Business sentiments have changed taking into account the current processes. The business thinks how much it is worth to develop the activity in this situation.
Kakha Khazaradze, the founder of the ICR company, says that his European partners are very worried about the developments in Georgia, have questions regarding the current projects and are thinking about how to protect themselves.
Khazaradze states that at the moment investors refrain from making additional investments in the country.
"Our French and Turkish partners came to us. We had a business meeting planned in advance. They are very worried, since I am talking about companies that are focused only on business and are worried about the development of the situation. Therefore, today they are already talking about how to protect themselves in the short term. There are no talks about the additional investments.
Recently, my Dutch partners called me and said that the situation is difficult. We wanted to develop something from a logistical point of view, and they said to forget about it. On the contrary, they ask us how to protect their interests in Georgia," says ICR founder Kakha Khazaradze.
ICR Group is one of the largest and most stabile organizations in the field of retail business in Georgia. The Company started operation on the Georgian market in 1993 and currently has up to 1000 employees. ICR represents International brands of shoes, clothes, accessories, as well as furniture and Food and Beverage outlets.
