News

The 18th meeting of the Investors Council chaired by the Prime Minister Irakli Garibashvili was held at the Government Administration on October 19, 2022.

The Investors Council works closely with the Georgia’s Innovation and Technology Agency (GITA) to support business climate development in the science and education sectors.

On 7th of October, the Investors Council Secretariat hosted the Meeting of the Investors Council’s members with the Head of the National Agency for Sustainable Land Management and Land Use Monitoring- Mr. Giorgi Misheladze.

Twice a year, in order to sum up the activities of six months, the Investors Council Secretariat organizes a semi-annual meeting for the members of the Investors Council.

On 15th of September,2022, the Investors Council’s gender equality working group (GEWG) meeting was held, with the participation of the UN Women’s representative, Ms. Elene Gabelaia, who provided session on women's empowerment principles (WEPS).

The European Bank for Reconstruction and Development (EBRD) together with the Revenue Service of the Ministry of Finance of Georgia, with the support of the Investors Council is starting the project „Application and Integration of Artificial Intelligence in Customs Formalities”, which will identify and implement appropriate software solutions to further automate Georgia’s customs declarations processes.

On July 22, the Banking Association of Georgia organized a meeting between the Investors Council and the representatives of the banking sector.

On 1st of July, 2022, the Investors Council members held a meeting with Mr. Giorgi Danelia, the Director of the Pension Agency; Mr. Goga Melikidze, Chief Investment Officer of the Pension Agency and Mr. Levan Verdzeuli, Deputy Chief Investment Officer of the Pension Agency.

On the 21st of June, 2022, the European Bank for Reconstruction and Development (EBRD) is launching the Feasibility Study for the development of an Electronic Registry for Factoring Contracts.

On 15th of June, the meeting of the Gender Equality Working Group (GEWG) of the Investors Council was held.

We are writing to you, on behalf of the Georgian Investors Council, which brings together the biggest business associations in the country, the International Financial Institutions and the economically-oriented components of the Georgian Government. We want to express our strong support for Georgia’s application for membership to the EU.

Georgia's EU membership bid and the Investors Council's engagement in implemented and ongoing reforms down this path were the key topics of the 17th meeting of the Investors Council chaired by Prime Minister Irakli Garibashvili at the Government Administration on June 7, 2022.

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.