Georgia open for investments but not many willing to enter
By Messenger Staff
Tuesday, July 13According to World Bank assessments Georgia is one of the most welcoming countries for foreign investments. This assertion was made after the World Bank studied the investment environment in 87 countries, but the quantity of foreign investment in Georgia has nevertheless decreased seriously.
In the first quarter of 2010 Georgia received USD 75.7 million in investments, compared with Armenia's USD 116.9 million and Azerbaijan's USD 994.8 million. The major reason for this is given as the Russian invasion of August 2008 and the financial crisis in the world. Georgia tries its best to attract investments and make running a business in the country as easy as it can be, and the authorities claim that the current amendments to the tax code are also a step in this direction, but as yet there is little visible affect.