Georgian Gov’t Administration Head: Georgia remains “island of peace and stability” amid global uncertainty

Levan Zhorzholiani, the Head of the Georgian Government Administration, on Monday said Georgia remains “an island of peace and stability” amid global uncertainty, offering a transparent business environment, a simple and attractive tax system, and conditions that allow businesses to operate freely.

Speaking on the Business Insider talk show, Zhorzholiani noted that strengthening Georgia’s connectivity role was a key priority, highlighting the country's strong relations with its neighbours and Central Asian states.

He added that the Georgian bureaucracy was functioning effectively, while reforms and the work of the Ministry of Economy had helped attract foreign direct investment.

“The bureaucracy works well, and recent rankings show that we have made significant progress in this direction. Public officials are working very effectively. The role of the Ministry of Economy in attracting foreign direct investment is particularly important, as are the reforms, including institutional reforms, implemented in this area. Based on our visits, it can be said that we have covered all of the Central Asian countries”, he said.

Zhorzholiani further added that it was very important to strengthen “our connectivity function” and ties with these countries.

“We also have excellent relations with our neighbours, Turkey, Armenia and Azerbaijan and we play what can be described as a strategic role in facilitating their trade while seeking to further strengthen connectivity”, he said.

“Transparency, accountability, and the ratings - including the IMF's upward revision of our economic forecasts - are factors that investors closely monitor. They use this information as the basis for making investment decisions. If we also look at the data from the National Statistics Office, we can see that we have made significant progress compared to previous years”, Zhorzholiani concluded.