The objective information presented in the report of the Department of State is a clear signal to investors that Georgia can be a reliable partner and the right choice in the long term, First Vice Prime Minister, Minister of Economy and Sustainable Development Levan Davitashvili said while commenting on the US State Department's 2024 investment climate report.
According to the statement of the First Vice Prime Minister, all this indicates that Georgia has the right economic policy, which, first of all, involves macroeconomic stability.
"The report of the US Department of State, which evaluates the investment climate of Georgia, is quite objective. The assessment of the investment environment and climate of Georgia is positive. The report mentions the main economic reforms that the country has successfully implemented in recent years, as a result of which the country had an unprecedentedly high economic growth compared to the candidate countries of the region and the European Union. This trend should be maintained in the coming years, which is confirmed by international authoritative economic organizations, including the International Monetary Fund," said Levan Davitashvili.
According to him, the country has improved macroeconomic indicators, which is the basis for investors to invest in Georgia. He also said that Georgia is different from other countries of the region, which is also clearly mentioned in the report. According to him, the country's investment environment is predictable, and the regulatory legislation is in full compliance with international standards.
"I think that all this objective information is reflected in the report and it is a clear signal to investors that Georgia can be a reliable partner in the long term and the right choice for investing in the region. We will maintain this policy in the coming years as well. We will have macroeconomic stability and all the supporting measures that will make doing business in Georgia even easier and more convenient and will ultimately increase the country's competitiveness," said the First Vice Prime Minister.
