News

On May 25th, the Institute for Development of Freedom of Information (IDFI), with the support of the USAID Economic Governance Program, held a presentation of the report Assessing the Quality of Public-Private Dialogue in the Drafting Normative Acts - 2020-2021.

On May 13th, the Investors Council Secretariat organized a meeting with Ms. Claudia Salomon, President of the International Chamber of Commerce (ICC) International Court of Arbitration, which was attended by the IC Members and representatives of the Georgian Business Sector.

The Maritime Transport Agency of the Ministry of Economy and Sustainable Development, with the support of the European Bank for Reconstruction and Development (EBRD) and the Investors Council Secretariat, has conducted a feasibility study for the introduction of a Port Community System (PCS) in Georgian ports.

The Investors Council Secretariat published the annotations to the Georgian Law on Entrepreneurs

Following the first Construction Sector Working Group meeting, Investors Council Secretariat started the discussion of the identified challenges with stakeholder authorities.

In order to discuss the current FDI challenges and opportunities in Georgia, as well as the impact of Russia’s war on Ukraine on the Georgian economy, the Investors Council members organized a meeting with Mr. Irakli Nadareishvili, Deputy Minister of Economy and Sustainable Development of Georgia and the representatives of Enterprise Georgia.

On 10th of March 2022, the Investors Council members held an online internal meeting in order to discuss the impact of Russia’s War on Ukraine on the Georgian Economy and understand what new challenges this may bring to the business climate in order to address them and set new targets for upcoming IC activities.

One of the objectives of the Investors Council for the current year is cooperation with the Georgian National Tourism Administration (GNTA) to support the industry’s recovery following the pandemic and its development process.

On March 2, 2022 the Gender Equality Working Group (GEWG) of the Investors Council organized a meeting between Ms. Nino Tsilosani, the Chair of the Permanent Parliamentary Gender Equality Council (GEC) and the IC members.

In February 2022, the Investors Council formed a working group to address obstacles concerning the construction sector, notably to identify challenges in the construction sector’s regulatory framework and propose solutions to ease operating climate for the private sector.

The second meeting of the Gender Equality Working Group (GEWG) of the Investors Council took place on February 25, 2022 through video conferencing.

On December 20, 2021 Investors Council held an online discussion regarding the New Law of Entrepreneurs through video conferencing. The law will enter into force in January 2022.

The first meeting of the Gender Equality Working Group (GEWG) of the Investors Council took place on December 8, 2021 through video conferencing.

Georgia’s investment environment, the impact of COVID-19 on the economy, the vaccination process, and necessary steps to be taken towards attracting FDIs were discussed during the 16th Investors Council Meeting, which was chaired by the Prime Minister Mr. Irakli Garibashvili, at the Government Administration on November 25,2021.

On 8th of October 2021 the European Bank for Reconstruction and Development (EBRD), with financial support from the United Kingdom’s Good Governance Fund (GGF), launched Online Platform https://businessguide.ebrd.ge/ that offers legal and business guidance for micro, small and medium-sized enterprises (MSMEs).

On 20th of July 2021 the Investors Council members held an online meeting with Special Adviser to the Prime Minister of Georgia on Foreign Investments, Mr. Vazil Hudák.

Assessment of the impact of COVID-19 on the economy, post-pandemic economic recovery process and attracting foreign direct investments were the main topics at the 15th Meeting of the Investors Council, which was held on 27th of May under the chairmanship of the Prime Minister of Georgia, Mr. Irakli Gharibashvili by means of video conferencing

On 25th of May 2021 the technical assistance project - "Assessment of the Impact of COVID-19 on the Georgian Economy and Preparation of a Medium-term Strategy for Recovery" was presented to the Government of Georgia.

The European Bank for Reconstruction and Development (EBRD), is conducting an assessment on business restructuring mechanisms in all economies where the EBRD is active, including Georgia.

On 21st of May, 2020 at 16:00 (Tbilisi local time), Investors Council Secretariat (ICS) held an online “zoom” meeting regarding the study conducted by “PricewaterhouseCoopers Georgia” (PWC) with the support of ICS, Ministry of Economy - Enterprise Georgia and Ministry of Agriculture-RDA.