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Economy Minister: Georgia offers Amazon to consider country as one of data exchange hubs

Georgia Materials 19 January 2023 09:19 (UTC +04:00)
Economy Minister: Georgia offers Amazon to consider country as one of data exchange hubs

Georgia offers the world's largest online trading platform Amazon to consider Georgia as one of the data exchange hubs and explore the possibility of creating a data centre in Georgia, Levan Davitashvili, the Economy Minister said on Wednesday after the meeting with the company’s Vice President Michael Funke, discussing “important” issues of mutual cooperation at the ongoing World Economic Forum in Davos, Trend reports with reference to Agenda.

The implemented and ongoing reforms to develop the digital economy in Georgia were discussed in the meeting among other “important issues”, including the current situation in the electronic communications market, the development of digital transformation, digital economy and information society, Davitashvili said.

As the Economy Minister noted, they had touched upon the Ministry’s priorities in this direction and highlighted its efforts to bring the existing legislative environment “as close as possible” to the European Union regulations, while also discussing Amazon’s assistance to the Georgian Government in digital transformation and staff training, the Economy Ministry said.

Georgia has an “attractive” business environment for information and communication technology, including favourable trade regimes, a tax system, free industrial zones and cheap electricity, which, together with “well-developed” international broadband and domestic access to internet connections, make the country an “attractive” place for “tech giants” to set up data exchange centres, Davitashvili stressed.

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