29.Apr .2021 10:00

I find it difficult to convince investors to continue investing in healthcare – GHG

I find it difficult to convince investors to continue investing in healthcare – GHG
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I find it very difficult to convince my investors to continue investing in the healthcare sector, - Nikoloz Gamkrelidze, CEO of Georgian Healthcare Group (GHG) told Forbes Health. As he explains, the reason is that the country does not have a long-term vision.

“I represent a company, which is the largest investor in the healthcare sector today. The most important thing for me as an investor is that we do not have a long-term vision. There is no vision of what kind of health care we want to have further in 5 years”, - Nikoloz Gamkrelidze notes.

According to him, it is difficult to predict a long-term plan in a developing economy like Georgia’s, but when the country offers some “game rules”, investors can make decisions based on them.

Nikoloz Gamkrelidze also notes, that he finds it difficult to convince the investors.

“Previous year was a good example. As a rule, we were making investment of 50-60 million GEL for the last 5 years, while the investment volume was down to 20 million in 2020 due to the coronavirus. Investments of 40 million should create several hundreds of jobs”, he added.

Gamkrelidze says that the mood is the same this year, as tactical steps are not visible.

"We are a large player and we can be flexible to adjust, but we should know what the game rules are," - said Nikoloz Gamkrelidze.