

Georgia's investment environment, the impact of COVID on the economy, vaccination, and steps to be taken toward attracting FDIs were discussed during today's meeting of the Investors Council, chaired by Prime Minister Irakli Garibashvili, at the Government Administration.
Opened by the Head of Government, the meeting featured welcome speeches by UK Ambassador to Georgia Mark Clayton and EBRD Regional Director for the Caucasus Catarina Bjorlin Hansen.

Secretary of the Investors Council Giorgi Cherkezishvili spoke about the council's performance and the implementation of previous meeting's decisions. The meeting also discussed prospects of FDIs into renewable energy and agriculture, creation of new financial instruments for enhancing access to financing, challenges facing the development sector, state enterprises reform, and issues pertaining to the pharmaceuticals industry.
"Today's meeting of the council encompassed almost all directions of the economy and the investment situation in a variety of areas. These issues are related to the fields of energy and pharmaceuticals, also the reform of state-owned enterprises, and the empowerment of financial tools. Plans for the future were set, and work will continue in the next few days in the format of working groups," Secretary of the Investors Council Giorgi Cherkezishvili said.

Today's meeting of the Investors Council was commended by EBRD Regional Director for the Caucasus Catarina Bjorlin Hansen.
"Today, we had a very productive discussion at the Investors Council meeting. We discussed the impact of COVID on FDI into the country, also domestic and foreign investments in the renewable energy sector, a very promising area for development for us. We also discussed covered bonds. It is a new legislation that will hopefully be passed very soon and that will lead to great inflows of financial means into Georgia. We discussed a number of other issues that we will continue to work on together with the Government of Georgia. All in all, we had a very productive meeting and a great discussion," Catarina Bjorlin Hansen said.

Press Service of the Government Administration