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Georgia Investor Session – Prime Minister Garibashvili Delays Business Re-registration Amendment

by Mariam Gorkhelashvili
November 16, 2023
in Business & Economy, Magazine
Reading Time: 1 min read
Georgia Investor Session –  Prime Minister Garibashvili Delays Business Re-registration Amendment

In the administration of the Government of Georgia, Prime Minister Iralki Garibashvili presided over a session with investors. The session commenced with opening remarks from Prime Minister Garibashvili, followed by welcome speeches by Deputy Chief of Mission of the United Kingdom Embassy, Claire Olbles, and the Regional Director of the European Bank for Reconstruction and Development (EBRD) in the Caucasus, Alkis Vrenios Drakinos.

Giorgi Cherkezishvili, the Secretary of the Investors’ Council, provided participants with updates on the implementation of decisions from the previous session and offered insights into the overall dynamics of the Council’s activities.

The session delved into discussions on proposed amendments to the Law on Entrepreneurs, notably addressing the postponement of business re-registration. Prime Minister Garibashvili resolved to defer this change, emphasizing that both the government and parliament would actively engage with this matter.

Additionally, participants explored measures to facilitate the export of Georgian products to the European Union and engaged in discourse regarding access to new financial instruments.

In summary, the session encompassed crucial deliberations on legislative adjustments, economic strategies, and international trade relations, reflecting the government’s commitment to fostering a conducive environment for investors and entrepreneurs in Georgia.

By Mariam Gorkhelashvili

Tags: Business Re-registrationIrakli Garibashvili
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