07.May .2021 11:00

Who Is Vazil Hudak?

Who Is Vazil Hudak?
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The Prime Minister of Georgia Irakli Gharibashvili has appointed Vazil Hudak as a special advisor on attracting foreign direct investments.

Vazil Hudak was the Vice-President of the European Investment Bank between 2016-2019. He served as Minister of Economy of the Slovak Republic from 2015 until 2016. Before this, he was State Secretary of the Ministry of Finance and Representative of the Slovak Republic on the Board of Governors in the European Stability Mechanism.

From 2019, Mr. Vazil Hudák joined GLOBSEC as Vice Chairman. Hudak has been a member of the Investment Committee of the Czech Development Fund since February 2021. In addition, since January 2021, Hudak has been the Chairman of the Supervisory Board of the Czech Investment Fund 4gimel.

"We are working on a new economic recovery plan in the difficult situation caused by coronavirus infection. In this plan, foreign investments will play a leading role for Georgia's future economic development. The country needs investments, which means rapid economic recovery, more jobs for our citizens and more income. Vazil Hudak is an advisor in terms of attracting investments," Irakli Gharibashvili said while presenting Vazil Hudak.

According to preliminary data, the volume of FDIs in Georgia amounted to 616.9 million USD in 2020, which is down by 52.9 % compared to 2019.