"If there is a normal environment in Georgia, it could
lead to painful outcomes. "If the government and the opposition do not
want to contain the deepening crisis, businesses will not recover at all,"
the European Business Association
says in a conversation with Commersant commenting on the possible impact of the
current events on the investment environment in the country and adds that
businesses affected by the regulations may never recover.
members of the European Business Association are now very concerned. Political
stability is the main factor for motivating FDI into Georgia. There is political instability in the country
for more than half a year that hurts businesses. Businesses have already been
hit by the COVID-19 restrictions, I am very surprised how business in Georgia
has maintained stability. The business environment suffers a big blow and I
still have high hopes that there will not be even more affected.
just want to do business; I'm sure 90 percent of the population does not want
to do politics. We want to move forward. I hope businesses will still find a
way of stability in Georgia and the current investments will be maintained. It’s
crucial the crisis will end to allow the
Business Association to carry out its activities, it hurts us and the currency.
The court is a system problem, the bureaucracy has been a big problem for years.
European countries are trying to recover, I do not see it in Georgia, "-
John Braekeveldt, Chairman of European Business Association (EBA), says.
Nika Melia was
sentenced to imprisonment as a preventive measure on February 17. On February
18 Prime Minister Giorgi Gakharia resigned, saying he had failed not reach a
consensus in the team on the form of enforcing a court decision. All this time
before his arrest Melia was in the National Movement office along with members
of other opposition parties.