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What impedes the development of capital market – Gilauri’s answer

5aab914339a7a
BM.GE
16.03.18 13:39
1204
According to the Director General of the investment company Georgia Capital, the development of capital market in Georgia is impeded by the fact that the country doesn’t have investors of this kind and portfolio investors operate on international stock exchanges. “The development of capital market is impeded by the fact that in Georgia we don’t have investors of this kind. For this, we travel to England, as portfolio investors are there, in London and other stock exchanges. We can attract them to Georgia, but we can not attract these investors unless we have a local stock exchange.

Portfolio investors do not want to the only investor in Georgia. They want members to be diversified. And the pension reform allows for attracting different type of capital, too, to attract portfolio capital,” –Gilauri states.

Besides, the businessman believes that number ne challenge for Georgia today is the access to capital rather than dollarization.