25.Jan .2021 13:30

Ivanishvili is the only investor today; not good - Trapaidze

Ivanishvili is the only investor today; not good - Trapaidze
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Paata Trapaidze, Owner & CEO - Caucasus Road Project Ltd told Forbes Week, that Bidzina Ivanishvili is the only investor today.

He believes that the investment environment in Georgia must be open and competitive. Trapaidze notes that the country should not have the only investor.

“Today, Mr. Bidzina Ivanishvili is the only investor. It is very bad. When the country has the sole investor, it is called feudalism. The business environment must be open. We should be holding conferences, spreading the word that competition in this country is open. For, only competition triggers development. This is what makes me down the most,” said Trapaidze.

According to the head of the Caucasus Road Project, during the rule of the Georgian Dream, the country lost some opportunities and the Georgian economy cannot develop only by investing in agriculture.

"We need to talk about the wasted opportunities today," he said.