BAKU, Azerbaijan, June 19
By Tamilla Mammadova - Trend:
Georgia has chosen more than 400 companies and has started talks with the companies’ managers to attract foreign direct investments (FDIs) to the country, Trend reports with reference to Ministry of Economy and Sustainable Development of Georgia.
Recently, Georgian Economy Minister Natia Turnava discussed business environment and investment opportunities of Georgia with the Regional Director for Central East Europe and Central Asia at Finnish multinational communication company Nokia Mikko Lavanti.
The meeting was held in the framework of strategy of Produce in Georgia agency to attract FDI to Georgia.
"We introduced the Georgian business environment and investment potential to the regional director at Nokia and the opportunities Nokia would have if it begins manufacturing in Georgia,” said Turnava.
Turnava noted that the proposals for investors will soon be reflected in the government's post-crisis strategy and action plan.
"The government will continue to meet with potential investors to better understand if their development strategies are in line with the Georgian government's post-crisis vision," Turnava noted.
On December 16, 2019. Produce in Georgia agency presented an Investment Promotion Strategy and Action Plan for 2020-2021, which aims to attract foreign direct investments in Georgia and create 3,500 new jobs in highly-paid, prospective fields.
Based on the strategy, by direct communication with investors, the agency aims to carry out 10 large and 16-20 medium-sized investment projects worth $225 million in total.
The strategy is developed by the Produce in Georgia agency and the International Finance Corporation (IFC).
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