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Companies hesitant to publicize investments due to public bullying - Davitashvili

ლევან დავითაშვილი

GD Vice PM and Minister of Economy and Sustainable Development Levan Davitashvili declares, that companies hesitant to publicize investments due to public bullying despite ongoing projects.

“We see calls for sabotage, paralysis of economic processes and certain economic activities, as well as sanctions – of course, not only each such call but also actions and campaigns are harmful and create various reputational risks, including affecting attitudes and damaging the economy,” noted the First Vice-Premier.

According to Davitashvili, all of this is directly connected to the well-being of the country’s population, therefore, in his opinion, this is not the right political path.

“Nevertheless, we will try to keep processes as stable as possible in the political context and maintain dialogue with all actors who are important components of the economy – be it the private sector, business, international investors, international financial organizations and others. This will allow us not to slow down the significant progress and consistent pace of economic development,” stated the First Vice-Premier.

When asked about investors’ attitudes and recent meetings, Davitashvili responded: “Let’s judge by results, which will be seen throughout 2025. There are numerous companies in the energy sector, and many companies have plans in logistics and warehousing. I’ll refrain from listing specific companies, though they can make announcements themselves. Unfortunately, there is so much bullying happening in society today that even companies, including international ones, refrain from certain public communications.”

“I can tell you directly that there are USD 260 million investments in the energy sector being implemented without interruption. These are international investments. These companies feel uncomfortable with public communication today and don’t want publicity due to what has been created by incorrect processes – bullying.

When the opposition calls on businesses to sabotage, stop their activities, or halt economic activities, in this case, international investors act even more delicately and cautiously than local investors. This environment is more unfamiliar to them than it is to us.

When we talk about energy or infrastructure sectors, these projects are long-term. We neither turn a blind eye to problems nor ignore challenges, but at the same time, we are consistently moving toward defusing the political crisis and improving the international situation. We may not be able to share information about specific steps and tactics today,” Davitashvili stated.

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