Mamuka Khazaradze, Co-founder of TBC Bank and opposition party Lelo, names 9 steps, which will secure economic development.
According to him, if the community wants the country to grow rapidly, not to miss out the opportunities and assign a function to the country, then the following 9 steps should be taken:
“The First 9 Steps!
1. The areas, located close to Tbilisi and Kutaisi International Airports should be announced as free economic zones. These areas must be delivered to the world's leading logistics companies free of charge, with investment commitments. These companies must exempt from taxes for 5 years, while the government provides all necessary infrastructure financing;
2. Law on special IT Parks must be urgently developed and adopted in order to establish a regional technology hub;
3. We must urgently establish an independent regulator for the capital market and remove this function from the National Bank of Georgia;
4. Adopt a law on chambers of commerce, separate the common court system for resolving business disputes;
5. We must make strong financial support for the launch of the stock exchange and prepare shares of state-owned companies to be listed on this exchange;
6. Part of the pension fund must be used as an investment instrument on the stock exchange;
7. All hydroelectric power stations should be built in accordance with the international Energy Information Administration (EIA) and on the principle of co-ownership of the local population;
8. The state should settle the dispute with the investors of the Anaklia Consortium to end the international dispute and facilitate the immediate implementation of the project. Approve the Anaklia City General Plan funded by the Japanese Government and facilitate the rapid and efficient completion of this project;
9. Sign a free trade agreement with the United States immediately", - Mamuka Khazaradze notes.
