Georgia introduces new electronic system of property registration

Photo: Georgia introduces new electronic system of property registration / Georgia

Tbilisi, Georgia, Jan.17

By Nana Kirtzkhalia - Trend:

With the assistance of the U.S. government, Gruzpatent has introduced a new electronic system for property registration. U.S. ambassador to Georgia Richard Norland participated at the project's presentation.

The new system envisages quick and accurate registration of intellectual property right.
Norland said that this successful step for the Georgian government and business will ensure a better future both in terms of creation of new jobs and economic development.

"For economic development it is necessary to provide protection of patents, inventions, trademarks and at least copyrights for movies. Georgia is a very creative country and protection of creativity is associated with copyright protection. I am glad that in collaboration with USAID and the UGT an electronic registration system was created and it will make the patenting of businessmen and inventors' property more modern, affordable and easy. Given that the government seeks to ensure economic growth and attract more investment, as well as to be closer to Euro-Atlantic institutions, we believe that the current event is an important step in this direction," Norland said.

The director of Gruzpatent, Irakli Gvaladze said the new registration system will significantly improve the work of Gruzpatent and assist the economic development of the country.

"It is a universal system that will ensure the registration of all objects of intellectual property. After the full implementation of this system, Georgia will be one of the leaders, as such a universal organized system is only available in several Eastern European countries," Gvaladze said.

The new electronic system will save interested parties four million lari ($ 1 = 1.76 lari) annually.

Translated by L.Z.

Edited by C.N.

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