Rothschild & Co present regional hub transition plan to Georgia

Georgia Materials 20 April 2022 18:32 (UTC +04:00)
Maryana Ahmadova
Maryana Ahmadova
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BAKU, Azerbaijan, April 20. Rothschild & Co, multinational investment bank, has presented its plan for turning Georgia into multifunctional regional hub, Trend reports via the press service of Georgian Government Administration.

Managing Director of Rothschild & Co Arielle Malard de Rothschild has presented the document to Prime Minister of Georgia Irakli Garibashvili.

The main priorities of the strategy are attracting foreign direct investment, creating new jobs, introducing modern financial and technological innovations, promoting the development of strong financial centers in the country, and developing the capital market.

Garibashvili expressed readiness of the government to implement the projects outlined in the strategic plan for the fastest transition.

The relevant agreement of Georgia’s transformation into regional financial hub was signed by Garibashvili and the CEO of the Rothschild & Co Arielle Malard de Rothschild in Brussels on December 16, 2021.

Meanwhile, Rothschild & Co and Kaiser Partner, a wealth advisory group, announced the drawing up of the plan in March 2022. Amid the economic challenges in the region, it is of most priority for the Georgian Government to maintain the pace of further economic growth, introduction of new technologies, additional jobs creation, and foreign investments attraction, Garibashvili said.

Rothschild & Co has also expressed its wish to create special international financial zones in Tbilisi and Gonio (Gonio-Kvariati district).

“The government's priority is to ensure that a significant part of the personnel of international companies operating in the financial zones consists of Georgia's citizens, which will give them a unique opportunity for professional and career development” the PM said in this regard.


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