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Eurozone ratings not to reduce investments to Georgia

Business Materials 17 January 2012 15:12 (UTC +04:00)
The reduced ratings of eurozone countries will have no impact on Georgia, head of the Georgian National Investment Agency Katie Bochorishvili told media today.
Eurozone ratings not to reduce investments to Georgia

Georgia, Tbilisi, Jan. 17 / Trend N. Kirtzkhalia /

The reduced ratings of eurozone countries will have no impact on Georgia, head of the Georgian National Investment Agency Katie Bochorishvili told media today.

Standard & Poor's lowered the credit ratings of nine countries in the eurozone, including France.

Bochorishvili said the Georgian investment market is diversified. The caution of European businessmen will not reduce investments in the country.

However, the crisis in the eurozone will affect investments in the world, she said.

Executive Director of the Institute of Economic Policy, Giorgi Abashishvili said the worsening of rating will not directly affect Georgia.

This will not affect the flow of investments from Europe to Georgia in 2012, he said.

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