Companies Leaving Russian Market Are Interested In Georgia – Glat&Taggart

17:35 Sat, 25 June

GEO

USD

$ 2.9360

EUR

€ 3.0954

GBP

£ 3.6122

RUB

₽ 0.0547

TRY

₺ 0.0017

AZN

₼ 0.0173

Bitcoin

21,137.1000

Ethereum

1,196.2200

Bitchoin Cash

112.5300

Litecoin

55.1460

XRP

0.3600

15.Mar .2022 16:30

Companies Leaving Russian Market Are Interested In Georgia – Glat&Taggart

345

Back

Author:Natia Taktakishvili

Many foreign brands have suspended operations in Russia since the invasion of Ukraine began. As Eva Bochorishvili, Head of Research at Galt & Taggart, these companies are looking for new markets, where they will be able to continue their business activity.

According to her, they are interested in Georgia, which the country should use. Considering all these, Bochorishvili does not rule out the possibility of an increase in foreign direct investments in Georgia.

"Due to the sanctions imposed on Russia, many companies operating in Russia, including foreign brands, are trying to diversify their markets and are looking for certain countries where they can continue their businesses, including in terms of supply the region. Perhaps the number of such businesses will gradually increase.

Foreign companies and embassies have already approached us, as their companies are looking for different countries, including Georgia. So, it also depends on us how well we work with these companies. With this in mind, I assume that foreign direct investments can increase," said Eva Bochorishvili.

FDI Eva Bochorishvili Russia Restrictions Galt&Taggart