Business Association of Georgia hosted meeting with the Minister of Finance and businessmen

4 Jun '12

On June 4th, in Tbilisi Marriot at the event organized by Business Association of Georgia, businessmen met with Ministry of Finance Dimiti Gvindadze. Issues such as competitive advantage of Georgia in the process of investment attraction, structure and trends of economy, fiscal environment, conditions of finance sector were discussed at the meeting.
As the Minister stated, projected growth rate of the economy is circa 6% and more importantly, this growth refers to almost each sector of the economy.  The economic policy of the state is focused on the so-called hub-economy model. Government is carrying out important infrastructural projects that create various business opportunities in both, manufacturing and services. Two of the mostimportant ongoing projects are so-called East-West Corridor and energy infrastructure projects. Growth of foreign direct investments significantly depends on the successful implementation of these projects. In addition, government significantly replenishes infrastructure in various regions (i.e. in Kakheti), which results in increase of demand on various services in those areas.
One of the factors that will strongly stimulate Georgian economy is Deep and Comprehensive Free Trade Agreement with European Union. Major breakthrough in this direction is expected by 2013. Also, technical preparatory works are being carried out to sign Free Trade Agreement with United Stated of America.
By the end of the meeting businessmen had opportunity to obtain additional information on the issues and particular investment projects of their interest.