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Georgia developing new investment strategy

Georgia developing new investment strategy
Georgia developing new investment strategy

The Council of Investors will help the Georgian government develop a new investment strategy during a session of the Investors Council, in a video conference format.

Georgia's Vice Prime Minister, Minister of Regional Development and Infrastructure of Georgia Maia Tskitishvili, chaired the meeting.

The members of the council will work on the steps to attract new foreign investments to Georgia.

The council members discussed the general economic trends caused by the coronavirus pandemic in the world, as well as the current situation in Georgia and the measures envisaged by the next stage of the anti-crisis plan, which the Georgian government will present on Friday.

Vice PM Tskitishvili thanked international financial institutions and donor organizations for the financial support in the amount of three billion USD for Georgia.

The council members focused on the mechanisms that will contribute to economic recovery in the post-crisis period.

"Through this crisis, effective communication between the government and business entities is of critical importance… We see the intense involvement of the Georgian government and the private sector as well," Catarina Bjorlin Hansen, Regional Director of the European Bank for Reconstruction and Development (EBRD) for the South Caucasus, stated.

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