The attitude of the United States towards Georgia is a bit exaggerated - Georgian businessmen

The attitude of the United States towards Georgia is a bit exaggerated - Georgian businessmen

access_time2020-07-08 14:36:49

In 2021, Georgia should receive financial assistance from the United States in the amount of $ 132 million, but the real amount might be 15% less - until the US Department of State sees the country's progress in building democratic institutions, in the rule of law, and in the fight against corruption.

The document has already been prepared by the Committee on Budget and Finance of the US congress, and will be considered  in the near future.

Georgian business considers this decision exaggerated.

Director of the East Gate company Irakli Iashvili believes that  the claims of American congressmen about the country's investment climate are connected with the lawsuit with the US oil and gas firm Frontera.


“Cuts  in US financial assistance to Georgia is connected with the conflict over the Frontera firm. Two months ago, it lost the trial in arbitration, but still this situation affected the attitude towards Georgia. I have no other explanation for claims to our country’s  business climate, ”the businessman notes.

In the opinion of Redix CEO Lasha Papashvili, the decision to cut financial assistance to Georgia is exaggerated, since the main problem in the country is a pandemic that prevents a full recovery of the economy.

 “Georgia’s business climate with respect to foreign companies can’t cause cuts in financial assistance. The attitude of the USA towards the problems in Georgia is exaggerated. Today a pandemic is the country's main concern  in terms of the business climate,  ”the businessman points out.


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