Authoritative magazine Global finance has named Georgia among the countries with the most dynamic investment attractiveness, based on measures such as economic stability, rating, and quality of business regulations.
Global Finance has included Georgia among those countries that are noteworthy due to sharp growth and intensive interest from investors. Georgia is among the leading European countries in this group.
While working on the above-mentioned assessment, Global Finance relied on five economic components: GDP growth forecast, changes in direct foreign investments, corruption perception in the country, the competitiveness of the country and the ease of doing business. According to economic components, Georgia meets the top 10 countries with the best results in components such as ease of doing business and corruption perception.
Global Finance estimates that, due to global trade tensions and internal problems, 2018 was a transformative year for many economies in terms of concerns in currencies, declining commodity prices, and dwindling investor confidence. According to the publication, on this background, Georgia is among those countries that are characterized by impressive growth and growing interest from investors.
“Whether it is true that every great challenge offers a great opportunity, emerging markets were certainly handed plenty of both over the past several months. Between global trade tensions and homegrown problems, 2018 proved to be an especially transformative year for many economies. Currency concerns, declining commodity prices, and dwindling investor confidence only added to the turbulence”, reads the publication.
“Global Finance describes Georgia as a country that is characterized by rapid improvements in the business environment with high growth and strong links with the EU.
For the above-mentioned assessment, Global Finance relies on the following sources:
• IMF, World Economic Review (WEO), October 2018
• UNCTAD, World Investment Report, June 2018
• WORLD ECONOMIC FORUM, Global Competitiveness Report, 2018
• TRANSPARENCY INTERNATIONAL, Corruption Perception Index, 2018
• WORLD BANK, ease of doing business, 2019″, – reads the statement released by the Ministry of Economy and Sustainable Development of Georgia.
