09.Sep .2021 14:00

Guarantees, Based On Fair Legislation, Unfortunately, Do Not Exist In The Country – Association

Guarantees, Based On Fair Legislation, Unfortunately, Do Not Exist In The Country – Association
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Guarantees, which are based on fair legislation, unfortunately do not exist in the country, - Head of Georgian Restaurateurs Association Shota Burjanadze said. According to him, this is one of the reasons, why foreign investors are not interested to enter the country. The head of Georgian Restaurateurs Association so responds to the report of Geostat, which reads FDI is down by 2.6% in 2Q2021, while the decline has amounted to 11% in the first 6 months.

"Unfortunately, FDI decrease has been expected due to Covid, which hinders investors. Moreover, the situation in the country is unstable because of the elections. I think it will be clear after October whether foreign direct investments will flow into the country at all.

There must be political will and fair legislation to attract investments. The investors should know that the protection of their investment will be guaranteed,” said Shota Burjanadze.